Track your per-unit costs.
Relentlessly.
Think about a construction project:
It's always twice the time⏲
And twice the money 💸 you think.
Gathering estimates for your:
Labor
Labels
Materials
Packaging
Co-packer
Distributor
Freight co.
Customs
Supplies
This is a great idea... when you're just starting out.
It's important to look at actuals.
Don't rely on quotes and disparate bills forever.
Understand everything that is going into your product.
Everything that gets it into your customer's hands.
This is the full story of your COGS.
When you understand the full story, you can:
- paint a realistic picture of your future results, and
- forecast your future cash needs.
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