Course – Costing & Pricing fundamentals for Small Production Businesses

When - Wednesday 18^th September 10am to 1pm

Where -Online Via Zoom

The Workshop will be engaging and practical, focusing on the essentials of costing, pricing and strategic buying to ensure profitability for early-stage micro production businesses.

Participants will be equipped to:   

• Understand the fundamentals of costing and pricing in the context of production.
• Develop strategies to ensure profitability from the early stages of the business.
• Have a better understanding of how to price their products.

Course Outline :

•       Appreciating the importance of knowing your costs and setting the right price
•       The implications of getting your costing and pricing wrong.
•       Pricing strategies for SME’s
•       How to establish your cost and factors that make up your costs including hidden costs
•       Dealing with changing costs (Exchange Rates, Tariffs, Cost increases)

Additional learning objectives:

•       To provide participants with the confidence to review and question their costing and pricing.
•       To leave Participants with the skills and tools to regularly review their costings and prices.
•       To leave Participants with the skills and knowledge to identify the changes which would warrant a review of costing and pricing.
•       To encourage Participants to avoid low pricing as a competitive advantage

Key Outcomes:

•       Business Owners will have a significantly improved understanding of Costing and Pricing and how it impacts their business performance.
•       Business Owners will be more confident in reviewing costs and prices and discussing related issues with their accountants.
•       Participants will have an improved understanding of how pricing decisions impact on performance.