Revenue vs. Profit
Revenue or Profit? Do you know? One of Lemonade Day's critical lessons is the difference between revenue and profit.
Revenue is the total of all the money a company, person or business makes.
Expenses are all the costs related to your business, like ingredients, supplies, hidden costs and staff.
Profit is the difference between revenue and expenses. Meeting a financial goal requires that you plan to make enough to cover all expenses--and then the profit begins!
Remember to go to your city's website after Lemonade Day to fill out your Business Results Form--you may even be able to win some cool prizes!
![Revenue vs. Profit](/sites/default/files/inline-images/revenue.jpg)
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Revenue or Profit? Do you know? One of Lemonade Day's critical lessons is the difference between revenue and profit.
Revenue is the total of all the money a company, person or business makes.
Expenses are all the costs related to your business, like ingredients, supplies, hidden costs and staff.
Profit is the difference between revenue and expenses. Meeting a financial goal requires that you plan to make enough to cover all expenses--and then the profit begins!
Remember to go to your city's website after Lemonade Day to fill out your Business Results Form--you may even be able to win some cool prizes!
@LemonadeDayNational