Knowing your numbers.
Benchmarking your business regardless of sector requires a measure of your value to the customer. A ratio or a number that defines your break-even.
A cost analysis involves the process of reporting separate elements in a cost proposal, such as labor, equipment and materials that make up a product or service, as well as its proposed profit. It is used for cost-evaluation purposes when there is a lack of competition or comparable offers in the marketplace.
Marabek can help you define your break-even, economies of scale, cost characteristics and what flexibility you have to adjust for market conditions. More importantly, do you know your pricing band or price elasticity?
Consider the Time-Value-of-Money theory. Concept is that a sum of money is worth more now than the same sum will be at a future date due to its earnings potential. There are many ways by which companies forgo the value they offer for short-term benefits.
We can show you models by understanding your processes to capture lost opportunity and revenue.
Contact us to learn more!