Participants will be given an overview of the elements, strategies & formulas for costing & pricing their products & services.
Bringing Your Business Idea to Life
Two factor authorisation is required when booking; please ensure you have this set up with your bank. If you experience any difficulties regarding payment, please contact the LEO office at 051 849905 for assistance.
Workshop Contents:
- Different Principles of Pricing
- Factors that influence pricing – cost, competition, demand etc
- Different Methods of pricing
- Determine your breakeven figure – factor all costs into equation
- Set realistic plans and targets – can you sell enough product
- Know your market
- Review pricing regularly
- Understanding Gross Margin
- Tax’s – VAT & CT/Income Tax
- Importance of timing
- Manage your cashflow
- Selling on Credit v’s selling for Cash
- Identifying Costs
- Difference between Direct Costs and Indirect Costs
- How to ensure that all costs are accounted for in your plan
- Different methods of allocating costs against revenue
Please Note:
- This training is for businesses currently trading or planning on trading in Waterford City or County. If you are based outside of Waterford please contact the relevant LEO to access a similar service. A full listing of LEO offices is available by following this link - Find Your Local Enterprise Office
- By booking this course you agree to share your booking details with the trainer.
- Lunch will be provided - please let us know if you have any dietary requirements.
Training Partner:
Keith Darcy Is a Qualified Chartered Management Accountant (CIMA), Qualified Financial Advisor (QFA) with the Institute of Bankers Ireland (an affiliate of UCD), Registered with the Teaching Council of Ireland and has completed the Advanced Diploma in Personal Development and Executive Leadership and Coaching with Kingstown College.
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