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New Video Could Help You Save As Much As $50K - PPA Today

New Video Could Help You Save As Much As $50K

By: Lauren Walters

If you're looking to make a bigger profit, PPA's Benchmark Resources are here to help revise your budget. A small change can make a huge difference in your business. In fact, a 1% decrease in your cost of sales and overhead expenses can save you as much as $50,000 by the end of the year.

For a retail studio, overhead expenses should estimate to about 40% and cost of sales at about 25%. Keep in mind that your profit depends upon the amount of sales for that fiscal year. For example, you need about $143,000 in sales to earn a $50,000 profit. Make sure to use PPA's Square One tool to see the change 1% makes to your bottom line.

The video below stresses the importance of creating a strategic budget and sticking to it! Watch and learn more about how to keep your sales and expenses in line with your new 1% budget.


For more information, visit PPA.com/Benchmark. Be More Profitable.



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This page contains a single entry by Professional Photographers of America (PPA) published on May 7, 2015 6:37 PM.

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