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What Does It Even Mean To Break Even? – 06/28/2024
Manage episode 426138603 series 3369142
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Ever wondered what “breaking even” really means for a business? In this episode we delve into the concept of breaking even, exploring its nuances and how it applies to running a coffee shop. From understanding initial costs to navigating profitability, we break down the financial complexities of the coffee business, along with spelling out the difference of profitability and actually putting money in your pockets.
Join us as we discuss:
- The real meaning of breaking even
- The challenges of achieving profitability in the coffee industry
- Key financial metrics every business owner should know
- Our personal experiences and strategies for financial success
*If you purchase something through one of our links, we may be entitled to a share of the sale*
Huge thanks to our partner Third Wave Water for sponsoring this episode! TWW enhances our brews by getting our water perfect for our coffee. Use code VALOR at checkout for 10% off your purchase! https://thirdwavewater.com
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