THIS COURSE IS STRICTLY FOR WESTMEATH BUSINESSES ONLY

The price of a product or service needs to cover all the costs involved (assessing the job, travel, labour etc) and allow for a profit.  It must also take account of what competitors are charging and how much customers will be prepared to pay.

If you set too high a price it may lead to lost sales but setting your price too low will reduce your profits.

Aimed At:

Start-ups or existing businesses wishing to explore costing and pricing

Objectives:

To establish costing procedures and ensure business is pricing for profit 

Contents:

• Calculate product or service cost in your business
• Be aware of different types of costs in your business
• Manage costs effectively
• Time management and costs
• Review different pricing strategies
• Price for profit

 The different methods of pricing will be explored and will be useful for both manufacturing and service businesses.  Learn how to do it right each and every time.

Job Costing is a method you use when your customers incur unique amounts of costs. Job costing assesses costs by the job and allows you to provide detailed price estimates based on the product constructed or service provided.

For some businesses, nearly every customer job has different costs, and that’s where job costing asserts its value. You need a job costing estimate in order to get the customer’s business, and you need to track costs accurately so you generate a reasonable profit.