Step 1: Work out your ‘Fixed Costs’

Your ‘Fixed Costs’ are the costs that remain the same regardless of how many units you are making. For example: Rental of your business premises Your insurance The first thing you need to do is to work out your overall ‘Fixed Costs’ and then your ‘Fixed Cost Per Unit’. It’s really important that you don’t forget to … Continue reading Step 1: Work out your ‘Fixed Costs’