Are you leaving money on the table? Or worse, giving money away?
How much money does it REALLY cost you to make your product? Food is a business of pennies…and those pennies add up fast either in your favor or out of it. It is essential that every business owner knows how to calculate and track exactly how much each serving of each product costs them to make down to the penny.
Not knowing means you will be unable to appropriately plan and reach profitability. Which is actually a recipe for failure.
This course teaches you how to properly calculate costs and how to source ingredients to reduce costs.
Topics Include:
Learn the key components you need to know when calculating costs that most people overlook.
Time as an ingredient.
8 key factors that drive food costs up and down.
How to increase profits without raising your prices!
Evaluating market price for your product.
How to create win-win pricing for wholesale and distribution.
Margins vs. Mark-ups.
- How to find your break even point.
And much MORE!
You could figure this out on your own OR you can learn from our experience working with literally hundreds of food entrepreneurs and create a shortcut to some of the most important numbers to know in the food industry.
Why re-create the wheel when you can take ours for a spin!
Sign up for this course and we'll throw in our food costing and pricing sheet ( a $75 value) for FREE!
We've designed it to go beyond just costing your batch so you get quick access to the formulas and numbers you need to have an edge when talking to wholesale buyers and distributors!
We also go over a basic formula to find out your break even number. We have included our Break Even spreadsheet ( a $49 value) for free with the purchase of this course as well.
Costing and Pricing Your Products
A Dollars and $ense Approach
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1
First Things First
- Frontier Kitchen University Courses – License and Terms of Use
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2
Welcome
- Welcome and How to Use These Videos!
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3
Drivers of Cost
- What Drives Costs Up & Down?
- Where Are You Getting Your Ingredients?
- Additional Thoughts
- Distributor Forms
- Distributor Forms
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4
Cost of Goods Sold
- What Comprises COGS? FREE PREVIEW
- COGS: Ingredients
- COGS: Packaging
- COGS: Labor
- Putting it all Together
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5
Recipe Costing Sheet
- Recipe Costing Sheet
- Recipe Costing Demo: CPG
- Recipe Costing Demo: Prime Costing Method
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6
How do I price it?
- Pricing Your Products
- Sales Channels
- Pricing Your Products According to Your Sales Channels
- Margin and Markup
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8
Break Even Spreadsheet
- Break Even Analysis
- Break Even Analysis Sheet