BUSINESS SUPPORTS 2018

For owner/managers within Kildare’s Childcare Community

COSTING, PRICING AND CASH FLOW FOR A CHILDCARE BUSINESS

This programme aims to provide the participants with an understanding of calculating costs and actual price for their product service to enable profitable returns.
Participants are given methods of pricing their product so that they can price their product to sell AND make profit AND not waste their time.

This programme will explore the implementation of an effective cost mechanism; Taking overheads into consideration; Time Management;  Below cost selling, discounting and sales promotion through pricing, the effect of VAT on prices by considering the following:-
•    A brief introduction to margin and mark up Calculating
•    General pricing philosophies
•    Bottom up pricing
•    Planned Profit Pricing
•    Competitors pricing strategies
•    Customer based Pricing
•    Discounting
•    Incentives other than price
•    Price increases
•    Effect of registering for VAT on price
•    Breakeven analysis, Break even Clock Model
•    46/52 working year and how to cost it

Participants on this programme will leave with an enhanced knowledge of Costing, Pricing and Cashflow for the Small Business however the main outcomes that we expect participants to have from the programme are;
1.    To demonstrate how to stay competitive in the marketplace yet ensure an adequate return for the owners and the business in general as well as showing how regular checks of the prices and price model pay dividends.
2.    Participants will have an understanding of the techniques and methods for creating a clear price policy for the service
3.    And an awareness of the numerous factors that can influence (positively and negatively) profitability thorough careful price creation.  In particular the silent erosion of margin while not earning for those participants who are offering Services