"Awesome post! Your detailed explanation of costs for entrepreneurs is truly insightful. You've effectively highlighted the importance of understanding costs for business growth, profitability, and decision-making.

Your differentiation between costs and expenses, using Tesla as a real-case example, clarifies key concepts. Additionally, outlining benefits like improved profitability, enhanced budgeting, and competitive advantage demonstrates the significance of accurate cost determination.

Your step-by-step guide to determining business costs, including identifying direct and indirect costs, calculating COGS, and allocating overheads, provides valuable practical advice.