Business Finances
📋 What it is
A business tracks money coming in (revenue) and going out (costs); profit is what’s left, and you must know both.
🗣️ Coach says
Money in a business has a simple shape: revenue comes IN, costs go OUT, and profit is what’s left. A business can be busy and still LOSE money if costs beat revenue. Knowing your numbers is how you stay alive.
🧠 Memory hook
Revenue IN – costs OUT = profit. Know your numbers.
😂 Giggle
What do you call a business that sells boomerangs?
A company with great returns!
😲 Whoa!
A business can have lots of sales and STILL go broke if its costs are even higher — that’s why tracking money matters.
✅ Quick check: A business is selling a lot but still losing money. How is that possible?
Say your answer out loud first — then reveal.
Its costs are higher than its revenue — lots of sales don’t help if each one costs more than it brings in. Profit = revenue minus costs.
Revenue-minus-costs is the make-or-break financial idea.
🧪 Try it! (2 minutes)
Imagine selling 10 items at $2 each; if each costs $1.50 to make, work out your profit.