What is BizWorld?

BizWorld is a simulation where students get aquainted with entrepreneuriship in a team of six. They are helped by an entrepreneur so the passion for entrepreneurship can be passed on.
  • The students learn among other things what a company is, what stocks are and how much money is necessary if you want to start a company. Their currency consists of BizEuro's; therefore no “real” money is used in the simulation.
  • They devise their own product (friendship bracelets) and buy raw materials to make the product.
  • Afterwards they will manufacture the product with each other and calculatet the cost price is of these products in order to be sure to make a profit.
  • They work with a marketingy campaign and will sell the products effectively (the purchasers are for example students seventh grade). They track their finances every day with one main objective: to make a profit.
  • BizWorld is executed in four sessions, where they work two to three hours per session in their company.