1. 2 step 1 = choose your business! 3 you will need to make some decisions about how you will...
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Step 1 = Choose your business!
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You will need to make some decisions about how you will finance your
business…see the next slides for more information BEFORE making this
important decision.
Step 2 =
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Your Options for Financing:
1.) Use your own money: If you are lucky enough to have the money it takes to start up a business, you may decide you want to use it.
Here are some of the pros and cons when you start a business with your own money.
Pros: You will not have share your profits with anyone.Cons: If you are not successful you will lose your money.
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2.) Get a Bank Loan: If you chose to get a bank loan, it is going to cost you. The $4,500 is not free. You will have to pay the money back.
Here is an example of what it will cost you:Principal loan: $4,500Interest charged $819Total loan amount $5,319
This means that you will have to pay the original loan plus the money that the bank makes from giving you their money to use for a period of time. The money that the bank makes on this loan is usually calculated by an interest rate. Depending upon many factors that interest rate can vary.
Pros: The benefit of using the banks money is that you won't lose any of your money. You are establishing credit with the bank for future business plans. Cons: You will have to take a portion of your profit and give it to the bank for taking out the loan.
Your Options for Financing, cont.:
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Step 3 = Give your business a name!
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Step 4 = PLAY!
Have fun going through the days running your business! Keep in mind you will need to keep track
of your progress at the end of each week. Practice taking a screen shot or two BEFORE
playing so that you are ready!
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Continue reading OR refer to the next slides later in your game for some other
helpful tips on how the game is played!
Need more?
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Business
Marketing
Information
Customers
Stations
Competitors
Research and Development(shows up later in the game)
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Choose from four different types of marketing/advertising campaigns!
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This tab allows you to view the current and previous news events.
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This tab explains how to earn biz points, and shows how you’ve earned current biz points.
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This tab shows the current needs of the customers.
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This tab allows you to view the number of customers you have served.
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This tab shows how many customers you have lost because you failed to serve them.
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This tab shows each station available and the cost to rent it.
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This tab shows which stations you are currently renting and offers to switch to a station that is in demand.
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This tab displays the current price customers are paying for services and allows you to adjust your prices.
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This tab allows you to see what stations you are currently operating.
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If you click on the station during the game you can see a log of customer activity as well as costs, earnings, and net balance for each station you choose.
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See how you rate with the other businesses in town.
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By doing research and development you can create new types of stations for use in your business
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•Check your buttons regularly to keep up with your customers’ changing needs.
•Time stops any time you select a button.
•Change stations as often as you need to keep up with current demands.
•Watch and listen to news flashes and respond to them as needed.
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Advertising
Customer Service
E-Commerce
Entrepreneur
Fashion Merchandising
Financial Services
Food Marketing
Hospitality Marketing
Importing/Exporting
International Marketing
Marketing Research
Product Management
Professional Sales
Public Relations
Real Estate
Restaurant Management
Sales Management
Service Marketing
Sports Marketing
Travel/Tourism Marketing