Starting a business requires a lot of time and effort. To begin, you must have a unique and successful idea. In “The Tuttle Twins and their Spectacular Show Business,” Ethan and Emily had the goal of starting a theater in their hometown. They didn’t know how difficult it would be to even begin.
The twins’ grandmother generously gave them the capital to purchase all the essential equipment, including seating, lighting, and costumes, as well as employees. Even after buying all these necessities, they were still over budget because they needed to pay for permits and taxes. The kids also had to be cognizant of the price of their tickets, which had to be high enough to cover their costs and earn money, but also low enough to make sure it’s not too expensive. Value is important to customers.
“But our business might be over before it even starts. It’s not fair!” complained Ethan. “We’ll just have to figure out a solution,” Emily said. So the young entrepreneurs cut some items and convinced an ice cream shop to sponsor them. Businesses must make smart decisions.
Finally, the theater had its first performance. Soon after the show, a new theater started up and Ethan and Emily had to compete with them. The adults assured the twins that competition would only inspire them to become better.
To conclude, running a business is risky and far from easy, but if you’re successful and reach the bottom line, you can make a profit and have a little fun, too.