Sachin's Post

Bikers Point Expense Blunder: Learn from My Mistake I could’ve avoided a 5 lakh loss if I had done this calculation earlier! 🤦‍♂️ At Bikerpoint.in, we introduced a new item: the fuel indicator light, selling a combo of 3 lights for just 100 rs, with each light costing us 10 rs! Sounds like a whopping 233% profit margin, right? 😱 But wait, here’s the twist: with 50 deliveries, 18% GST at 18 rs, a 5 rs box, and 3% payment gateway charges, our total expense shot up to 106 rs per product! That’s a loss of 6 rs per item, and a whopping 63 rs loss if it’s a COD order! 📉 With 1000 orders, it’s hard to decide whether to laugh or cry! 😅 Lesson learned: Always crunch the numbers before diving in! Follow for more blunder-free insights! #expensemanagement #learnfrommistakes #startuplesson #Entrepreneurship101 #businessowner #startupbusiness #ecommercedevelopment

• #startupbusiness
• #learnfrommistakes
• #ecommercedevelopment
• #Entrepreneurship101
• #startuplesson
• #businessowner
• #expensemanagement

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• 2.37% Eng. Rate

This post was published on 25th February, 2024 by Sachin on his Instagram handle "@dreamwithsachin (Sachin Yadav)". Sachin has total 4.7K followers on Instagram and has a total of 60 post.This post has received 49 Likes which are lower than the average likes that Sachin gets. Sachin receives an average engagement rate of 2.37% per post on Instagram. This post has received 7 comments which are greater than the average comments that Sachin gets. Overall the engagement rate for this post was lower than the average for the profile. #startupbusiness #learnfrommistakes #ecommercedevelopment #Entrepreneurship101 #startuplesson #businessowner #expensemanagement has been used frequently in this Post.