Video Worksheet 10 Will Your Idea Generate Revenue
6/01/23
Video Worksheet 10: Will Your Idea Generate Revenue? Name:____________________________
Objective: In what ways will you generate revenue for your product or service?
A business must have financial viability to succeed. Businesses generally measure success in terms of revenue and profit. There are multiple ways to generate revenue from a product or service. Non-profits measure their success by demonstrating that their ideas are having the desired positive impact on society.
Innovators usually benefit financially from their ideas and are motivated by seeing the value that they bring to other people.
Vocabulary:
Revenue–The money that comes into your business.
Profit–Financial gain after operating expenses are paid.
Financial Viability–Refers to an organization’s ability to generate sufficient income to meet operating expenses, debt payments and allow growth if needed
Non-profit–A business that furthers a social cause and provides a public benefit and are granted tax exempt status by the Internal Revenue Service IRS
After-watching debrief:
1. Several examples of ways to generate revenue for a product or service are listed in the table below. Write an example from the video or from your life that matches that type of revenue stream.
2. How do non-profits generate revenues to achieve financial viability when their customers or beneficiaries do not pay?
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