Financial Tool
The break-even point is the point at which total cost and total revenue are equal, meaning there is no loss or gain for your small business. In other words, you've reached the level of production at which the costs of production equals the revenues for a product.
For any new business, this is an important calculation in your business plan. Potential investors in a business not only want to know the return to expect on their investments, but also the point when they will realize this return. This is because some companies may take years before turning a profit, often losing money in the first few months or years before breaking even. For this reason, break-even point is an important part of any business plan presented to a potential investor.
For existing businesses, this can be a useful tool not only in analyzing costs and evaluating profits they’ll earn at different sales volumes, but also to prove their potential turnaround after disaster scenarios.
A Step-by-Step, How-To Guide for Starting a Business
The Startup Roadmap sponsored by FedEx outlines each step in starting a business with information and resources on the most difficult tasks. It also contains tips for working "With Your Mentor" on each topic.
Browse these tools and find resources to help you make decisions on starting or growing your enterprise. Your SCORE mentor can assist in putting your ideas into action.
Food Processing Center
Our mission is to promote economic development through entrepreneurship, provide opportunities for sustaining local agriculture, and promote best practices for food producers. The WMFPC offers rental manufacturing space as well as co-packing services to food businesses in the commonwealth and beyond. We also work with local farms to make value-added products, like jams, sauces, pickles and purees.
Business Accelerator Program
The EforAll Accelerator Program is a free, one-year program offered twice a year in each of our communities. This program offers a unique combination of immersive business training, mentorship, and access to an extended professional network. Anyone with a dream to start or grow a business or nonprofit is encouraged to apply.
Lawyers for Civil Rights works with communities of color and immigrants to fight discrimination and foster equity through creative and courageous legal advocacy, education, and economic empowerment.
While our mission is focused, we recognize that discrimination takes many forms—and that factors such as race, national origin, ethnicity, sex, religion, immigration status, gender identity, and sexual orientation can overlap and intersect with one another. We organize our work according to nine impact areas that represent critical battlegrounds for civil rights today, and that address the many ways our clients experience discrimination. As new issues arise, we move quickly to establish innovative practice areas—ensuring we remain on the front lines of justice.
Small Business Strong is a non-profit organization empowered to help women and minority-owned small businesses navigate the devastating impact of the COVID-19 pandemic. We recognize that our 650,000 Massachusetts small businesses are the lifeblood of our communities and we have set out to provide best-in-class support where it’s needed most. Small Business Strong provides expedited, pro-bono resources to small businesses ranging from access to capital to consulting, business restructuring, business growth, digital marketing, and customer engagement plans.
You don’t need to work through these hard times alone, contact us today.
What is MassHire BizWorks and how does it help you?
Since its inception in 2012, MassHire BizWorks has enhanced and aligned the resources and services available to businesses throughout Massachusetts. Offered by MassHire Department of Career Services' Executive Office of Labor and Workforce Development, this initiative partners with agencies in workforce development, economic development and education to help businesses grow and thrive.
The BizWorks' model offers assistance to employers for every stage of the business cycle. Services are available for business growth, expansion, maintenance, and downsizing.
Contact MassHire BizWorks at 800-252-1591
E-mail us at BizWorks@detma.org for more information.
Visit our website: Mass.gov/bizworks
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