About four weeks ago, I made a blog post on the five reasons why I failed Tony Elumelu Entrepreneurship Foundation’s application in 2016.
Since then, I’ve had several TEF applicants reaching out to me for coaching on how to come up with a quality application for 2019 TEF application.
However, I realised that a point of the general challenge is under financials, especially how to calculate the break-even point.
This video is from the Chief Investment Officer of Heirs Holdings and he gave an explicit and simple explanation on how to calculate your break-even point.
You may find it useful not only for your TEF application (in case you are not even applying) but also for understanding your business.
Thanks to Babatunde Lawal for sharing this valuable information on Top Entrepreneurship Forum.