Essential question:
What will it cost you to start the business prior to operation?

Understanding cost structures
Cost structures are essentially all of the operational costs for taking your business to market. Determining the costs to operate your business on a monthly basis will help you reach an understanding of your break-even point.

Workbook Activity:
In your workbook, write down the Fixed Expenses (costs of being in business) and Variable Expenses (costs of doing business).

Workbook page looks like this:

Next Lecture:
Key Metrics