The administrative processes are included in LE-Game Silver. Participants have to register the transactions and calculate VAT (either inclusive in the price or exclusive). So 20% up or 20/120= 16.66% down.

2. Outline
11.30 hrs - 14.00 hrs
LE-Game
Break 10 minutes (or not)?
LE-Game continued

3. TODAY’S GOAL:
4
Learning & Experiencing
Entrepreneurship

4. (International) ENTREPRENEURSHIP ?
• Markets & competition
• What is your positioning in the
market?
• Creating added value
• In what price range you want to
operate?
• Management of operations
• Identifying opportunities
• Which goals to achieve?
• How use comparative advantage
• Networking, negotiating
• All elements mentioned
5

5. Do you really learn all the rules before playing
a game? NO!! You simply start playing……
7
Who knows the
rules of Ludo?
2 pages

6. Who knows the rules of Monopoly?7 pages
Read 7 pages first or simply start playing?
8

7. 9

8. 7 pages!
10

9. NOW you are an entrepreneur
• Start: same capital
• Small comparative
advantage
• Markets & competition
• Creating added value
• Identifying
opportunities
• Networking, negotiate
11

10. Your role:
- Supplier
- Production organization
- Trade organization

11. Description
Supplier Trading Raw materials
Producer
Produces
Sells to
• Traders
• Market
(only mono towers)
Trader
Trading towers
Sells to Market

12. 14
TradersProducersSuppliers
World market
Raw materials
World market
Finished products
THE LE-GAME WORLD ECONOMY
LE-Game Entrepreneur game - Learning by doing

13. Producent(en)
Producent(en)
Handel
Handel
Leverancier(s)
Leverancier(s)
Market
Finished products
Market
Raw materials
Supplier(s) Trade
organizations
Production
organizations
Bricks
Towers
Complex & simple
Bricks
Towers
(complex)
Towers
(simple)
Taxes

14. 16
Market Raw Materials
Only suppliers!

15. 17
Market Finished Products
Producers (only mono)
Traders (all)

16. Who is Supplier? Hands up please!!
18
Who is Producer? Hands up please!!
You do business
together !!

17. Network of a Supplier
Trading org.1
Production
org.1
Supplier 1 Production
org.2
Supplier 2
Supplier 4
Production
org.4
Supplier 3
Trading org.2
Trading org.4
Production
org.3
Trading org.3
Market Finished
products
Market Raw
materials

18. Who is Producer? Hands up please!!
20
Who is Trader? Hands up please!!
You do business
together !!

19. Handels-
Bedrijf 1
Production
org.1
Supplier 1
Supplier 2
Supplier 4
Production
org.4
Supplier 3
Handels-
Bedrijf 2
Trading org.4
Trading org.
Market Finished
products
Market Raw
materials
Production org.2
Network of a producer
Production
org.3
Trading org.
Trading org.

20. Who is Producer? Hands up please!!
22
Also sales of only mono-
towers direct to the
Market !!

21. Trading org.1
Production
org.1
Supplier 1 Production
org.2
Supplier 2
Supplier 4
Production
org.4
Supplier 3
Trading org.2
Trading org.4
Production
org.3
Trading org.3
Market Finished
products
Market Raw
materials
Network of a trader
Supplier 2
Supplier 3

22. Market finished products
24
Buy only from
Producers
mono towers
Trader (Producer) (Trader )
mono tower

23. Market Raw materials
25
Sells only to
Suppliers
Prices are determined by the market!
Supplier

24. 26
Forms: VAT value added tax
(=20%)!!
Exercises:
Price exclusive VAT: + 20%
Or
Price inclusive: – 20/120 = - 16,66 %

25. Market Finished Products gives receipt

26. Market Raw Materials gives receipt

27. 4 actions:
1 Purchase/ Issue an order = Receipt of the order
2 Receipt of products = Delivery of the products
3 Payment = Receipt of the payment
4 Receipt purchase = Receipt sales

28. 4 actions:
1 Purchase/ Issue an order = Receipt of the order
2 Receipt of products = Delivery of the products
3 Payment = Receipt of the payment
4 Receipt sales = Receipt purchase

29. Register your own VAT

30. VAT payment (+/-)

31. 33
Revenues
Received
VAT
Inclusive VAT 20% VAT
€ €
Cost
Paid VAT
Inclusive VAT 20% -/- VAT
€ €
VAT to pay to the
government
€
TAXES : What has te be paid?? (or
received) as Value Added Tax

32. Calculating VAT
34

33. Credit is Right, Debet (no L) is Left
35

34. Paperwork & Money
36

35. Business in a classroom
37

36. Administration
38

37. Overview
39

38. Traders and/or Producers
take/select their orders at the Market(s)
The game starts :

39. Go!

40. Did you experience your international
entrepreneurship in LE-Game?
• International Markets &
competition
• Did you experience this?
• Creating added value
• Did you experience this?
• Identifying international
opportunities
• Did you experience this?
• Networking, negotiating
• Did you experience this?
42

41. Calculate your profit
• Start: € 2500
debit: assets € 2.500 and
credit: own funds (& liabilities) € 2.500
• Count your money
• Estimate value of Lego materials +
• Assets at the end
• Assets minus €2500 = RESULT
43

42. WHO IS THE
WINNER?
What is your
secret?
LE-Game Entrepreneur game - Learning by doing

43. 47LE-Game Ondernemerschapspel

44. 48
http://le-network.nl/en/

45. Hand in your form Reset boxes
49

46. Questions ?
51