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GoVenture Lemonade Stand Game Simulation Tutorial Video, Business Simulator


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


Welcome to the GoVenture Lemonade Stand demonstration! GoVenture Lemonade Stand is an easy-to-use program that introduces you to the experience of running your own lemonade stand business. It’s the perfect first step for children or even adults who need to learn the basics of running a business. Let’s take a look!


The first thing you need to do when you start a game is to give your business a name and choose a logo for it. Let’s called it Leman’s and let’s choose a logo from the selection available here. Click Play and you are good to go! GoVenture Lemonade Stand uses a set play format. First you make your decisions for the day and then you run the simulation to see if you made good choices. The first thing you want to do is check out the weather forecast for the day. Hot, sunny days are the best for selling lemonade. On cold or rainy days fewer people will be out walking so the weather may have an influence on your decision making. With GoVenture Lemonade Stand young entrepreneurs need to make three decisions. If you look down at the bottom of the screen you will see three variables:

  1. Price

  2. Recipe

  3. Inventory


Each virtual day you will set the parameters for those three variables. Let’s look at the first one!


Price: you can set the price for your lemonade anywhere from 25c to $3 per cup. You want to set the price high enough that you’ll make a profit but not so high that your customers will say no. Let’s set it at $1.60.


Recipe: There are four possible recipe settings. The lowest setting is called Sour and Watery. It uses just half of one lemon and one tablespoon of sugar for each cup of lemonade. It is the least expensive lemonade you can make and that could be either a good thing or a bad thing. On the plus side, you’ll spend less money using this recipe so you may earn a larger profit from each sale, however sour and watery will not be very popular with your customers so you may end up selling fewer cups of lemonade. At the other end of the scale is Sweet and Lemony, which uses two whole lemons and four tablespoons of sugar to make a single cup. This recipe is quite expensive to make and that means you’ll probably have to set your prices higher in order to make a profit. The good news is that you customers are almost certain to like the sweet and lemony flavor. But the bad news is that nobody likes to pay more for their lemonade. There are two recipes that have middling amounts of lemon and sugar so you have some room to experiment here. Let’s set the recipe one level up from Sour and Watery and see how that goes. Inventory: You will need to purchase inventory. To do that you will have to invest some of your cash to purchase lemons, sugar, and cups. You want to make sure you have the right mix of inventory for the recipe you have chosen, however you don’t want to buy too much because unused inventory can spoil or get broken and that is money lost. You also need to keep an eye on your cash balance. You start the game with $25. You cannot spend more cash than you have so you need to invest wisely for this first day. Let’s make the smallest possible investment in inventory. Let’s buy 25 lemons for $5, 100 tablespoons of sugar for $4 and 50 cups for $5. That’s a total of fourteen dollars in purchases. Let’s go ahead and buy that and watch as two things happen. First you can see that your quantities of each inventory item have increased and second you can see that your starting cash balance has been reduced by $14. So now you only have $11 left.


Now that you have made your decisions for the day you can open for business by clicking on this open sign. Take a look there! You are in a happy face lemon costume working the lemonade stand and here come your prospective customers. A prospective customer is somebody who might buy your lemonade if you have made good biz decisions. Some of those people will stop and buy lemonade from you. You may see some of them offering you comments.


At the end of the day you can see how much cash you now have. Up from $11 you had when you opened this morning and if there were any damaged cups or if any of your lemons or sugar spoiled. You will see all that. On the right is a profit rating which shows you how well you are doing based on your cash balance. You haven’t yet earned enough money to make your mark on that yet but you will, so click okay because we are now ready for day two. One last thing: there is a settings button and when you click on that you can get help or if you want to start a new game or change the volume settings or quit, it’s all in there. Just press the settings button again if you want to return to the game.


So that is it! Time to make some decisions for the day! Thank you for purchasing GoVenture Lemonade Stand, we hope you have fun and make lots of money!


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