Building BusinessServices

Section 28

Money basics for owners

Why profitable firms run out of cash, how to price, and how to keep books.

lessons
6
minutes
50
questions
3

Lessons

0%
  1. 01Profit vs cash: why profitable businesses still run out of moneyProfit vs cash
  2. 02Fixed vs variable costsFixed and variable costs
  3. 03Break-even and pricingBreak-even and pricing
  4. 04Working capital and credit cyclesWorking capital and credit cycles
  5. 05Keeping books and recordsKeeping books and records
  6. 06CalculatorsTry the break-even and working-capital calculators

Test yourself

  1. Fixed costs ₹60,000 a month, price ₹50, variable cost ₹30 a unit. Break-even units a month?

  2. Which of these reduces cash but is NOT a cost in the profit and loss?

  3. For how long must GST records be kept?