Calculations are the compass to guide business decisions such as budgeting, strategic planning and budgeting. It doesn’t matter if you’re starting an entirely new venture or have been in business for a long time, understanding the key formulas that Learn More are essential for your business to flourish is essential.

A business calculator is a handheld device that offers an easy and quick way to perform calculations on the move without the need for the use of a smartphone or computer. A typical business calculator could have a single button and a display, while more sophisticated models could include graphing or scientific functions.

The break-even threshold is the number of products or services your business needs to sell in the period of time to cover its variable and fixed expenses and earn a profit. This data can be used to set sales goals, determine the price and forecast when you will earn your first profits.

Costs are the money your company uses to purchase products, services and overhead. Net income is calculated by subtracting your revenue from your expenses. It can be used to measure how much money your business actually earns at the end of each day. This figure is also referred to as net income, net profits or bottom line.

Start-up costs are the cost associated with establishing a business. This includes items such as inventory, supplies, equipment and rent. This calculation can be useful when requesting funding and looking at potential opportunities. It can also assist with determining your company’s growth strategy and how you can increase shareholder value.