- Highlights the need to plan carefully for a new business and not be too optimistic
- Encourages group discussion and management decision-making
- Shows the importance of interpreting results, monitoring cash flow and getting control of the figures
- Stresses the need for a rational approach to decisions
- Illustrates that advertising and marketing are crucial
Ideally suited to:
Teamwork and decision-making sessions with an emphasis on business acumen and the analysis of basic business data.
Teams receive a folder with all the details on a new wine bar they are planning to open. Each week they have to order stock, decide how many staff to employ and how much to pay them. They also decide on pricing, advertising, whether to diversify and whether to expand the business.
Decisions are filled out on a simple Decision Form which is fed into the program and the financial results issued together with relevant messages. Teams feel they really are running their own wine bar – this week there was money missing from the till? Presumably teams were not paying staff enough!!
- Introduce the session using the PowerPoint presentation.
- Issue Briefing Folders and allow 90 minutes for teams to discuss the details and complete their first Decision Form.
- Collect Decision Forms and enter data into the program.
- Issue results and allow 20 minutes for teams to study their results and prepare their next Decision Form.
- After six or seven ‘rounds’ ask each team to prepare a short presentation to sell their business. You, the Trainer, will purchase the wine bar you feel has been best managed and which has the best future potential.
- Lead a debrief using the detailed guidance in the Trainer’s Notes, and finally announce the winning team. Some Trainers even finish with a wine-tasting!
Full guidance supplied in the Trainer’s Notes.
Hard & Digital Copy
- ☑️ Hard copy pack supplied
- ☑️ Program supplied (internet access required)
- ☑️ PDFs & PowerPoint supplied
Digital Copy
- ☑️ Program supplied (internet access required)
- ☑️ PDFs & PowerPoint supplied
Contents
- Trainer’s Notes
- Trainer's PowerPoint
- Computer Program (internet access required)
- Team Folders each containing 10 pp of info: The Introduction / Loans / Location / Street Survey / Premises / Refurbishment / Promotion / Stock / Staffing & Payroll / Pricing
- Handout - Reading the Financial Statement (PDF)
- Handout - Business Analysis Form (PDF)
This activity is for face-to-face classroom use. The digital files are supplied via the Northgate Trainerhub.
This Northgate Training activity comes with a five-year licence for repeat use with up to 24 participants at a time, for use by Trainers based at one licence-holding site.
All Trainers physically based at the same office location can access the Northgate resources during the five-year term, including the digital resources supplied on the Trainerhub via your own site-specific Trainer Dashboard. If you have Trainers based at other locations, and/or remote workers, who would like to access and use the Northgate resources, we can advise further depending on your requirements.
For further information on our licence terms please view the Northgate Licence Agreement.
To use with more than 24 or for multiple site licences please contact us for a quote.
