Profit the reward for taking risks in a private enterprise system

o Revenue (income from Sales)

o Expenses (costs of doing business)
o Profit (money left after paying expenses.
What effect does profit have on an individual business?
o More money to operate, incentive to be more efficient, improve the business, make a
better product
What impact does profit have on the economy?
o People are employed, employees pay taxes, communities benefit through donations and
projects
Risks of Doing Business
o Competition
o Economic Changes
o Government Regulations
o New Technologies
o Natural Disasters
o Lawsuits
Foundations
o Competition
o Profit
o Risks