This programme focuses on the impact Costing and Pricing has on the business performance and profitability margins. We empower participants with the confidence to review costs and prices. Along with enabling them to discuss related issues with their accountants and finance departments. Participants will develop their own Costing and Pricing Plan which sets out a path to improved performance.

The Pricing, Cost Margins and Profitability programme is geared towards business owners, management and to all relevant personnel  who have a role within the pricing, costing and financial aspect of the business.

The key outcomes of the Costing and Pricing Workshop will be: –

– Business Owners and Management teams with a significantly improved understanding of Costing and Pricing and how it impacts their business performance.
– Business Owners and Managers will be more confident in reviewing costs and prices and discussing related issues with their accountants.
– Participants will have an improved understanding of how pricing decisions impact on performance.
– Businesses will have a Costing and Pricing Plan which sets out a path to improved performance.

The key output will be a bespoke plan focused on improving the performance of the business by better management of costing and pricing.

The Programme can be delivered using a mix of methods which have been tried and tested by the delivery team over the past ten years. These include:

1. Delivery via Zoom or another suitable platform. Optimum Results Ltd has developed the capability to deliver highly effective training interventions and have been able to use the full functionality of Zoom/ Microsoft Teams to enhance the experience for Participants. Confidentiality can be maintained using individual Breakout Rooms where Participants can talk on a one-to-one basis with the Trainer as required
2. On-site Delivery at your business premises or at our state-of-the-art training rooms

3 x half day sessions

We have included an outline of the syllabus:

• Appreciating the importance if knowing your costs and setting the right price
• The implications of getting your costing and pricing wrong.
• Pricing strategies for SME’s
• The importance of pricing in improving business performance
• Approaches to costing for service and manufacturing businesses
• Factors that make up your costs including hidden costs
• How to establish your costs
• Dealing with changing costs (Exchange Rates, Tariffs, Cost increases)
• Costing and Pricing action plan