OK

Creating a Comprehensive Budget for Your Business: Class 2 - Cost of Goods

Tuesday, March 17, 2020 from 9:00AM - 10:30AM

$20.00

240e346d 474a 4fe0 b95f 5426f5ba0bf0

Event Details

Financials are critical to a business no matter if it is a start-up or a mature company. Without a comprehensive plan, a company cannot set goals, determine inventory needs or set sales goals. Creating a financial plan will give your company purpose and direction. Each participant should attend the complete series of classes – by the end of the series each participant will have a completed budget for 2020. 


This series of classes will break the financials into sections: 

• Class 1: Income Budget 

• Class 2: Cost of Goods

• Class 3: Expenses and Cashflow 


Class 2 – Cost of Goods (COGS) & Gross Profit 

Cost of Goods (COGS) is the most complex part of budgeting process. It is critical to really understand your COGS so you know exactly how much it costs to produce your products or to offer your services. It is important to understand the relationship between COGS, Sales and Gross Profit. 

In this class we will determine the COGS for your products and/or services. 

• Learn what goes into the Cost of Goods 

• What does it actually cost you to produce your merchandise or offer your services? 

• Determine how much you should charge for your merchandise or services 

• Determine the gross profit dollars and the gross margin percentage for your merchandise or services and why this is an important number to know 

• By the end of this class each participant will be able to verify their own COGS and determine how to price their merchandise or services for their customer


About the Instructor:

Ann Connor is an award-winning business adviser. She has assisted businesses and organizations throughout the U.S. to create action plans for strategic growth. With over 25 years of experience in the retail industry, she’s helped more than 200 entrepreneurs and non-profit organizations identify their goals, steer them around a multitude of obstacles, and tackle their long-term challenges with a series of manageable steps. She sees her coaching as empowering people to be successful.

Venue Information

25 Roxbury Street
Keene, NH 03431
(603) 352-5063
Staticmap?center=42.9334218, 72.2770427&zoom=13&scale=2&size=936x250&markers=|42.9334218, 72

Organizer Information

Hannah Grimes Center


25 Roxbury Street
Keene , NH 03431

More Events

Name:
Shannon
Phone:
(603) 352-5063
Email:
[email protected]

Welcome to the New MyNorthTickets!

We’re excited to bring you a brand new experience on MyNorthTickets. We’ve added new features, updated our design and have made the site intuitive and easy to use. If you have any questions, comments or feedback, visit our contact page. We would love to hear from you!