Understanding Your Breakeven Point
One of the most critical financial concepts for business success is knowing your breakeven point—the point where your revenue covers your total costs, and you neither make a profit nor a loss. Understanding this will help you set realistic pricing, manage expenses, and make informed business decisions.
This module will cover:
What a breakeven point is
How to calculate it for your exercise physiology business
Adjusting your pricing and expenses for profitability
1. What is Your Breakeven Point?
Your breakeven point (BEP) is the amount of revenue needed to cover all fixed and variable costs. Once you surpass this point, your business starts making a profit.
Key Terms to Understand:
Fixed Costs: Expenses that stay the same regardless of the number of clients (e.g., rent, software subscriptions, insurance, admin salaries).
Variable Costs: Expenses that fluctuate with the number of clients (e.g., session-based wages, consumables, travel expenses).
Revenue: Money earned from client sessions, group classes, and other services.
Formula for Breakeven Point:
2. How to Calculate Your Breakeven Point
Let's break it down with an example.
Step 1: Identify Fixed Costs
Assume your monthly fixed costs include:
Rent: $2,000
Insurance & Licenses: $500
Software (Cliniko, Xero, etc.): $200
Admin Staff Salary: $3,000
Miscellaneous: $300
Total Fixed Costs: $6,000/month
Step 2: Identify Variable Costs Per Session
For each session, you may have:
Contractor payment per session: $40
Consumables (bands, tape, etc.): $5
Other minor session-related costs: $5
Total Variable Cost Per Session: $50
Step 3: Determine Your Revenue Per Session
Let’s say you charge clients $120 per session.
Step 4: Apply the Breakeven Formula
Breakeven point = 6000 / (120-50) = 85.7 (sessions per month
Step 5: Convert to Weekly Goals
If you operate 4 days a week, you need: Rounded up, this means you need 22 sessions per week to cover costs.
3. Adjusting Your Pricing and Expenses for Profitability
Once you know your breakeven point, you can make strategic decisions:
1. Increase Your Revenue Per Session
Raise prices slightly ($130 instead of $120 can make a big difference!).
Add small-group training (more clients per session, increasing revenue per hour).
Upsell additional services like online programs, telehealth, or assessments.
2. Reduce Fixed Costs
Negotiate lower rent or work from a shared space.
Minimize admin costs by using automated scheduling systems.
Optimize marketing strategies to rely on organic referrals instead of paid ads.
3. Reduce Variable Costs Per Session
Buy equipment in bulk to reduce per-unit cost.
Optimize session structures to require fewer consumables.
Reduce contractor reliance by scheduling clients more efficiently.
Conclusion & Next Steps
Calculate your personal breakeven point using your own costs and revenue.
Set realistic client booking goals based on this number.
Use your breakeven point to make strategic financial decisions (e.g., when to hire staff, increase pricing, or expand services).
By understanding and tracking your breakeven point, you’ll gain confidence in managing your finances and ensuring your exercise physiology business is both sustainable and profitable.