Entrepreneur is a retail entrepreneurship simulation where students purchase and operate a retail clothing store. They must evaluate financing options at startup, make staffing, marketing, and inventory management decisions for up to twelve simulated quarters. Your students will work as a team to compete against other teams in class, growing sales and managing operations to maximize profits.
Company: Interpretive Simulations
Approximate price: $30-$50/user
Playtime: 16 * 45-60 minutes
Learning objectives: PLANNING & ANALYSIS Monitor business plan implementation Forecast product sales Calculate break-even point Analyze results and make adjustments STAFFING Project staffing requirements Decide on employee pay rates Identify employee retention factors Manage employee turnover MARKETING Understand the importance of marketing Set pricing for multiple products Calculate gross margin Project impact of promotion OPERATIONS MANAGEMENT Project purchasing needs Manage inventory Set shop hours Maximize customer satisfaction FINANCE Distinguish cash and accrual accounting Create and analyze income statement Create and analyze balance sheet Calculate return on an investment TEAMWORK Allocate responsibilities fairly Complete assigned tasks on time Communicate problems and plans Collaborate with other team members
Link to simulation home page: https://www.interpretive.com/business-simulations/entrepreneur/