1. What is Business Growth Percentage?

Business Growth Percentage measures how much a business has grown over a period of time. It's calculated by comparing new and old values to show the percentage increase or decrease in business performance.

2. How Does the Calculator Work?

The calculator uses the growth percentage formula:

Where:

• \( New \) — Current business value in dollars ($)
• \( Old \) — Previous business value in dollars ($)

Explanation: This formula calculates the percentage change between two values, showing how much the business has grown or shrunk over time.

3. Importance of Growth Calculation

Details: Calculating growth percentage helps kids understand business performance, track progress toward goals, and make informed decisions about their ventures.

4. Using the Calculator

Tips: Enter both new and old values in dollars. Make sure the old value is greater than zero for accurate calculation.

5. Frequently Asked Questions (FAQ)

Q1: What does a negative growth percentage mean?
A: A negative percentage indicates that the business value has decreased compared to the previous period.

Q2: Can I use this for any type of business measurement?
A: Yes, this formula works for revenue, profit, customer count, or any other measurable business metric.

Q3: Why is growth percentage important for young entrepreneurs?
A: It helps kids track their business progress, set goals, and understand the impact of their business decisions.

Q4: What's considered good growth for a kid's business?
A: Any positive growth is good! Even small percentages show progress and learning.

Q5: How often should I calculate growth percentage?
A: Regular calculations (weekly, monthly) help track trends and make timely adjustments to business strategies.