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If you're already an HR professional and are looking to further your career in HR management, consider the online Master of Business Administration in Human Resources Management program from Maryville University. Recommended Readings: Check Out Our New Online Degree Programs Coming This Fall Business Management vs. Human Resource Management: Comparing Two Career Paths How to Become a Compensation and Benefits Manager Sources: CNBC, "21 of the Most In-Demand Jobs in the US — and How Much They'll Pay" HR Certification Institute, Our Certifications Society for Human Resource Management, Certification The Balance Careers, "Important Human Resources Skills for Resumes & Cover Letters" U. Bureau of Labor Statistics, Human Resources Specialists
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When will I break even? It's one of the biggest questions you need to answer when you're starting a business. And that's why it's so crucial to conduct a break-even analysis, which helps you determine fixed costs (like rent) and variable costs (like materials) so you can set your prices appropriately and forecast when your business will become profitable. Central to the break-even analysis is the concept of the break-even point (BEP). A system that grows with your business. We're with you from Square one to whatever's next. What is the break-even point for a business? A business's break-even point is the stage at which revenues equal costs. Once you determine that number, you should take a hard look at all your costs — from rent to labor to materials — as well as your pricing structure. Then ask yourself these questions: Are your prices too low or your costs too high to reach your break-even point in a reasonable amount of time? Is your business sustainable? Calculating your break-even point There are a few basic formulas for determining a business's break-even point.
