Calculations are the compass that guides business decisions including budgeting, strategic planning and budgeting. Knowing the fundamental formulas that are required to ensure your business’s success is vital, regardless of whether you are just beginning your journey or have been running a business for a long time.

A business calculator is a handheld device that gives an easy and efficient way to perform calculations on the move without the need for an internet connection or a smartphone. Basic business calculators might contain just one button and a simple screen and more sophisticated models might include graphing or scientific features.

The break-even point is the number products or services your business has to sell during a specific time period to pay for its variable and fixed costs, and to achieve profit. This data can be used to set sales goals, set prices, and determine when you might achieve your first profit.

Expenses include the money your company uses for products, services, and overhead. Subtracting your earnings from your expenses will give you net income, which can be a measure of how much your company is actually earning at the end of each day. You may also hear this figure referred to as net income, net earnings, or bottom line.

Startup costs are the initial costs involved in establishing your business. This figure includes things like equipment, inventory, supplies and rent. This is a useful calculation in requesting funds and considering potential opportunities. It also assists in the development of your company’s growth plan and how to increase shareholder value.

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