(100 word discussion board for Tim’s coffee Shoppe)
Make sure to take the Break-even point tutorial provided in the Learning Activities before responding to this Discussion.
Go to the U.S. Small Business Administration website and search for “break-even point” at http://www.sba.gov/
Then answer the questions posed:
-Why is it important for a business to know their break-even point? Cite an example and support your answer with your rationale.
-How long should a business be prepared financially to survive if they do not make a profit? (Support your answer with references.)
-What are the resources that Tim, the shop’s owner, could use if he needs to gain access to more funds to operate his business in the near future