Armatage Candle Company
You won't have a candle business for long if you don't learn how to make a profit. But where do you start? Unless your background is in finance (mine definitely isn't), start by calculating your Cost of Goods Sold (COGS). Here’s the base calculation: COGS = Materials + Labor + Overhead For example, if your COGS is $5 and you sell for $10, your profit is $5 per candle.Watch more here: https://youtu.be/muKOLFUyDgk
1 month ago | [YT] | 15
@kevinalanfischer
You know it’s serious when the whiteboard comes out
1 month ago | 0
Armatage Candle Company
You won't have a candle business for long if you don't learn how to make a profit. But where do you start?
Unless your background is in finance (mine definitely isn't), start by calculating your Cost of Goods Sold (COGS).
Here’s the base calculation:
COGS = Materials + Labor + Overhead
For example, if your COGS is $5 and you sell for $10, your profit is $5 per candle.
Watch more here: https://youtu.be/muKOLFUyDgk
1 month ago | [YT] | 15