Part of the MPowerBIO Capacity Building Programme.

 

Description:

Introducing participants to the concept of break-even analysis and explaining how this tool can be utilised for identifying at what point their company, new product or service will become profitable. The training aims to clarify the break-even point – the level of output at which the revenues generated by a project equal its costs. In line with this, the session will demonstrate to SMEs how they can compare variable and fixed costs with the sales revenue to determine their own break-even point.

 

Agenda:

• How to understand the nature of your expenses and costs (what are the common kinds of costs associated with SMEs)

• How to identify overhead costs

• Understanding variable costs

• The basic formula for break-even and what the break-even point looks like

• How to apply the concept of “break-even” to evaluate new opportunities

 

Target audience: Associated cluster organisations.

 

Practical info:

Language: English

Date & Time: 15.04.2021, 10.00 - 11.30 h CEST

Presenter: Foodscale Hub (FSH)

 

About the presenter: 

Mladen Radišić – Foodscale Hub

Prof. Mladen Radišić is a university professor in the area of Business and Finance, and he has the position of CEO at Foodscale Hub. Mladen has been holding various management positions and has participated in numerous EU-funded projects (CIP/COSME, FP7/H2020, etc.). He has previous experience in running large-scale projects and organization of international EU-funded business accelerator programs.  These projects and programs have delivered more than 12 mEUR to more than 150 European SMEs and startups, covering sectors such as agrifood, ICT, manufacturing, logistics, health, finance, energy, and environment. His fields of interest are financial and small business management, international project management.

 

Register here