SIDE HUSTLE BUSINESS
Makers Market Series
This simulation is designed for students interested in creating handmade products to sell at local markets, like makers’ or farmers’ markets. It’s also ideal for students unsure about their business type, offering hands-on education for various homemade products.
Why a Makers Market?
The makers market simulation is a perfect platform that empowers students to showcase their ingenuity, creativity and business skills. Students get to experience a practical learning environment designed to prepare them for real-life business situations. By participating in this simulation, students learn to appreciate the value of dedication, innovation, and perseverance. Our makers market simulation is undoubtedly a game-changer in student entrepreneurship education.
How will this benefit students?
Not everyone has the same level of experience or confidence when it comes to starting their own business. This is where makers market simulation comes in: a hands-on educational program designed for students interested in business & entrepreneurship. With its unique blend of business education and practical experience, makers market simulation is an ideal choice for all students.
Using Entrepreneurship simulations in Business Curricula
How To Incorporate Simulations In Your Class
Our platform allows instructors to provide their classes with personalized and engaging simulations that are appropriate for students in K9-12 and undergraduate programs (Freshmen, Sophomore classes). Instructors can incorporate our programming into their existing curriculum; and then students can apply the theoretical knowledge in class in a series of simulations and supplemental materials to test their skill.
step 1
Instructors choose from a list of standardized assignments that align best with their current curriculum or program.
step 2
Your students receive a link to choose the type of business they’d like to use to complete the homework assignment.
step 3
Students can try and fail as many times as they’d like in order to practice the principles of entrepreneurship and apply the knowledge gained in class.
Students will learn:
Inventory Management & Raw Materials
For a makers market, inventory management is a crucial aspect. With efficient management of raw materials and inventory, students can run their business smoothly, ensuring uninterrupted service to customers. It is imperative to track the inventory levels, keep a check on the movement of goods, and streamline orders to maintain a balanced inventory flow.
Human Resources
While being a solo founder may appeal to those who value autonomy and control, it also means taking on all tasks and responsibilities. Bringing on employees and contractors, on the other hand, can offer a wider range of skills and perspectives, but also requires more coordination and management.
Workload Management
Students will develop planning resources & managing skills. By properly dividing tasks and assigning them to the right team member with the necessary skills and experience, students can avoid overextending anyone and ensure that each task is completed efficiently and effectively.
Events & Sponsorship
Inside the Makers Market simulation, students can easily manage events and sponsorships while keeping an eye on the bottom line, gaining insights and optimize their approach for maximum Return Of Investment. Planning an event is no easy feat, especially when it comes to determining costs and outcomes. Luckily, our simulation app provides a solution to this challenge.
Financial Reports
Our simulation app makes it easy for students to manage financial reports, including Profit, Losses, and Landed Costs. With our intuitive interface, students can quickly see how their business is performing and make informed decisions to drive growth and profitability.
Marketing
Students will manage Pay-Per-Click advertising campaigns. In our simulation app, managing marketing campaigns is an essential task for a Makers Market to drive traffic, increase sales and scale the business.
business simulations
Enhance your classroom curriculum
Success in the startup world requires more than just book knowledge, and you know it! That’s why we created Startup Wars.
Request your demo today and discover how you can empower your students to explore different types of businesses, without the real-life financial risk.
