BE AWARE : INTEREST IS THE SILENT KILLER OF YOUR BUSINESS! | Business Behind The Product
Factorywalabhai
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BE AWARE : INTEREST IS THE SILENT KILLER OF YOUR BUSINESS! | Business Behind The Product
531 просмотр · 3 недели назад
Factorywalabhai
415 подписчиков
531 просмотр · 3 недели назад
INTEREST IS THE SILENT KILLER OF YOUR BUSINESS!
90% of buyers purchase goods from you on 60, 90, or 120-day credit terms, yet you have to pay your suppliers in advance. You end up paying interest to the bank (on your CC limit) for the capital blocked in this process. If you don't factor this into your garment costing and cost sheets, your profit will be silently eroded.
TIMESTAMPS:
0:00 - The Truth: Excel Profit vs. Bank Profit
0:45 - Why Add Bank Interest to Costing?
1:52 - Whiteboard Formula: Amount x Interest x Days / 365
3:10 - Live Calculation: How ₹29,600 Interest on ₹10 Lakh?
4:24 - How to Calculate ₹6 Per Piece? (5,000 Pcs Example)
5:40 - Ground Reality Conclusion: Apply This to Every Business
This video is for every garment factory owner, apparel exporter, and manufacturing business owner who wants to get their fabric costing and pricing right.
#GarmentCosting #CostSheet #GarmentIndustry
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