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[Music] hi everyone have you ever needed to make a decision in your business to see whether the cost of something outweighs the benefits of something or if youre going to get enough benefits out of something to justify the cost well one of the best ways to look at that is with cost benefit analysis and thats where we take all the costs of a project or buying product or stock for our business and we weigh that against all the sales or the benefits that well get out of that project all those products all those things that you will sell and when we weigh those together we get a nice little ratio that says we have a cost to benefit ratio of one two you know to three or one to ten maybe weve got 10 times the benefit and thats really really good or maybe its the other way around maybe weve got more costs than we have benefits and thats really good to know as well so this excel spreadsheet does all of the calculations for you automatically weve got this beautiful little formula here
