Business & Economics · Week 1 of 36 · U.S. start-a-shop · HS elective (1.0) or 6–8 taster
What a U.S. business is
What you're learning
A U.S. business is a team that sells a legal product or service and tries to have money left after costs. Busy is not the same as profitable.
Worked example
- Name who is helped (the customer) and who pays (also the customer, unless a donor is in the story).
- Toy numbers: $10 in, $4 costs, $6 leftover. Leftover is profit only after you named the costs honestly.
- A hobby can look like a business until the IRS asks whether you intended to make a profit.
- Write one sentence: problem, offer, leftover.
Now you try
Explain a lemonade stand with $10 / $4 / $6 to a parent in 45 seconds.
Usual mistake
Calling 'lots of likes' a business.
U.S. real life
Every shop on a U.S. street is this arithmetic in public.
A U.S. business is a team that sells a legal product or service and tries to have money left after costs. Busy is not the same as profitable. What a U.S. business is.