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Live Group Activity

Live Group Activity. GoVenture Micro Business Simulation www.goventure.net We will collectively run a business. When making decisions, majority rules. – One keypad at each table. Warm-up Questions.

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Live Group Activity

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  1. Live Group Activity GoVentureMicro Business Simulationwww.goventure.net We will collectively run a business. When making decisions, majority rules. – One keypad at each table.

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

  3. My favourite emoticon is: • :-) • ;-) • :-( • Emotiwhat?

  4. How many people at your table have a birthday in May? • 4 or more people say yes. • 3 or more people say yes. • 2 people say yes. • 1 person says yes. • No one says yes.

  5. Who makes better music? • Justin Timerlake • Jessica Simpson • Kevin Federline • None of the above. Elvis rules!

  6. How many people at your table play video games? • Almost everyone says yes. • 3 or more people say yes. • 2 people say yes. • 1 person says yes. • No one says yes.

  7. How many people at your table want to start their own businesses some day? • Almost everyone says yes. • 3 or more people say yes. • 2 people say yes. • 1 person says yes. • No one says yes.

  8. GoVenture Simulation We will open and operate a mobile cart business! We will make the business decisions together. Majority rules.

  9. What productsshould we sell? • Ice Cream • Popcorn & Snacks • Hot Dogs • Clothing • Jewelry • Small Electronics

  10. What should our Business Name be? • Icy Ice Cream • Snackelicious • That’s Hot, Dogs • Fashion Up • Be Jeweled • Electronicapalooza

  11. Where should we locate today? • Factory • Business District • Shopping District • Park • Arena

  12. What hours should we work today? • 9am to 5pm • 7am to 7pm • 10am to 4pm • 11am to 9pm • 12pm to 3pm • Relax – take the day off!

  13. What prices should we set? • Keep them as they are. • Raise them a bit. • Raise them a lot. • Lower them a bit. • Lower them a lot.

  14. How much inventory should we buy? • Buy as much as possible. • Buy as little as possible. • Buy somewhere in between.

  15. Should we invest in quality and appearance? • No • Yes, a low amount • Yes, a medium amount • Yes, a high amount

  16. How many employees should we hire today? • 0 • 1 of the cheapest • 1 of the best • 2 of the cheapest • 2 of the best • 3

  17. What kind of advertising should we do? • None • Radio • Newspaper • Street Entertainer • Two of the above • All Three of the above

  18. Open for Business! Watch the results unfold.

  19. How well did we do? • Great • Good • Satisfactory • Poorly • Really bad! Time to get a real job.

  20. What did we do right? • Location • Schedule • Prices • Inventory • Employees • Advertising

  21. Where did we go wrong? • Location • Schedule • Prices • Inventory • Employees • Advertising • Getting up out of bed this morning!

  22. Repeat again for next day! Back to Products slide.

  23. Wrap-up

  24. Running a business is … • Tougher than I thought! • Easier than I thought! • Pretty well what I thought.

  25. GoVenture makes me want to … • Learn more about business. • Run my own business. • Run screaming!

  26. What did you think of this session? • I love it! • I love it! • All of the above.

  27. Live Group Activity GoVentureMicro Business Simulationwww.goventure.net

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