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Watch & Use your breakeven point
Your breakeven point is that point in time when your income equals your expenses. Once you get past that point and your income exceeds your expenses, then you are making a profit. If your expenses exceed your income, then you are making a loss. All that sounds relatively straightforward, I’m sure. But knowing what your breakeven...
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When he became my accountant I felt as if the cavalry had arrived...
Tracey Barraclough
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