An Excel spreadsheet is available for students to build a Balance Sheet and Income Statement using the General Ledger and Trial Balance of their simulated business.

A second Excel spreadsheet is available for students to practice Financial Ratios. This spreadsheet is programmed to immediately identify correct and incorrect answers.

Each of the above activities take 1 hour to complete and can be assigned multiple times for ongoing practice. Full details are in the Instructor Guide section 8.4.

July 2024

Sales algorithms refreshed to provider more granular effects on product price. These changes only affect new simlations or reset simulations started as of July 18, 2024.

Mar 2024

The 6-month student subscription extension for $10 is being discontinued after May 31, 2024. After this date, extending an existing student subscription can be done by repurchasing the same product at the original price. This new process is fully automated.

July 2023

Business Types

New business types added to Full Business

Online Retail (Immediate Delivery)

Convenience Store

Barber Shop

Hair Salon

Beauty Salon

Microstay Hotel

Bicycle & Skateboard Shop

Coworking Space

For more details, refer to the Instructor Guide section 6.2

Business Selection

Selecting a business to start now organizes businesses by difficulty level to make it easier to choose a business type.

Business Updates

Automotive Center and Vet Clinic— capacity numbers adjusted

Business Reputation

Brand screen now fully displays all 5 metrics that contribute to Business Reputation.

⁠

Leaderboard

Notices that appear to let students know they are on the Global Leaderboards now link directly to their listing— this makes it easier for students to find themselves on the leaderboard.

February 2023

Dental Practice

Employee salaries have been increased to better match real-world salaries for a dental practice.

Trial Balance Report

A Trial Balance report is now available to help with accounting activities.

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Student Profile

K-12 Students (Instructor Managed accounts) are no longer able to change their Names— only the instructor can do so. The instructor can edit student name, username, and password.

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January 2023

Microlearning Results

The Performance Report now combines the simulation results with the Microlearning results into the one table. Previously, Microlearning was in its own table, but having to check two tables was inconvenient when trying to review all the results for the same student.

Microlearning now appears in the column on the far right, with orange text that is clickable to view the detailed report— see below.

Also— the Performance Report page now shows the Group number for easy reference.

⁠

Employee Salary Offer

Fixed a minor bug that would not allow the use of the keyboard to set a salary (could only be set using buttons).

This only appeared when the computer keyboard was set to certain languages.

December 2022

Microlearning Collections can now be set to be scored and show parentage completed based on the modules marked as required by the instructor. Previous to this option, the score and percentage completed were based on all modules visible.

Microlearning Collections created previous to this update are set to “All modules visible” but can be changed in settings.

The option for “Only required modules” is useful for instructors who want to make many or all of the microlearning modules available to their students as a useful reference, while only requiring (and grading) them to complete specific modules.

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Sales— while running a sale, product prices cannot be changed until the sale ends or is discontinued. A new message has been added next to the pricing box to remind players of this restriction.

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November 2022

Products screen now shows all the inventory items, equipment, and employee skills needed to serve a product. Previously, players had to go to another screen to see these details. Green checkmarks and red crosses show what’s available and missing at a glance.

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Services screen now shows all the inventory items, equipment, and employee skills needed to deliver a service. Green checkmarks and red crosses show what’s available and missing at a glance.

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Customer emojis now show a red X box on a customer that was lost:

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October 2022

New business type added — Dental Practice

Rubric Score— Group settings allow instructors to set a scoring formula. The score will be automatically generated and appear on the Performance Reports available to instructors and students.

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Microlearning— Performance Report on the instructor dashboard now shows the number of microlearning modules completed next to the percent completed. This is useful for instructors who may change the number of modules visible to students so that they can monitor when the updates take effect.

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July 2022

Level Up Settings

Instructors can now control when students can level up to a second and third Lemonade Stand and a second and third Kiosk business. Controls include Net Profit, Simulation Days Played, and Calendar Date. This allows instructors to better control student pacing when playing the simulation.

You will see this change in new Groups created on or after August 4, 2022. Groups created prior to this date will have the original settings.

See

Instructor Guide⁠

section 8.3 for details.

Business Types

Group settings now allow instructors to control which types of businesses students can play in Kiosk and Full Business.

You will see this option in new Groups created on or after August 4, 2022.

See

Instructor Guide⁠

section 6.2 for details.

Report Visibility

Instructors can choose to hide specific reports so that students cannot see them when playing. For example, you may hide the Balance Sheet and Income Statement and have students build their own from data in the General Ledger.

You will see this option in new Groups created on or after August 4, 2022.

Microlearning

Students can now directly access the Microlearning modules from the GoVenture dashboard without having to launch the simulation. Prior to this change, students had to launch the simulation then click MENU > Microlearning. Students now have both of these ways to access Microlearning.

But note that the new option will only appear after students have joined a Group and started playing the simulation for a few minutes.

See

Instructor Guide⁠

section 5.4 for details.

June 2022

Microlearning Update

This occasional issue of student results not updating should no longer happen.

To make sure your instructor dashboard displays the most recent Microlearning results, direct your students to take one of these actions:

While playing the simulation game, click MENU then SAVE.

Advance the simulation game by one simulated day — reports are automatically updated after a student completes each simulated day in the business simulation (If a student completes Microlearning modules but does not return to continue playing the business simulation, your instructor dashboard will not update with the latest results until they do or save the simulation game).

Learning & Activity Book

Published a new version of this book, which is now called Business Superhero— a 240-page book that helps students learn the fundamental concepts of business and entrepreneurship, including a glossary of over 100 terms.

The older version of this book is still available for instructors who may have referenced pages in the old version. The old version of the book includes input fields, but the new version does not and instead makes the answers available to students at Georghiou.com.

May 2022

Perpetual and SUITE Licenses

Updated to include new businesses and other content.

April 22, 2022

Business Types

New business types for Full Business

Veterinary Clinic

Cosmetics Boutique

Automotive Center (Difficult)

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Employee Hiring Costs

$500 Hiring Costs added to Full Business.

Customer Satisfaction

Customer satisfaction score when out of inventory has been slightly lowered to better reflect that most customers will be unhappy when their product is not available.

Online Version

If the simulation game loses connection with the game server, the game will pause until the connection is re-established. This may happen if the player Internet connection is lost. Prior to this change, the player could continue playing.

January 2022

Simulation game interface now available in French and Spanish (excludes supplemental content).

October 28, 2021

Manual Accounting

Fixed a bug that occasionally would not allow players to post their debits and credits in the manual accounting window.

October 15, 2021

Group Leaderboard

Groups now include a setting where instructors can make the leaderboard for that Group visible on the Global Leaderboards. The Group Leaderboard is only visible to students joined to the Group so that it remains semi-private. Instructors can use this feature to allow students in the same Group to compare their performance with each other— student names remain anonymous.

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Group Archiving

Groups that instructors no longer need quick access to can be archived so they do not appear in your list. Archived Groups retain all information and you can reactivate them at any time.

Accounting

Fixed a bug where debits and credits would occasionally be off by 1 cent.

September 8, 2021

Global Leaderboards

Student simulation results are automatically compared to the best in the world and may appear (anonymously) on the global leaderboards.

View and share the leaderboards with this link —

https://playgoventure.com/leaderboards/entrepreneur⁠

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Full details are available in the

Instructor Guide section 6.7⁠

⁠

Business Types

New business types for Full Business

Fitness Gym (already live)

Casual Restaurant (already live)

Sandwich Restaurant

Mexican Restaurant

Pizza Restaurant

Cafe

Department Store

Auto Parts & Service

Ice Cream Store (easy practice simulation)

And even more are coming in a few weeks!

Full details are available in the

Instructor Guide section 6.2⁠

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Stock

Players can raise money by selling shares in the business, but must pay dividends to shareholders.

Perpetual License Version

The Windows/Macintosh installable version is for Perpetual Licenses and Suite Subscriptions.

Miscellaneous

Reports now display player name, business name, and business type.

Instructor can now sort data columns in the Performance Report summary table.

Instructor can now view all financial reports for each player.

Microlearning setup menu minor improvements.

Performance Reports now only show active simulations for the Group.

Deleted student accounts will no longer appear in the list of accounts.

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June 9, 2021

New Languages Added

A language selection bar is now available in the top right corner of the header.

English, French, and Spanish are the current languages available.

Machine translation is used for French and Spanish so the quality is not the same as human translation. Human translation may be used in the future.

June 1, 2021

Full Business

New full business where students run a gym with membership-based services.

Loans module enabled.

Employee training module enabled.

Employees may occasionally arrive late or not at all. The frequency of this happening is based on their reliability. HR Report logs all occurrences for future reference.

Red dots that represent customers changed to people icons.

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Kiosk Business

Six new business options are added — Tacos, Hot Dogs, Popcorn & Snacks, Clothing, Costume Jewelry, Electronics. Ice Cream is the only current business option.

Manual Accounting— Fixed a bug where, on rare occurrences, the correct debit/credits were not being accepted unless you used Show Answer.

Red dots that represent customers changed to people icons— similar to the image above.

Instructor Resources

The Education Bundle includes over 50 lessons and activities. These activities have been available in a printable PDF format and are now also available in a format that can be completed with a computer, Chromebook, or tablet. Perfect for distance learning! Access the resources in the Instructor Guide under §Resources In Detail

MAR 29, 2021

Full Business

Skill Score — corrected Profit score (was showing lower than it should have).

Skill Score — corrected Profit Margin table that showed an incorrect value for how this score was calculated. This was a display issue only and did not affect the actual score.

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FEB 24, 2021

Full Business

Success Guide to help students with the start of the full business simulation now available. Link is in the Help & User Guide.

Curriculum Guide to help instructors with scope and sequence options. Link is in the Instructor Guide.

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JAN 20, 2021

Kiosk Business Upgrades

Students can now set different prices for each Kiosk location.

All business reports now available including General Ledger and Journal.

Detailed consumer profile information now available for all five locations. Including customer traffic patterns by day and hour.

Lemonade Stand Upgrades

Consumer profiles for the three neighborhood locations are now available to help students with matching pricing and quality at each location.

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DEC 16, 2020

Kiosk Business Added

For students to play KIOSK, you must use your instructor dashboard to create a NEW GROUP. With the KIOSK business, students will run an ice-cream kiosk with three products and five inventory items, multiple employees, advertising, and more. They will start with one kiosk and when they achieve $4,000 in net profit they will start a second kiosk. Once they achieve $10,000 in net profit, they will start a third kiosk — mobile version.

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NOV 23, 2020

Level Up Conditions

To level up to a 2nd and 3rd Lemonade Stand, a student needed to generate $200 and $500 in profit, respectively. This has been changed to $250 and $1,000 and will apply to all new Groups. This change will not affect Groups that were created prior to this change.

This change was made because progression was happening more quickly than desired.

Skill Score Formula Updated

The Skill Score formula for the Lemonade Stand business was calculating too low. An update was made to the formula.

Students will immediately see the new Skill Score. Instructors see the old Skill Score until a student plays one simulated day, at which point the new Skill Score will calculate and appear to the instructor in the Performance Reports.

⁠

NOV 12, 2020

Launched!

The first phase of GoVenture ENTREPRENEUR is now available to play. It includes the Lemonade Stand business, all Microlearning modules, and printable Activities. Kiosk business and Full business will be added soon.

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