Entrepreneurship & Business
📋 What it is
A business earns profit when revenue (money in) exceeds costs (money out).
🗣️ Coach says
A business sells something for more than it costs to make. Profit = revenue − costs. If a lemonade cup costs 30¢ to make and sells for $1, the profit is 70¢. Understanding this gap is the core of any business.
🧠 Memory hook
Profit = Revenue − Costs. Sell for more than it costs you to make.
😂 Giggle
What did the credit card say to the cash?
"I can buy anything you can — I just pay for it later!"
😲 Whoa!
Many huge companies started as a kid's small idea — the profit maths is identical whether you sell lemonade or software.
✅ Quick check: A cup of lemonade costs 30¢ to make and sells for $1. What is the profit per cup?
Say your answer out loud first — then reveal.
70¢ — $1 minus 30¢.
Profit is the selling price minus the cost to make it.
🧪 Try it! (2 minutes)
Invent a tiny business, estimate its cost per item and price, and find the profit.