Understanding the Game:
You're the owner of a basketball team. The money your team makes from ticket sales, broadcasting rights, merchandise, and sponsorships is like the team's "revenue." Revenue Growth is how much this income increases over time.
Revenue: It's like the total points your team scores in a season. Just as points are crucial in a game, revenue is vital for your team's financial success.
Growth: Let's say last season, your team made $1 million. This season, through more ticket sales and better sponsorship deals, you make $1.2 million. This increase from $1 million to $1.2 million is your revenue growth.
Measuring Revenue Growth: You compare the revenue from one season to the next. If the money coming in from all sources (tickets, merchandise, etc.) increases, your team is experiencing revenue growth.
In business, just like in sports, consistent growth in revenue is a good sign. It shows that the company (or your basketball team) is becoming more popular, attracting more customers, or selling more products. It's like your team gaining more fans and winning more games, leading to more ticket sales. Revenue growth can be a sign of a healthy, expanding company or team.