Skip to main content

Popular posts from this blog

Sustainability is Trending

The year of 2020 has shown a rise of awareness in sustainability, and more and more people are adopting sustainable lifestyles. The public is also showing increasing concern about waste, but are still generally apathetic about the wastefulness of the animal agriculture industry, which is a leading cause of greenhouse gas emissions, water contamination, deforestation, and a host of other environmental calamities. Here are some current trends in food and sustainability as reported by Tastewise.io  the leading source for AI enhanced cooking and restaurant information and trends. Their enterprise package costs somewhere north of $10,000 but you can get started for free here .  The majority of people who eat sustainably do so for their health The primary motivation people are choosing to eat sustainbly is for their health, and not for environmental considerations. That being said, environmental concerns (including consuming locally, recycling and waste mana...

Why You Should Perform a Break Even Analysis before Starting Your Business

Running a small business is not for the faint-hearted. It requires a lot of stamina, determination, and knowledge. One of the vital skills you need is to know how to perform a break even analysis. Not sure how to perform one? Don't worry; we'll take you through the process step-by-step. What Does Break Even Point Mean? This is the point in your business where your costs and revenue are equal. When you discover what that figure is, it's time to evaluate all elements of your business. This includes the cost of labor and materials and possibly rent, if you don't own your own building. This is also a good time to examine your pricing structure to determine if your prices are too low. If your prices are too low or your costs too high to reach a break-even point in a reasonable amount of time, then your business is in danger of being unsustainable. The Formula for the Break Even Analysis There is no one formula for this—in fact, there are a few ba...