Live Group Activity Go. Venture 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 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. B. C. D. E. 4 or more people say yes. 3 or more people say yes. 2 people say yes. 1 person says yes. No one says yes.
Who makes better music? A. B. C. D. Justin Timerlake Jessica Simpson Kevin Federline None of the above. Elvis rules!
How many people at your table play video games? A. B. C. D. E. Almost everyone says yes. 3 or more people say yes. 2 people say yes. 1 person says yes. No one says yes.
How many people at your table want to start their own businesses some day? A. B. C. D. E. Almost everyone says yes. 3 or more people say yes. 2 people say yes. 1 person says yes. No one says yes.
Go. Venture 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. B. C. D. E. F. Ice Cream Popcorn & Snacks Hot Dogs Clothing Jewelry Small Electronics
What should our Business Name be? A. B. C. D. E. F. Icy Ice Cream Snackelicious That’s Hot, Dogs Fashion Up Be Jeweled Electronicapalooza
Where should we locate today? A. B. C. D. E. Factory Business District Shopping District Park Arena
What hours should we work today? A. B. C. D. E. F. 9 am to 5 pm 7 am to 7 pm 10 am to 4 pm 11 am to 9 pm 12 pm to 3 pm Relax – take the day off!
What prices should we set? A. B. C. D. E. Keep them as they are. Raise them a bit. Raise them a lot. Lower them a bit. 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. B. C. D. No Yes, a low amount Yes, a medium amount Yes, a high amount
How many employees should we hire today? A. B. C. D. E. F. 0 1 of the cheapest 1 of the best 2 of the cheapest 2 of the best 3
What kind of advertising should we do? A. B. C. D. E. F. None Radio Newspaper Street Entertainer Two of the above All Three of the above
Open for Business! Watch the results unfold.
How well did we do? A. B. C. D. E. Great Good Satisfactory Poorly Really bad! Time to get a real job.
What did we do right? A. B. C. D. E. F. Location Schedule Prices Inventory Employees Advertising
A. B. C. D. E. F. G. Where did we go wrong? Location Schedule Prices Inventory Employees Advertising 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.
Go. Venture 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 Go. Venture Micro Business Simulation www. goventure. net
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