Learn Business Skills From Free Online Business Games

Skills, strategies and tactics are the most important factors in every successful business career. This is the reason why it is significant to develop the mentioned factors in order to be successful in managing your business. It can be developed minimally through reading informational articles but maximally through experience. However, it is risky to learn it through actual experience as your business may suffer if you have done something wrong. Behind these, it is good to know that these circumstances can be avoided by creating a simulation environment rather than an actual set-up in learning the business skills, strategies and tactics needed in managing your business wisely. You can do it through playing free online business games where you can learn a lot as business situations and set ups are employed in order to make a real life setting good for learning.

Online business games are initially made for the benefit of game lovers. But now, because it is a game where tactics and strategies can be developed, it is often used by aspiring businessmen in developing their skills. There are many kinds of online business games around and you must choose depending on the type of business you are engaging with. The following are the most common types of online business games that can be usually found around:

Café and Restaurant Games
It is the most common business game above all. A lot of people have found joy in playing café and restaurant games, as you can manage it like a real one. Tasks involved in this game include cooking, serving, managing crews and upgrades. It is very enjoyable to play that you may not feel that you are playing for the benefit of sharpening your skills.
Real Estate Games
In this game, you can be sharpened in starting up a real estate property and developing it optimally. Skills that can be learned through it include prioritization of property investment, visualization of ideas and management of overall real estate property.
Company Management Games
It is one of the most enjoyable free online business games around. In this game, you will manage a big company and you are the CEO. Controlling the company’s cash flow is a major task as well as managing your employees from the first level down to the lowest level. The game works like the popular board game monopoly, but company management games involve a fully moving scale.
Retail Shop Games

This is a worthwhile game if your business is in the retail type. In this game, you are given task to manage a retail shop like a supermarket, textile store and many more. Managing it is like in café and restaurant games except from the fact that you don’t need to cook; you just need to manage your products.

The mentioned games above are just some of the most popular free online business games in the internet.There are still many kinds around that will definitely fit any type of business skill that you need to develop. In playing it, don’t be pressured in winning the game; remember that you are playing in order to learn business skills and it can be achieved optimally through experiencing hard challenges.

Glo-Bus Business Strategy Game – Finance and Cash Flow

The Glo-Bus financial screen is quite interesting in terms of business simulations. In relation to Glo-Bus’s big brother, BSG, Glo-Bus focuses upon cash flow for each quarter instead of annual year ends. This makes the game rather interesting as it becomes a balancing act of always having enough money for each of the 4 quarters, while still paying down debt. The correct way to do this screen is to basically pay off as much debt as possible while leaving enough a bit more than enough to cover the year’s expenses.

Some company’s think that it is smart to carry a large cash balance, but that’s the equivalent of putting all your personal money into a “checking” account and not paying off your credit card bill. Paying off debt is paramount in Glo-Bus and does wonders for your credit rating when combined with a decent net profit.

Unlike other simulations, Glo-Bus has a very finite amount of ways to spend cash, very rarely will you need to open up new workstations, you will not be required to make any significant upgrades, it is best to use existing cash in the current account to dramatic effect which is best used by paying off debt and continually keeping interest rates low. If in the event that money is required in one year, it is an easy task to go into the operating line and borrowing the amount. But it is important to not think that the interest gained from large cash balances warrants keeping large amounts of cash on hand and debt seemingly allowed to persist.

The Global Business Simulation Strategy Game – Glo – Bus Quiz Answers

If you’re in a business strategy class, you may be taking the Global Business Simulation Strategy Game, or for short, “Glo-Bus”. You will most likely be taking two quizzes in this course, Glo-Bus Quiz 1, and Glo-Bus Quiz 2. Both quizzes will go over concept basics of the game, and especially Quiz 2 can have very difficult questions. Many of the questions are financial based. Here’s one example question that you will most likely get.

Given the following Financial Statement data:

Income Statement Data Quarter 1

(in 000s)
Sales Revenues $50,000
Operating Profit $14,400
Net Income $9,555

Balance Sheet Data
Total Current Assets $70,000
Total Assets $149,000
Total Current Liabilities $26,000
L-T Debt (draw against credit line) $33,000
Total Equity $90,000

Other Financial Data
Depreciation $4,000
Dividend payments $2,250

Based on the above figures, the company’s capital structure consists of what debt and equity percentages? (These percentages are one of the components used in determining the company’s credit rating, as explained on the Help screen for the Comparative Financial Performance page of the GSR.)

Here are the 5 answers.

20% debt and 80% equity or 20:80.
27% debt and 73% equity or 27:73.
35% debt and 65% equity or 35:65.
37% debt and 63% equity or 37:63.
None of these.

So to answer this question, we must look at this income statement and conclude what debt and equity is.

Total Equity shows itself at $90,000, so that’s easy.

But the real hard part is deciphering what debt is. Believe it or not, but current liabilities isn’t part of “debt”. And that’s a mistake that people make.

So debt is simply Long term debt at $33,000 But then what?

To figure out the correct ratio, the formula for debt ratio= debt/(debt+equity)

[And for note the equity ratio=equity/(debt+equity)]

Or therefore 33,000/(33,000+90,000)=.268 or what equals 27%. Therefore the debt ratio is 27%, and the balance being 73% is equity.

The correct answer is the second one!