Great Products + Great Knowledge of Your Numbers = Great Success | Knowledge Bomb

Show Notes

Paul Hood, a business coaching client and a great CPA shares why great products and a great knowledge of your numbers will produce great success while discussing the Flying G Beef Jerky brand.

https://ussmissouri.org/

3 Numbers You Need to Know to Have a Successful Business

1. What it costs to make the product?
   1. Labor
   2. Cost of materials
2. How much stuff do you have to sell to breakeven?
   1. Breakeven – Point where your profit is equal to your costs
3. How much do you have to sell to hit your goals?
   1. How many packages of beef jerky do need to sell?
   2. How many tax returns do you need to file

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