Pricing and Budgeting Workshop

This course will cover all aspects that impact on Pricing your product, factors that influence price, how to work out your cost base and what your breakeven sales figure for your business should be and what you need to consider when preparing forecasts or financial projections.

This will be delivered over a half day in a group setting with the use of PowerPoint, flipcharts and interactive discussions with the group. I’ll run through the course outlined below but will get clients to engage in discussion, breakout sessions etc. to make it as interactive as possible

Content

Topics and Tools on the training includes:

1. Different Principles of Pricing
2. Factors that influence pricing – cost, competition, demand etc
3. Different Methods of pricing
4. Determine your breakeven figure – factor all costs into equation
5. Set realistic plans and targets – can you sell enough product
6. Know your market
7. Review pricing regularly
8. Understanding Gross Margin
9. Tax’s – VAT & CT/Income Tax
10. Importance of timing
11. Manage your cashflow
12. Selling on Credit v’s selling for Cash

Participants will be given an overview of the elements, strategies & formulas for costing & pricing their products & services.