Distinguish revenue, expenses, profit and cash flow using simple examples. Identify the figures you need to track to understand business performance.

Separate direct costs, overheads, one-time expenses and recurring costs. Build a basic costing sheet that includes materials, time, delivery and other relevant expenses.

Compare cost-based, market-based and value-informed pricing approaches. Explore the difference between margin and markup, and test how discounts affect your numbers.

Use fixed and variable costs to estimate a break-even point. Compare different sales volumes and prices to identify the assumptions that matter most.

Prepare a simple budget and map expected money coming in and going out. Consider payment timing, seasonal changes and a buffer for uncertain expenses.

Organise an income-and-expense tracker and set a regular review schedule. Turn your calculations into a short action plan for testing prices and monitoring progress.