Level 3 · ages 13–15OECD FLEarn
Teen small-business basics
🎯 Goal: Understand a small business needs: an idea solving a need, costs, a price, and profit = revenue − costs.
A small business starts from an idea solving a need. Know the cost to make, the price, and profit = revenue − cost.
Let’s explore
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A good idea = solving a real need (baking, drawing cards, fixing things).
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Profit = Revenue − Cost. Sell 10 drinks at 5,000d (cost 2,000d each) → profit 30,000d.
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You must let people know (promote) and serve well to sell.
Practice activity
✏️ Think of a small business idea and compute: sell 10 items, cost 2,000d each, price 5,000d — profit?
Worked example: Idea: make 10 lemonades for a fair. Cost 2,000d × 10 = 20,000d. Revenue 5,000d × 10 = 50,000d. Profit = 50,000 − 20,000 = 30,000d.
Quick quiz
1. Profit is calculated by?
→ Revenue − Cost
2. Sell 10 drinks at 5,000d, revenue?
→ 50,000d
3. Cost 2,000d × 10 drinks = ?
→ 20,000d
4. Revenue 50,000d, cost 20,000d → profit?
→ 30,000d
5. A good business idea usually?
→ Solves a real need
🎯 Real-life mission
Think of a small product or service idea and who would buy it.
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