Pricing for Profit

Venue:
Online - Login details to follow
 
Date:
05/11/2020
 
Note:
Thur 5th and Fri 6th November
 
Time:
9.30am - 11.30am
 
Category:
Business Training
 

In this Workshop, participants will be given an understanding of the fundamentals of costing and pricing their products and services. It will explain how to calculate breakeven sales volume and will also outline the factors to consider when setting prices.

This event is no longer available
 

Please note, this workshop will run over two days - Thur 5th and Fri 6th November from 9.30am to 11.30am.

Participants will be taken step by step through the various pricing calculations.

The workshop will cover the following topics:

  • What overheads are, why they are important and how to factor them into your product or service costs.
  • How to calculate your profit margins by product / service and for the entire business.
  • How to calculate your breakeven position and translate this into the number of units you need to sell to achieve it.
  • What factors to consider when setting prices.
  • How to calculate prices for new products or services you want to introduce.
  • How to improve margins.
  • The importance of reviewing prices regularly and how to do this.
  • How to test the market price level.

Please note:

Due to the limited number of spaces available, this programme is limited to Businesses based in Kilkenny (City and County) only.
If you are from outside this region and are interested in a programme similar to what we are offering, we would kindly request that you get in touch with the Local Enterprise Office in your region and they will advise you if they are planning to run a similar programme. Thank you for your co-operation.