Difference between revisions of "Introduction to entrepreneurship/IENT103/Valuing/Break-even"

Revision as of 05:47, 6 February 2019 (view source) Mackiwg (Talk | contribs) (Edit)		Revision as of 00:00, 7 February 2019 (view source) Mackiwg (Talk | contribs) Newer edit →
Line 1:		Line 1:
−	[[File:Simple_balance_scales-02.jpg|320px|right]]	+	[[File:Simple_balance_scales-02.jpg|320px|right]]The pre-seed funding stage commences with your idea for a new business and initial funding for the entrepreneur to progress a working prototype or [https://en.wikipedia.org/wiki/Minimum_viable_product minimum viable product]. The objective of this phase is to achieve the break-even point, therefore you will need to know how to calculate the break-even and consider how long it might take to achieve this milestone in your planning.{{clear}}
		+
		+	{{IDevice
		+	|theme=line
		+	|type=Definitions
		+	|body=
		+
		+	;Break even point
		+	:The break even point is the production level where total revenues equals total expenses
		+
		+	}}

---

Revision as of 00:00, 7 February 2019

The pre-seed funding stage commences with your idea for a new business and initial funding for the entrepreneur to progress a working prototype or minimum viable product. The objective of this phase is to achieve the break-even point, therefore you will need to know how to calculate the break-even and consider how long it might take to achieve this milestone in your planning.