Live Group Activity GoVenture Micro Business Simulation We will collectively run a business. When...

Live Group Activity

GoVenture Micro Business Simulationwww.goventure.net

We will collectively run a business.

When making decisions, majority rules. – One keypad at each table.

Warm-up Questions

Each table discuss your answers together. Keypad holder enters the collective answer – if you can’t agree, majority rules.

My favourite emoticon is:

A. :-)

B. ;-)

C. :-(

D. Emotiwhat?

How many people at your table have a birthday in May?

A. 4 or more people say yes.

B. 3 or more people say yes.

C. 2 people say yes.

D. 1 person says yes.

E. No one says yes.

Who makes better music?

A. Justin Timerlake

B. Jessica Simpson

C. Kevin Federline

D. None of the above. Elvis rules!

How many people at your table play video

games?A. Almost everyone says yes.

B. 3 or more people say yes.

C. 2 people say yes.

D. 1 person says yes.

E. No one says yes.

How many people at your table want to start their own

businesses some day?

A. Almost everyone says yes.

B. 3 or more people say yes.

C. 2 people say yes.

D. 1 person says yes.

E. No one says yes.

GoVenture Simulation

We will open and operate a mobile cart business!

We will make the business decisions together.

Majority rules.

What products should we sell?

A. Ice Cream

B. Popcorn & Snacks

C. Hot Dogs

D. Clothing

E. Jewelry

F. Small Electronics

What should our Business Name be?

A. Icy Ice Cream

B. Snackelicious

C. That’s Hot, Dogs

D. Fashion Up

E. Be Jeweled

F. Electronicapalooza

Where should we locate today?

A. Factory

B. Business District

C. Shopping District

D. Park

E. Arena

What hours should we work today?

A. 9am to 5pm

B. 7am to 7pm

C. 10am to 4pm

D. 11am to 9pm

E. 12pm to 3pm

F. Relax – take the day off!

What prices should we set?

A. Keep them as they are.

B. Raise them a bit.

C. Raise them a lot.

D. Lower them a bit.

E. Lower them a lot.

How much inventory should we buy?

A. Buy as much as possible.

B. Buy as little as possible.

C. Buy somewhere in between.

Should we invest in quality and appearance?

A. No

B. Yes, a low amount

C. Yes, a medium amount

D. Yes, a high amount

How many employees should we hire today?

A. 0

B. 1 of the cheapest

C. 1 of the best

D. 2 of the cheapest

E. 2 of the best

F. 3

What kind of advertising should we do?

A. None

B. Radio

C. Newspaper

D. Street Entertainer

E. Two of the above

F. All Three of the above

Open for Business!

Watch the results unfold.

How well did we do?

A. Great

B. Good

C. Satisfactory

D. Poorly

E. Really bad! Time to get a real job.

What did we do right?

A. Location

B. Schedule

C. Prices

D. Inventory

E. Employees

F. Advertising

Where did we go wrong?

A. LocationB. Schedule C. PricesD. InventoryE. EmployeesF. Advertising G. Getting up out of bed this

morning!

Repeat again for next day!

Back to Products slide.

Wrap-up

Running a business is …

A. Tougher than I thought!

B. Easier than I thought!

C. Pretty well what I thought.

GoVenture makes me want to …

A. Learn more about business.

B. Run my own business.

C. Run screaming!

What did you think of this session?

A. I love it!

B. I love it!

C. All of the above.

Live Group Activity

GoVenture Micro Business Simulationwww.goventure.net