Suppose you run a lawn mowing business. You charge $15 per lawn, you can mow five lawns in an eight hour day, and you work five days a week. You currently have more people asking you to mow their lawns than you can satisfy so you are considering hiring someone to help. Your other option is to rent a riding lawn mower that will enable you to mow seven lawns each day. Your friend Jim, a good worker, will work for $8 per hour and will be able to mow five lawns in an eight hour day also. If you rent a riding mower, it will cost you $100 per week plus $25 for gas and oil. Required:
What is your best option? Explain why you believe this is your best choice.

Option 2

Explanation:

Option 1  If we hire someone to help

Revenue = $15/lawn x 5 lawns per day

Revenue = $75 x 7 days = $525

Total cost = Rate per hour x No. of lawns per day x No, of hours worked

Total cost = $8 x 5 x $8

Total cost = $320 x 7days = 2,240

Profit/Loss = $525- $2,240

Profit/loss = $1,715 loss

Option 2 If we rent a riding mower

Revenue = 7 lawns per day x $15/lawn x 7 days

Revenue = $735

Cost = $100 + $25 for gas and oi

Cost = $125

Profit/loss = $610

The best option would be Option 2 because Firstly it is very much low in cost and provides us a great revenue secondly, it also increases our work efficiency.

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!