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GoVenture Food Truck Business Simulator Game, Mobile Truck Simulation, Tutorial Video



THIS GAME HAS BEEN REPLACED WITH A NEW GAME, CLICK PRODUCTS TAB ABOVE


welcome to the go venture food truck

tutorial video go venture food truck is


a fun educational simulation that

introduces you to the experience of


running your own business and optionally

practice accounting it's the perfect


first step to learn the basics of

business and entrepreneurship let's


watch how it's played click the play

button and then we'll read a little bit


about what the game is about and then

we'll continue and a special note is


that anything that is in the simulation

that is colored orange is clickable for


example if you have a number selector

like this one here you can click the


plus and minus buttons to adjust the

number or you can click and drag the


slider if you have a drop down or

there's a selection of items to choose


from you can click on the down arrow or

any part of the drop down and then click


the item that you want to choose and

then we have text boxes where you can


type click inside the text box and then

type any text that you want and you can


use the handle to drag up and down or

click the up and down arrows and of


course buttons are orange as well as you

see here with the ok button so let's go


ahead and continue

so with go venture food-truck you have


the choice of starting a food truck

business or a mobile cart business and


you can choose to do all the startup

decisions yourself as you see here we


have six startup decisions your profile

products business name and logo seed


financing business plan and accounting

these are all setup decisions that you


can make or you can choose what we call

a quick start a quick start let's click


on that here in the phone a quick start

is a pre-existing business that already


has the setup decisions made and what

you can do here is you can see the


individual quick starts that are

available so we have Quick Start number


one which an ice-cream business if you

don't like that one you can choose the


next one or the one after that so

there's about five or six different


QuickStart scenarios included and if you

want to choose a quick start just choose


the one that you want to start and then

enter your name and you can proceed with


that quick start

but we're going to go back to the


startup decision screen and actually

make our own startup decisions instead


of using a QuickStart another important

thing to note is if we've already been


playing the simulation and we want to

resume the simulation that we've been


playing we can use the resume business

button now the resume business button is


usually is primarily used if you have

the locally installed version of


co-venture food-truck in other words if

the program is installed on your local


hard drive or a school network drive or

organization drive then you would use


the resume business to choose your save

file and continue from where you left


off yeah and the last time you saved if

you're using the online version of go


venture food-truck you normally do not

have to choose the resume button because


the simulation will automatically save

and automatically resume on its own so


as soon as you log in and play it will

continue from where you last left off


and then there's also help button which

gives you access to a built in user


guide as well and you can adjust the the

sound level using this button here or


quit the simulation completely so let's

get back to setting up our business so


we'll choose our profile and we can

enter our n8 let's go ahead and enter my


name Matthew so that's my name and

that's that's important because if my


instructor is assessing my performance

having my name attached will make it


possible for them to know who I am

we can add a photo here so we have a


photo of ourselves we can click the

choose button and then it'll bring up a


window where we can find the file in our

computer and and then choose that file


and it will appear here

the third option we have here is to do


our personal objectives so if you're

starting a business there may be some


personal reasons why you want to start a

business and you can use this as a nice


guide to document what those reasons are

so my personal profile is and then you


can type whatever you want to type in

here and you can enter your financial


goal

you know what kind of stress levels are


you gonna work really hard or you can

try to take it easy how much time just


expect to spend on your business so

again it's just outlining what are your


personal goals what are you trying to

achieve personally from starting your


own business and this is again is

optional it doesn't really affect the


simulation but this is something that an

instructor might want students to


complete so we'll click OK here then we

have to choose our products so there are


six types of products that weakens we

can sell so we can have a food truck and


you actually you can see them here in

this drop-down or I can use this these


buttons to cycle through them so let's

use this so our first option is an


ice-cream food truck and you can see

there's an icon of a food truck and then


the products photo here we can do

popcorn and snacks hotdogs and those


first three were all food trucks now

you'll see in this case we have clothing


clothing is a mobile cart so instead of

a full food truck it's a mobile cart and


so we have clothing we have jewelry and

we have small electronics now just a


note it doesn't really matter which type

of product you choose and whether it has


a food truck or a mobile cart the the

simulation will play the same there are


some differences of course for example

with a small electronics the price of


the products tend to be a little bit

higher and you may not sell as much as


compared to maybe ice cream or hot dogs

where you know ice cream or hot dog may


be a few dollars and you expect to sell

a lot of them whereas some small


electronics would be quite a bit more

expensive than that and you just


wouldn't sell as much so it's higher

price lower volume with some products


and others are lower pipe lower price

higher volume but but in terms of


whether it's a food truck or a mobile

cart it doesn't make a lot of difference


in to the in the simulation itself so

let's go ahead and choose popcorn and


snacks and so the next we have our

business name and logo so here we can


enter the name of a business so it's the

let's consider some type of name that


fits what with what we're selling so

we'll go poppy poppy corn that's what


we're gonna name our business and then

we can choose a logo so there's a number


of logos to choose from and I can cycle

through them by clicking the buttons


here or I can add my own so if I've

designed my own logo again I can bring


up a window choose the graphic file

which could be a jpg a PNG a gif file


and then add that to their game and then

we have our advisor so our advisor it


will appear in our smartphone here that

you see here are virtual smart phone and


we can call our advisor for advice along

the way and we can choose different


advisors they're generally going to give

you the same advice but you can just


choose someone that you're most

comfortable with


click ok so we're halfway there now the

next we have to do our seed financing so


seed financing is the money that you

need to start your business and the


money that you need to operate your

business that's all together it's called


your seat financing and on the left hand

side here we can see that we have a


thousand dollars in personal savings

that we're going to use but we need nine


thousand dollars in addition to the one

thousand in order to start and operate


our business and so the total seed

financing that we need is ten thousand


dollars now this this this and this

number comes from our startup costs and


our working capital so if we look at a

start-up cost it shows us how much our


truck or cart is going to cost and

equipment permits assign insurance so


the total startup costs are five

thousand nine hundred and fifty dollars


in this case working capital is the

amount of money and run of cash that we


want to have after we've paid for our

startup cost it's an amount of cash that


we want to have available to us so that

we can use it to buy inventory or hire


and pay our employees do some marketing

and advertising and so on so we need we


need more money than just the initial

startup cost we need that working


capital as well so the total is ten

thousand dollars now take note that the


truck or cart only costs $3,000 and of

course in the real world a truck it's


going to cost a lot more than $3,000 a

cart you could get away with 3000 but


cart truck is going to cost a lot more

and this is purposely kept low in order


to make the game a little bit faster a

little bit more engaging because if the


numbers were too high might take too

long to become profitable and in make


the experience interesting for

participants so so the numbers kept


pretty low and again it doesn't matter

whether you choose a truck or cart your


startup costs are going to be the same

so the decision we need to make here is


how we're going to get this seed

financing and we have two choices we


have debt or equity so debt is basically

borrowing the money from a bank or an


investor or friends and family so that

is debt and we would repay that debt


with 10% interest the other option is

equity equities when you sell a


percentage of ownership in your business

and in the case of this example here


$9,000 equity we would sell 20% of our

business and once some of the owns a


part of your business you're obligated

to share a percentage of those profits


of you know that come from your business

so you don't really pay it back


monthly like you would a regular loan

instead you pay it through the sharing


of profits now there's some other

complexities there but in this


simulation it's it's kept pretty basic

in terms of profits so I'm gonna choose


death financing and again if I'm not

sure of any of these decisions there's


always the Help button that's available

here on the smartphone that can give us


some more information about the decision

we have to make so let's click OK next


is our business plan so we have a simple

one-page business plan here so this is a


basic structure of a business plan the

executive summary which summarizes the


entire business plan we have the

opportunity that we're pursuing the


market the products and services that

we're gonna sell a bit about our company


a nurse and ourselves as the

entrepreneurs and the financial


projections of what kind of money do we

expect the business could cost how much


money to expect the business to make and

so on so this allows us to type a


one-page a very simple business plan so

basically we just click on here and


we would type you know there is a good

opportunity to sell popcorn and snacks


in my city and then I can complete the

rest of the business plan again this is


optional but this may be required by an

instructor for you to complete this and


again if you need help with the business

plan click on the Help button and you


can find out more and you can also print

if you just want to print the business


plan itself and we go the print option

is also available in the personal


profile as well so now our final

decision is accounting so government


your food truck has a you really unique

feature that allows for manual


accounting so we have automatic

accounting or manual accounting so the


first time you play the program you're

probably going to want to use automatic


accounting so that basically means all

the accounting financial transactions


are handled automatically by the

simulation makes the game a little bit


more fun makes it go faster as well if

you're learning accounting specifically


things like debits and credits you will

want to set it a manual accounting and a


manual accounting what happens is every

time you incur a financial transaction


an accounting window will bring one up

here for you see an accounting window


will pop up and you are required to make

your double entry accounting so for


example you would choose the account to

debit and the account to credit and


sometimes it could be more than than two

accounts now if you haven't studied


accounting this may not make a lot of

sense but if you're studying accounting


you'll understand how to make these

transactions when you buy inventory when


you hire employees when you purchase

marking services and advertising


services again you'll be posed with this

accounting window and you have to post


the transaction immediately you will not

be able to continue the simulation until


you post the correct transaction now if

you're stuck on what to do you'll see


that there are hit buttons and a show

answer button so a hint button will just


give you a hint it won't actually give

full answer and then a show answer will


actually give you the answer now what's

important to know it is every time you


use the hint or the show answer buttons

it will be recorded in your performance


report so if you are being graded on

your work with the simulation you'll


probably you know want to minimize use

of the hint and show answer buttons you


don't want to use them very much if at

all because it could affect your grade


but the reason they're there is because

you cannot continue the simulation


unless you make the correct entries and

so you know we want to make sure that


you can continue to play the simulation

if you're stuck on any particular post


now again this is completely optional it

only happens if you set the simulation


to manual accounting so most cases again

if you're just playing this for basic


business information based business

experience as opposed to accounting


you'll choose the automatic accounting

option the other option is the


financials so financials would refer to

the in this case the balance sheet and


the income statement approach sometimes

called the profit and loss statement so


in go mentor food-truck you can hide

these financials so with automatic


accounting and also manual accounting

the simulation is automatically building


a number of financial reports including

balance sheets income statements cash


flow it's automatically being done by

the simulation and you can view those


reports however if you're using the

simulation to learn accounting your


instructor may require you to build your

own financial statements such as balance


sheet and income statement or profit and

loss statement and in that case the


instructor may may guide you to hide the

financials so that you can actually


build them yourself using a spreadsheet

or some other method that your


instructor may choose and so that's the

option of hiding financials so again


normally you're going to have the

financials on with show and the


accounting on automatic so let's click

OK alright so now we've we've got our


startup ready to go and you'll see now

that have made all six decisions a new


button has appeared here that says

launch startup so let's click on launch


startup

there we go so our startup is now


launched and you'll see here that

there's a tutorial and the tutorial we


can click the next button to continue

through the tutorial and it'll show us


the various screens but and I'd

recommend that you do that but in this


case I'm here to show you this so I'm

just gonna quit out of the tour for the


moment so now what we're looking at is

the main interface of the simulation so


we still have our virtual smart phone

here but along the bottom is how we


navigate this simulation so you'll see

there's there's buttons for market


scheduled products employees advertising

reports and open for business and then


settings to do list performance and help

so let's review all these buttons so the


to-do list is a helpful action list that

you can review that explains to you what


you should be doing every day of the

simulation and it explains all the key


decisions that you're seeing at the

bottom here because each one of these


buttons allows us to make a decision to

both the business like our employees or


products and the to-do list will explain

those decisions in some detail let's go


ahead and we can leave that open as we

play the simulation but let's hide it


for now

again the Help button that brings up the


user guide is available here and then

we'll visit these other two buttons a


little bit later so the premise of the

simulation is as I'm running a food


truck in this case and I'm selling

popcorn and snacks and I every day of


this of this simulation I have to make

the five decisions that are numbered one


through five at the bottom of the screen

one two three four five I actually don't


have to make them in that order but it

does help to make them in that


particular order once I've made the five

decisions for the day so normally the


simulations is starting at the early in

the morning on the current day and I


would make those five decisions in the

morning for that particular day and then


I'm going to open for business using

this green button here before I do that


let's take a look at our spiritual

smartphone so the simulation runs in


days virtual business days so you can

see in the case of the simulation right


now it says it's Monday again this is a

virtual virtual date not


the real day Monday day 1 year 1 the

name of my business is poppy corn you


may remember that we set that at the

beginning and it's a food truck selling


popcorn and snacks and I have $4,000 in

cash so remember our seed financing we


had money that needed to be used to

purchase our truck and our signage and


our insurance and so on that's all

subtracted from our seed money and this


is the working capital that we have

available we'll see our sales for today


which we haven't started our day yet so

there's no sales as of yet we have our


market share so if we were in an area

with a competitor then we may end up


splitting the customers and we can see

how much what share of the market of


what share of the customers that I won

versus my competitors I can I'll be able


to see customer satisfaction which means

how happy customers are with my products


and my pricing and my service right now

this is empty because I have not yet


started my business so I haven't had one

day in business yet stress stress keeps


track of how much time we're working and

how much time we're spending on personal


life personal activities so if we're

working too much you'll see our stress


meter will start to go up now there's no

direct consequence of stress it's not


going to cause you anything negative in

this simulation directly but you may be


assessed on work/life balance and and

moderate stress by your instructor so


you'll want to make sure to understand

how you're being assessed or graded with


the simulation you may recall and

startup we also had to select our


advisor and we selected this person here

and at any time we can call our advisor


by clicking the call button and she'll

give us advice on the particular screen


that we're on right now so right now

we're on the market screen so if I call


my advisor now she'll give us

information about the market if I was on


the employee screen she would give us

information about hiring employees and


we can switch our advisor just by

clicking the button now here finally we


have these these grayed out icons that

are a little bit hard to see right now


these are achievements that you can earn

so I can click on any one of these and


it'll bring up the chief

window and so I can earn up to five


different achievements based on things

like sales or location or inventory and


so on so just for fun I may want to try

to earn all of these achievements while


I run my business now of course the

ultimate goal of running my business is


to make sales sell products and sell

them at a profit so I can generate as


much profit as possible in my business

that is the ultimate objective now of


course while I'm doing that I'll also

want to keep my customers happy and so


on and and those are kind of secondary

objectives so right now we're on the


market screen and we can choose where we

want to locate our truck for the day so


there's actually five different

locations in the city so you can see the


blue truck is us and these are computer

competitors so they're not human


competitors or computer competitors that

we we we fight for business from them so


we can go to right now we're in the

factory I can move my truck to the


business district now right now the

Green competitor is in the business


district so if I choose to come here I

will actually compete for customers with


the green truck so I might not want to

do that maybe I want to go to the


shopping district instead or the park or

the arena and again arena I can see that


the red truck is there so I'd be

competing with with the red truck or


back to the factory which is where I

started now every time I'm gonna move my


truck for the day there's gonna be a

cost associated with that now just by


moving and in the morning here just by

playing around there's no cost there but


if I decide to move from one location to

a different location that I was at the


previous day then there'll be a charge

associated with that a cost associate


with it now before I make my decision

what I should do is I should look at the


news I should understand the weather and

if there is anything interesting


happening in the city today so I'm gonna

click on View which will give me a


little bit more detail than what I see

here with this news newspaper so first


let's look at the weather so I can see

the weather is going to be cold and


cloudy today that's the forecast

keep in mind the weather forecast isn't


always accurate we never we never know

for sure if the you know what the


weather is going to be but the forecast

is usually accurate but not always and


the next day it's going to be cold and

snowy so since it's going to be cold and


cloudy that's probably not a great day

for the park so I'm not gonna go I'm not


gonna go to the park now I can see

there's a headline here there is a new


business tenant in the business district

and they're gonna have a ribbon-cutting


so that it might actually attract some

extra traffic to the city of the


business district so that's kind of

interesting for me to consider I can


also review the traffic patterns of the

different areas so for example in a


factory district most of the traffic is

between 8 a.m. to 6 p.m. because that's


what people are showing up and doing

their work in the factory district and


then they're going home and there's peak

traffic times for example in the morning


where people are arriving in the

afternoon or maybe they have a break for


lunch and then at the end of the day

when they're heading home so you'll see


the traffic patterns are very different

the arena for example is where there


might be a sporting event or some other

type of entertainment event at the arena


and usually those events last for a few

hours so there's often a very heavy dose


of traffic before and after and

sometimes during those events so you


might get a lot more traffic in a

shorter period of time than you might in


other parts of the city and then I can

read more about each of the locations by


clicking the buttons down here so oh and

by the way I can also review my


competitor information and see what

their average price are of their


products so if I start seeing that you

know my my customers may be commenting


about our price being too high or too

low I can see how I compare with my


competitors but keep in mind there's

also quality and appearance so your


customers aren't just commenting on the

price of the product they're also


commenting on the quality of the product

and the appearance of your food truck or


your mobile card all right so let's go

back so let's I'm going to choose to


stay in the factory district today

because I don't want to go head-to-head


with the other competitors at the moment

by the way the competitors come


can move as well so we may think they're

gonna stay where they are and usually


they do but sometimes they will move by

surprise then I'm going to set my work


schedule so remember in the news we were

reading that the primary traffic times


for the factory are a a.m. to 5:00 p.m.

so that's what I'm gonna work in fact


I'm gonna stay an extra hour that's 10

hour day so it's a pretty long day but


that's not unusual for an entrepreneur

if so I can add hours by clicking the


button to add hours to my day or I can

move the hours over so using these


buttons here you can kind of control

exactly the times that you want to work


you can also choose to take the day off

so if you find that your stress levels


going up what you want to do is reduce

your hours so instead of working eight


or ten hours you might want to work

three four or five for the day or you


could take the entire day off now of

course when you take the day off you're


not working so you're not making any

money so that's something you have to


consider because you will not be able to

earn as much profit if you're not


spending time working so you have to

figure out what that proper balance is


now here we are on the product screen

this is where we price our products


and/or our inventory so on the left hand

side here in this box is our three


products that we're selling so we have

popcorn nuts and beverages and these are


the prices that I've set for my products

and I can adjust the prices by clicking


the plus button to increase them or the

minus button to decrease the prices for


and again this is at the beginning of

the day this is the morning of the


current day so these are the prices that

will apply once we open for business


today and I'll be able to change them

every every day that I want and over


here is our inventory box now here we

can see that we have no inventory so we


have no beverages no oil for making the

popcorn no popcorn itself no no popcorn


boxes and the popping corn and so with

no inventory I can't actually sell


anything so I want to make sure I buy

inventory so let's go ahead and purchase


some inventory so I can choose different

quantities to purchase and the higher


the quantity I purchase the

less expensive the per item of that item


is so it makes sense to order more but

at the same time it ties up my money


because I remember I only have a certain

amount of cash available to me and if I


have items for too long sometimes items

will expire and so I can kind of roll


over the little help button here let

explain the expiration process here so


let's let's go ahead and order 120 well

let's just do 60 drinks for now we'll do


the middle choices for everything just

for simplicity to get started so now


I've selected what I want to order

notice there's a twenty dollar shipping


cost associated with that so the total

cost is going to be 180 $8 so let's


click buy so I have to click buy in

order for this these products to be


purchased so let's do that there we go

so we've clicked purchase and now you


can see that we actually have a quantity

of products and the products will expire


after a certain period of time so again

we order too much they might end up


expiring now sometimes if I try to order

too much yeah it won't fit in my truck


or my mobile cart and so in that

instance I actually have to rent a


trailer and you can see here there's a

little trailer visible and I could click


the button here which will rent the

trailer for the day which will cost me


$25 well in my case I'd actually don't I

didn't order so much inventory so it


actually fits in my truck I actually do

not need a trailer I'll know if I need a


trailer because when I go to buy my

products it'll actually pop up with a


warning telling me that it cannot make

the purchase because I don't have enough


storage capacity in that case I would

turn on the trailer and then try to buy


again and the purchase will go through

the last decision I need to make here is


the quality of my products and the

appearance of my food truck so if I want


very good quality products I'll pay a

little extra for that so let's pay $3


$30 for very good quality products and

that hopefully will keep my customers


happier and then I can purchase or pay

for cleaning and


maintenance of my food truck to make

sure it looks clean and looks


professional and so that people will

feel good about buying from my food


truck so let's invest 30 dollars in the

appearance of our truck as well so now


we've completed all the decisions for

our products now let's move on to


employees step four so we have three

employees to choose from they'll always


be the same employees and it's Jack Moe

and Sophia and if you read about each of


the employees you'll notice that Jack

doesn't have much experience at all and


Moe has a moderate amount experience and

Sophia has a lot of experience and in


selling and so on and their their cost

their salaries are similar to their


experience so jack has no experience so

he's also the least expensive it costs


you $10 an hour to hire Jack to work for

you and Moe costs 15 and Sophia costs 20


Sophia is twice as expensive as Jack but

with Sophia's experience she can


probably be more productive maybe serve

more customers maybe more reliable and


showing up for work

and so on so these are decisions you're


gonna have to make now you can choose to

hire one two or all three employees you


don't have to hire any employees if you

don't want to so it depends on how busy


you think you're going to be if you

think you're gonna be very busy you'll


want to hire maybe all three employees

if not maybe just one so I'm just gonna


hire Jack for four today just so we can

see what happens when we get started


next we have to do our advertising now

again advertising is optional so you do


not have to purchase advertising but if

you do presumably it will increase the


awareness of your business with

customers and hopefully more people will


come to your business so you can do

radio ads newspaper or hire an


entertainer to busk in front of your

your your your truck or your cart to


attract attention and so you can not

only turn somebody on so I'm going to


hire an entertainer let's say and again

you can charge all three of these on or


just one of them or none of them I'm

gonna hire an entertainer and I can also


click the options here so in the case my

options here are


the hired entertainer for one hour for

$50 or five hours for $110 and so on so


the more hours the less expensive on an

hourly basis it is so I'm gonna choose


three hours for today and the other

options are similar or you can pay more


for more advertising in the choice they

make so we've done it we've made our


five decisions we've selected our market

mm we're gonna be in the factory today


we've reviewed the news and so on to

help us with that


we've set our work schedule by using the

buttons to identify the hours that we


want to work and in this green area

we've set the price of our products and


by the way you know setting prices for

products really should understand how


much they cost as well and you know we

can see costs here but we'll be able to


look at some reports as well to help us

with the costing we've hired one


employee today Jack where you could have

hired more but we've decided to stay


with Jack for today we've hired a bit of

advertising with an entertainer for


three hours and now we're ready to open

for business and we could go to reports


by the way at any time but let's go

ahead and open for business now once I


open for business

that's remember we've made all decisions


at the beginning of the day of the

morning now the day is going to happen


once I open for business I cannot change

my decisions for the day I can all I can


do is sit back and watch what happens

and then wait to the end of the day and


the start of the next day at which point

I can change some decisions but during


today which is again is Monday day one

once I click this button I will not be


able to make any changes so let's do

that all right so we can see a clock


we're gonna open soon oh look Jack's

gonna be late so that's not gonna be


great because we're gonna lose some

customers perhaps so traffic has been


building in the city based on the based

on the time of day and you can see


customers are coming the ones that are

in color as opposed to gray are actually


purchasing from my truck and you can see

what they're purchasing here what


they're commenting on how many I've sold

in the blue area what the price of my


products is underneath now look this is

red beverages has turned red because I


actually ran out of beverages I didn't

order enough and


customers were continuing to order that

and unable I was unable to serve


beverages to them which could hurt a

number of a number of things with our


business but at the end of the day we

this little window pops up and shows us


that we've served 193 customers so

that's pretty good number of customers


to serve for the day our sales revenue

this is how much money customers gave us


for the products that they purchased is

five hundred and seventy one dollars the


cost of goods was a hundred and fifty

two dollars now cost of goods that is


the cost of the products that the

customer purchased so remember the


popcorn costs as oil it costs us a box

for the popcorn the popcorn itself so


those items are considered the cost of

those goods now cost of goods doesn't


include all of my costs it's only the

costs of the physical item that the that


the customers have purchased the other

costs are things like my employee


salaries my advertising my insurance and

so on those costs are going to be


reflected in other reports so this is

just a summary report that shows me my


gross profit so gross profit is sales

revenue minus cost of goods so my gross


profit is $418 stay now you might think

does that mean I made $418 State not


really because remember those other

costs like my employee cause and


advertising costs are not reflected in

this window that once we subtract all of


our costs that would be our net profit

and that would determine if we actually


really made money today or not and we'll

be able to look at that as soon as I


click on the ok button so let's go ahead

and do that so now what happened is


we're now in the reports area it

automatically takes us to reports area


and it shows us our daily summary so the

daily summary for day one year one which


was the day today that were just

finished and it shows me now all of my


costs not just my sales revenue and my

cost of goods and my gross profit but


also my other expenses and you can see

all the other expenses add up quite a


bit in fact in total $265 worth when

up all these individual ones here so my


contribution to profit which is

essentially your net profit is a hundred


and fifty three dollars so the gross

profit minus the total selling expenses


gave us a hundred fifty three dollars in

net profit which actually means we did


make money we made one hundred fifty

three dollars so that's not bad for our


first day now you'll notice here it has

the word loss in brackets so if we had


lost money in other words if our total

selling expenses was more than our gross


profit

this number would be negative we'd


actually have lost money and that that

negative number would be shown in


brackets brackets are used in accounting

to show negative numbers sometimes


you'll use a little minus sign that we

all are familiar with from math but in


accounting they're usually use a bracket

so that's why you see here if you see a


positive no brackets it's a positive

number of profit if you see brackets


it'll be a loss so the cash at the end

of the day so basically means how much


cash did I start today with remember

that cash was in our smartphone how much


cash did I start the day with and then

add this amount of profit and that gives


us the cash at the end of the day this

was negative we could actually subtract


that so cash at the end of days four

thousand dollars so again that was a


pretty good day and we can see this

reflected in our smartphone so it


updates the cash automatically in fact

while this while the day was running and


we're making sales you might have

noticed that these numbers were actually


updating in real time and our sales are

back to zero because now we're we're now


on day two and you can see the

smartphone actually says day two so we


have no sales for day two

but our sales total from all the


previous days which in our case is just

one day it's five hundred and seventy


one dollars now you'll notice the

customer satisfaction is now visible so


this little icon shows that our

customers are very happy in fact as I


roll over it here you can see it says

eighty-nine percent that's our customer


satisfaction level that's a really good

level for our first day now what we can


do is on the reports area we can access

all sorts of other reports so we can


look at reports like balance sheets and

income statements or sometimes called a


profit

statements so these give us more insight


into our business and remember when we

were choosing our accounting setting we


could have actually hidden our balance

sheet and income statement that's these


two reports but there's a whole bunch of

other reports as well let's look at this


one this one's interesting its customer

comments customer comment is really


interesting because it helps us

understand what our customers are


thinking so you'll see here from this is

day one year one lots of cost each by


the way each one of these is a comment

from one customer and not all customers


were comment only a small percentage of

customers will actually comment so


you'll see a lots of COTS of customers

are saying good price and a few are


actually saying too expensive so that's

interesting


in fact that's mostly what they're

saying is good price and too expensive


so that tells us a few things number one

if somebody thinks our price is really


good

maybe our price is too low maybe we


should consider increasing it not too

high but enough that we're making more


money because if we increase our price

we can make more profit now in some


cases they're saying too expensive now

in the real world there's always going


to be some customers that think your

prices really good and some that are


gonna think it's expensive but it could

also mean that maybe one of our products


is to expense because we're selling

three products and this doesn't tell us


which product the customers purchased so

we have to kind of try to figure out a


little bit as maybe that maybe it's

maybe that one or two of our products


are priced really well but a third may

be a bit too high so we have to


experiment with this information to try

to find the best balance here another


report we'll look at very briefly is a

general journal and general ledger


so again if you're studying accounting

these reports will be very important to


you if you're not studying accounting

you probably want to understand what


these reports are and that's okay too

but the general journal in general


ledger give you more detail about all

the financial transactions that are


happening in your business so if your

instructor has your simulation set to


hide your balance sheet and income

statement and what and they want you to


build your own you might well you'll

need to refer to the general ledger and


general journal to actually do that

activity but there's many other reports


like market share reports sales by

product so you can see which products


sold them

and so on so now the concept is you've


finished day one you're now at the

beginning of day two as you can see in


your phone here and you would repeat the

process all over again the weather is


different the news is different the

competitors may have moved in fact I can


see that the green food truck has moved

to the to the shopping district when


they were in the business district

before and I can adjust all my decisions


all five of them again just my prices

check out my inventory so look here I'm


out of beverages remember we ran out and

that hurt our sales we could have made


more sales if we had enough beverages so

got to make sure we reorder the


inventory that we're low on I may want

to hire some employees and a jack was


late on day one so that probably

impacted our sales a little bit so you


know maybe I'm not rely on Jack as much

or maybe I should because you know he's


he's inexpensive and and maybe I can

accept the fact that you might come late


a few times but again those are

decisions that I have to make as I run


my business and I would repeat this

forum as many virtual business days as I


want to play or as my instructor directs

me to do as I enter an achievement so


remember these achievements that you see

in my smartphone here as I heard them


they'll they'll change they'll actually

change color and they'll they'll light


up and so you'll be able to see that

you've actually earned the achievements


and how many times that you've earned

them that shows them you're below now in


this in the in the online version of go

venture food-truck


every day that you complete is

automatically saved online in the cloud


you don't have to do anything and if you

want to quit now and come back and play


later it will automatically resume your

progress from exactly where you left off


but if you're not using the online

version if you're using the locally


installed version meaning the version

that's installed on your local hard


drive or your school network then you

actually have to save your progress


before you quit you don't want to quit

before saving your progress because


you'll actually lose your progress so

you'll click on the Settings button and


you'll click save business when you

click save business it'll bring up a


window and ask you to name the file that

you want to save your progress to it


also

allow you to choose a location so if you


have a space on the local network where

you want to share your save file you


would choose that location if you have a

USB Drive for example you could save


your save file to your USB Drive so you

would name your save file we'd recommend


naming it something like go vent your

food truck and buy you know the current


date whatever that current date is that

way if you have more than one save file


you won't confuse them you'll know which

one is your latest save file because


when you want to resume remember you

have to run go venture and you may


remember from the initial setup screen

there was a resume button you have run


go venture click that resume button and

then choose your save file and that's


very important to note that you have to

run go venture and choose the resume


button you can't just double click your

save file and expect go venture to open


and run it won't work that way you

actually have to run go venture first


then click the resume button and choose

your save file so you'll want to save


often and always save under the current

date again to help you organize your


save file

so again if you're using the online


version you don't have to do this it's

automatically safe for you but this is


if you're using the local version and

then finally we have our performance


button so the performance button will

shows any performance report and you


have a summary report and a detailed

report of our progress and how we're


doing so this is an additional report

beyond the other reports that we were


looking at earlier and usually this

report is used by your instructor to


assess your performance and protect it

potentially is used by instructors to


assess your performance and potentially

assign you a grade and you also see a


profit rating here as well based on you

know how you're doing in terms of profit


but you have to actually run it for 14

virtual business days before you'll see


a proper rating so the performance

report if you're using the online


version of go venture food-truck is

automatically made available to


instructor you don't have to do anything

but if you're using the offline version


again the local installed version that's

on your local computer or school network


then you'll have to actually either

print this report on paper and give it


to your instructor or you could save it

to a file


and then submit that electronic file to

your instructor so you'll have to ask


your instructor for directions on what

what the instructor prefers you to do


whether it's on paper or electronic

format but this is a manual process if


you're using the locally installed

version you have to print and submit


your performance report to your

instructor with the online version you


don't have to do that it's all done

automatically for you but you can just


come here to see what your instructor is

seeing about your business so that is go


venture food-truck and we hope that this

tutorial has explained the simulation


well and that you have fun playing