Entrepreneurship

• Revenue


  Result when sales exceed the cost to produce goods or render services. Recognized when earned, whether paid in cash or charged to the account of customer.
• Other terms related to revenue


  • Sales
  • Service income
• Sales


  Used especially when the nature of business is merchandising or retailing
• Service income


  Used to record revenues earned by rendering services
• Factors to consider in forecasting revenues


  • The economic condition of the country
  • The competing businesses or competitors
  • Changes happening in the community
  • The internal aspect of the business
• Mark up


  The amount added to the cost to come up with the selling price
• Computing for selling price


  Selling price = Cost + Mark Up
• Projected Daily Revenue for Fit Mo'to Ready to Wear Online Selling Business
• Projected Monthly and Yearly Revenue for Fit Mo'to Ready to Wear Online Selling Business
• Important Assumptions


  • February to May: Increase of 5% from previous revenue
  • June: Increase of 10% from previous revenue
  • July to August: The same Revenue
  • September to October: Loss of 5% from previous revenue
  • November: Increase of 5% from previous revenue
  • December: Increase of 10% from previous revenue