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57 | Break-Even Analysis
The break-even point represents the sales amount—in either unit or revenue terms—that is required to cover total costs.
This article from the Harvard Business Review takes a look at breakeven analysis.
In a world of Excel spreadsheets and online tools, we take a lot of calculations for granted. Take breakeven analysis. You’ve probably heard of it. Maybe even used the term before, or said: “At what point do we break even?” But because you may not entirely understand the math — and because understanding the formula can only deepen your understanding of the concept — here’s a closer look at how the concept works in reality.