Understanding profitability 

(Essentials training)

This course is aimed at business owners and managers who need to ensure that their goods and services are sold at the right price. It unpicks the selling price of a product or service ensuring that all costs are covered, and pricing strategies are appropriate.

What it covers

• Understanding costs and profitability 
• Understanding and recovering overheads
• Planning for profit
• Pricing strategies

Skills gained

After completing the course, delegates will have learned:

• to explain profit and how it differs from cash
• to define overheads
• pricing strategies
• to plan and monitor
• to assess a proposal for profitability
• to make better business decisions based on finances
• to provide more insightful reports based on financials
• to plan, monitor and assess financial reports.

Length: The course runs for one day.