How long should you take to reach the breakeven point?

nomad · Dec 24, 2023

Businesses generate revenue by selling products and services. Products and services can be sold through physical stores or online marketplaces, or stores. You can retail or wholesale. You can manufacture your own products or sell those of others. Even though you might be generating sales from day one, it is not possible to profit from day one. That’s because you have to spend a lot of money to create this business.

In the beginning, your business might be still at a loss. How long should you take to reach the breakeven point?

Starmix · Dec 25, 2023

In my business I always profit. There's no day that I don't have buyers so I can't share an idea as to when to reach the break even. It's good to always profit.

eldavis · Dec 25, 2023

I don't think there is a specific amount of time though. For some it might take weeks, I have seen some persons who had to spend days before things begins to kick off for them. Then there are some that might take years.

Starmix · Jan 21, 2024

It can't be denied that there are businesses that feel happy when reach the break even than nothing at all. In my case, I always profit in my milk tea business. I feel good at the results everyday.

aovurevu · Jan 21, 2024

This varies with different individuals and the way they handle their business, some business owners are very intentional in making profit from the onset of their business and this give them the edge and makes it possible faster.

Stardom22 · Jan 21, 2024

For me l like doing businesses that make profits asap. For the capital intensive businesses they require at least three to more months for the business to start making profits.

eldavis · Jan 22, 2024

Stardom22 said:
For me l like doing businesses that make profits asap. For the capital intensive businesses they require at least three to more months for the business to start making profits.

True, i believe everyone would love such a business but there are just some business that you simply have to wait for sometime before you can start generating profits from it.

Alberello75 · Jan 22, 2024

Well, even though I'm not a trader I know what the break even point means. When will this be achieved? Well, in my opinion, this result often depends on many variables. For example: what we sell, the period in which we sell, the price of the products, the type of customers, etc.

olaniyi · Jan 24, 2024

Actually to reach the break even point is not something general depends on the type of investment and how best you know above the business the duration can not directly be predicted

Stardom22 · Jan 24, 2024

olaniyi said:
Actually to reach the break even point is not something general depends on the type of investment and how best you know above the business the duration can not directly be predicted

You are absolutely very true on that matter. The break even point is determined by multiple parameters that are put in place by the business owners like the influx of the customers and the amount of profits that is made on the business.

cherry123 · Feb 6, 2024

When it comes to break even point for your business, I believe depends on the business owner inputs. they must be mental and financial capacity to produce what is useful for the business

Stardom22 · Feb 7, 2024

cherry123 said:
When it comes to break even point for your business, I believe depends on the business owner inputs. they must be mental and financial capacity to produce what is useful for the business

Now that most people start business with the aims for getting employment opportunities and jobs, the business choosen shouldn't take longer for it to generate profits for its sustainability and growth.

Fidelia · Apr 30, 2024

I think any business should be able to reach break even point within a period of one year at the max. 6 to 8 months is Ideal though.

How long should you take to reach the breakeven point?

nomad

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Starmix

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eldavis

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Starmix

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aovurevu

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Stardom22

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eldavis

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Alberello75

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olaniyi

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Stardom22

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cherry123

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Stardom22

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Fidelia

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