Finance Basics for Start Ups

To develop a successful business, you need to understand some basic figures and the financial impact that your most basic business decisions may have.
The three key areas that interact are your costs, sales volume (how much you sell), and how they affect your final profit.
Every business owner needs to have an accurate understanding of how much it costs to produce their goods and services.
At the most basic level, you need to be sure that you are selling goods for more than it costs to produce them, that is, above break even point. This may sound obvious, but getting an accurate picture of your costs is easier said than done and many a business person has found themselves in the situation of carrying a loss because they underestimated costs.