How Much is That Going to Cost Anyway? Calculating Cost of Goods Sold

One of the realities of running a business is that you will — at some point — need to make money. This means you must sell something for more than it cost to make it. Profit = Total Revenue - Total Expenses So, to sell a service or feature (like a third-party API portal) at a profit, we need to understand how much it costs to make it, so we know how much to sell it for. [Read More]