Description: Students turn their idea into an actual product they can sell.
Intention: Students experience the full cycle from production to sales and learn to use revenue, costs and profit to evaluate their business. They reflect on their results and consider how profit can be used to support future growth.
This is the third Brick of a series of 3;
Part 1 – Plan the business
Part 2 – Price, market & prepare
Part 3 – Market, money & reflection
Before the lesson:
Set up
Sell
Students:
They also observe supply and demand:
Count the money
Calculate:
Total revenue = all money received
Then:
Gross profit = Total revenue − Total production costs
Class reflection
Discuss:
Then let the class vote on reinvesting it, saving it, or another agreed use.
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