Are you struggling to make sense of financial terms like revenue, costs, and profit? Do you want to understand how these terms apply to real-life business scenarios? If so, this interactive video is for you!

Using the example of Hidden Depths Diving, a new scuba diving business started by Josh in Cornwall, this video explains key financial terms essential for understanding the financial health of a business. From defining revenue, costs, profit, assets, and liabilities to exploring the various types of costs incurred by a business, including start-up costs, operating costs, fixed costs, and variable costs, this video will help you understand how these concepts impact a business's profitability.

By the end of the video, you'll also learn about other important concepts such as the break-even point and margin of safety. So get ready to gain a solid understanding of these essential financial terms and feel more confident in your ability to understand the financial health of a business!