2. The impact of profits and losses
●
on a business and its owners
3. FORECASTING PROFIT
It is important to forecast how much profit (or loss)
your company will make so that you can make
informed decisions about the future for another.
What informed decision may a sports shop make by
forecasting how much profit it will make.
4. Use the graph below to discuss the affect the difference
between the forecast and actual will have on the business.
5. ACTUAL PROFIT
What advice would you give a new business that is very
profitable, for the first 6 months that they were open?
Why.....
6. USING PROFIT
Profit usually makes us think of someone getting rich.
In fact, most profit is reinvested back into the company.
Can you think of what these investments include?
