Profit & Expenses
How to know if your prices are too low
Low prices may attract customers but can reduce profit if costs are not covered.
A product or service price should cover the cost of buying or delivering it, plus enough margin to support the business.
If prices are too low, the business may sell a lot but still struggle to pay rent, suppliers, staff and other costs.
Bizwazi helps by tracking sales, expenses and stock costs so the owner can review whether the business is actually profitable.
How Bizwazi helps
Bizwazi gives small businesses a simple way to record sales, expenses, invoices, inventory, supplier bills, transfers, daily balances and reports in one place.