This workshop will delve into the crucial aspects of costing & pricing your businesses product or service. It will equip you with the knowledge & skills needed to effectively price & cost your offerings.
Costing & Pricing Workshop
In this workshop, you will cover a range of topics essential for mastering the art of pricing & explore pricing psychology, gaining insights into understanding the true value of your product or service. The session will also address common pitfalls related to pricing, including considerations with competitors & managing switching dynamics.
Business strategy & the integral role of pricing in overall business management will be explored, offering you a holistic view of the impact of pricing decisions.
The following topics will be covered:
- Basic principles of costing
- Costing techniques
- Controlling costs
- Contributions/margins
- Profit vs Cashflow
- Costing & pricing products/services
- Understanding & calculating break-even prices
By the end of the workshop, you can expect to have a significantly improved understanding of pricing & costing for their product or service. This knowledge will empower you to make informed decisions that contribute to the financial success & sustainability of your business.
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