Thank you for the videos. They have helped me understand CapSim a little better. However, I wish I could find videos that would show how to improve future rounds when you have done poorly in previous rounds.
I had a couple rounds where I didn't predict properly and had emergency funds used. I don't remember which rounds they were, though. If you have screen shots, perhaps I could make a video...see if I still "got it" ;)
@@TH-camPreneur Thank you I will check to see if I can find. I actually just finished round 4 of the individual rounds and did terrible. Lost ton of money! Today we start team rounds. We will run 8 rounds. I will be watching all your videos from the very beginning now. Do you think is a good idea to take out long term loans from round 1? I heard since they are due in 10 y and we only do 8 rounds I won't have to pay them before. I just think loans make the company look bad.
In this game, and mostly in corporate structure, loans are mostly necessary. In your personal life, you should avoid debt imo. Having said that, I used long term debt as a crutch. I tried to not sell stock to raise money.
@@TH-camPreneur That would be amazing, because the tutorials are confusing. It doesn't explain how and why they are picking the numbers that are in the tutorial, making it's hard to understand what is exactly happening. Your videos is what made everything click for me.
I was having a hard time figuring out the whole thing.. I'm a visual learner and your tutorials have been amazing so far. I've been able to figure out everything a lot easier.
When I made these videos, it was mostly because I couldn't find anyone else who was teaching them, and I was doing so well, my professor wasn't teaching me anything new. I did get some nuggets from him, but I feel I learned everything through studying the game's response to my choices. It became a fun challenge for me. Thank you for watching! If you haven't subscribed yet, please do and share it with your class if you don't mind. (TH-cam won't pay me for these videos until I get 1000 subscribers.)
Thank you so much for your videos! Our team are in round 3. I bought your drift sheet and would like to understand how to plug in the numbers. Do you have a video for the drift-sheet?
I don't, but I may make one as a private video for reference. If you need help now, please reach out to me via my website and I'll help get you the info you need.
Hi! Great videos man. It is very helpfull to have you on this platform. I would like to know if there is any chance I can get that excell sheet so I can work on my own and see what you are doing.
th-cam.com/video/iLfPXGmbIfk/w-d-xo.html shows how I made it. I don't think I have the document up anywhere to share it, but I do show you how to make it.
I'll answer this in case others have the same question. A niche cost leader, to me, means you're choosing one product to focus on narrowly (a niche). You, within that niche, choose to beat your competition by keeping your costs down, thereby allowing you to keep your prices down (the cost to the customer). This is what allows you to be the cost leader (in the customer's eyes). The way you do it is focus your time and energy on one product, automate it as much as possible, pay for tqm, and follow the customer's desires to a tee.
There are only so many products that will be purchased in the year. If one product is always on top, it makes sense to consider how many products it leaves for the rest of the market to absorb.
Hello, Thanks for your sharing, I have some problem about how to choose the numble of Pfmn, size and MTBF. And I have notice that you have excel file. How do you make it? How abou the best value about pfmn and size in the report of each round?
Hello, I have notice that you have change pfmn and size of your product to make the revision date December. Does that means you want your product produce hased on previous pfrm and size for the whole year of 2020 and until last day you change your pfmn and size. Does it make sense?
That's exactly right. The whole year, you're selling your old product until the December. That allows you to make an adjustment the following round, too, otherwise, you're stuck until the round after next. Because you also get insight into what your competition is doing at the end of each round, it allows you to adjust accordingly and sneak up changes on your competition at the same time.
Hi, how can I get an excel ideal spot sheet like you have? The one I have is the one we did in the situation analysis. I would love to have a monthly ideal sheet. It would help so much.
Im on round 3 currently, and working by myself on it because of covid. I am stuck and I have no idea what do. I feel very overwhelmed and anxious with the situation. Everything Im trying is not working. :/
I used these decisions as a near exact blueprint for mine, however, i still had to take out an emergency loan after round 2. I think i ended up spending too much on automation. I increased it to 5.8, still less than what he did. Any advice from anyone on automation rating? Do you guys think he increases it a little fast? My simulation is competitive against classmates and therefore is more difficult to obtain as significant a market share as these videos.
Mine were against my classmates, too. That's the difference. If your fellow students are as aggressive as you are, the increased competition may cause you to sell less, thus increasing your inventory and an emergency loan. My videos should act as a model to learn from, but because the high number of variables, you have to take the lessons learned from my videos as assistance to guide you in making tailored decisions for your rounds. I hope that made sense. If you have specific questions for your results, email me and I'll give you an honest opinion.
I have a video that shows how to create the sheet. Capsim tells you how much the ideal coordinates will move each round, so they're predictable if you create the sheet. If you can't find my video on it, let me know and I'll look up the site url or I might create another video
My days of working capital are on the floor, how do I fix that? Thanks for these awesome videos, I have learned a lot and am actually starting to understand it.
@@RealEstateInvestingUnmasked I used these decisions as a near exact blueprint for mine, however, i still had to take out an emergency loan after round 2. I think i ended up spending too much on automation. I increased it to 5.8, still less than what he did. Any advice from anyone on automation rating? Do you guys think he increases it a little fast? My simulation is competitive against classmates and therefore is more difficult to obtain as significant a market share as these videos.
Long term debt pays out a little per round every round. It's much better, imo, than current debt that requires you to pay the borrowed funds in the very next round.
If I'm understanding you right, yes, you're supposed to add products and adjust the decisions each round like I did with the products I added. If you're looking for another answer, please rephrase your question.
I think you're referring to the excel file? I made it myself. I have a video that shows you how to make one. If you meant something else, give me a time stamp on the video and I'll let you know.
The first round or two is easier, in my opinion, to land in December. It's ok if it lands in November, too. You may have to adjust MTBF's and the other numbers involved; however, if you are investing in TQM, you pretty much won't get one to land in December unless you're making dramatic changes (which aren't necessary).
I like to have it right where I need it for the following year just in time for me to correct it the next round. If you let it land in the beginning of the following year, you're struck not being able to make changes until after the next round.
Every round has variables you can't predict. If you make the same choices I made, you're not likely to get the exact same results. The principles you learn in my videos should guide you. Even I got emergency loans when I did the rounds, and still ranked in the top 99%, so it doesn't mean it's the end of the world. Good luck moving forward!
@@TH-camPreneur I wasn't tryin to bad talk your skills. My meaning was very lost. It sucks that what is predicted and safe and accounted for still goes haywire.
I hear ya. I remember getting my emergency loans and how much I hated it! If you're in the training rounds, the competition is a little more predictable. When you play against other humans, it's much more unpredictable... which makes it fun, honestly (if it wasn't for a grade...)
Hey man, great videos. My team is doing somewhat well compared to the others (we are always the top team or second place) but we triggered a $1.9 million emergency loan last round. I am trying to figure out what we have been doing wrong. We are currently on Round 3. Could I email you our financials? Thank you.
+melissa bryant I created it. I can make a video to show to make one of you'd like. You take the first ideal location, find what capsim says is the drift rate, then enter it in excel. That will predict where your product ideal location will be throughout the year. So if performance is 5.0 and size is 12.0 and the drift rate is 0.5, you would have a cell that says for each month, 5.0 plus (( 0.5 divided by 12) times which month in the year you're looking for). Like I said, I can create a video if that would help.
Hey man, thank you so much for the videos you have posted. I have tried to find an email address or a link to your website to send you a message regarding some questions that I have. Do you mind sharing this information so I can get in touch with you please? Thank you again for the videos, it's really helped me understand things and made the class more enjoyable.
These videos are literally the only reason I am surviving this class because the class is literally nothing but this.
I'm glad it's helping!
Thank you for the videos. They have helped me understand CapSim a little better. However, I wish I could find videos that would show how to improve future rounds when you have done poorly in previous rounds.
I had a couple rounds where I didn't predict properly and had emergency funds used. I don't remember which rounds they were, though. If you have screen shots, perhaps I could make a video...see if I still "got it" ;)
@@TH-camPreneur Thank you I will check to see if I can find. I actually just finished round 4 of the individual rounds and did terrible. Lost ton of money! Today we start team rounds. We will run 8 rounds. I will be watching all your videos from the very beginning now. Do you think is a good idea to take out long term loans from round 1? I heard since they are due in 10 y and we only do 8 rounds I won't have to pay them before. I just think loans make the company look bad.
In this game, and mostly in corporate structure, loans are mostly necessary. In your personal life, you should avoid debt imo. Having said that, I used long term debt as a crutch. I tried to not sell stock to raise money.
@@TH-camPreneur Thanks for the tips!
I'm a visual learner. This videos are helping me understand capsim sooooo much better then the tutorials. Thank you so much!!!
I'm glad I could help. I think I'm going to do a quick overview video to help people get started...
@@TH-camPreneur That would be AWESOME! These videos are super helpful!
Thank you, Lerena!
@@TH-camPreneur That would be amazing, because the tutorials are confusing. It doesn't explain how and why they are picking the numbers that are in the tutorial, making it's hard to understand what is exactly happening. Your videos is what made everything click for me.
Dude, you've been awesome thus far! Killing it man, thank you.
+Peter Deardeuff you're welcome! I'm glad I could help. The main thing is to understand why x happens when I choose y input.
I was having a hard time figuring out the whole thing.. I'm a visual learner and your tutorials have been amazing so far. I've been able to figure out everything a lot easier.
Just wanted to say thank you for these videos! So helpful
My professor should have just used your videos to teach this class. I have no clue what I'm doing.
You made me smile. Does that mean you're learning from what I show in my videos?
When I made these videos, it was mostly because I couldn't find anyone else who was teaching them, and I was doing so well, my professor wasn't teaching me anything new. I did get some nuggets from him, but I feel I learned everything through studying the game's response to my choices. It became a fun challenge for me. Thank you for watching! If you haven't subscribed yet, please do and share it with your class if you don't mind. (TH-cam won't pay me for these videos until I get 1000 subscribers.)
so relateable lmao
TH-camPreneur I wish I could subscribe more than one time to help you with that!!!!
First comment I have ever made. Ever. I just want to say thank you for all your videos. It has been extremely helpful.
You're so welcome. I'm flattered I was your first. Gratitude means a great deal in this life and goes a long way. Thank you for taking the time
Thank you so much for your videos! Our team are in round 3. I bought your drift sheet and would like to understand how to plug in the numbers. Do you have a video for the drift-sheet?
I don't, but I may make one as a private video for reference. If you need help now, please reach out to me via my website and I'll help get you the info you need.
You should do a tutorial on the rehearsal rounds!
They're basically the same as the competitive rounds. Thanks for the idea!
@@TH-camPreneur okay I got it thanks for these videos can’t wait to get started
Hi! Great videos man. It is very helpfull to have you on this platform. I would like to know if there is any chance I can get that excell sheet so I can work on my own and see what you are doing.
th-cam.com/video/iLfPXGmbIfk/w-d-xo.html shows how I made it. I don't think I have the document up anywhere to share it, but I do show you how to make it.
what type of strategy did you use? I have a question though if I have chosen a niche cost leader strategy, then how to do it
I'll answer this in case others have the same question. A niche cost leader, to me, means you're choosing one product to focus on narrowly (a niche). You, within that niche, choose to beat your competition by keeping your costs down, thereby allowing you to keep your prices down (the cost to the customer). This is what allows you to be the cost leader (in the customer's eyes).
The way you do it is focus your time and energy on one product, automate it as much as possible, pay for tqm, and follow the customer's desires to a tee.
Question... when forecasting for Amoeba, you factor in Able's high tech market share. Why is that?
There are only so many products that will be purchased in the year. If one product is always on top, it makes sense to consider how many products it leaves for the rest of the market to absorb.
Hello, Thanks for your sharing, I have some problem about how to choose the numble of Pfmn, size and MTBF. And I have notice that you have excel file. How do you make it? How abou the best value about pfmn and size in the report of each round?
th-cam.com/video/iLfPXGmbIfk/w-d-xo.html is the video where I show you how to make the drift sheet.
Hello, I have notice that you have change pfmn and size of your product to make the revision date December. Does that means you want your product produce hased on previous pfrm and size for the whole year of 2020 and until last day you change your pfmn and size. Does it make sense?
That's exactly right. The whole year, you're selling your old product until the December. That allows you to make an adjustment the following round, too, otherwise, you're stuck until the round after next. Because you also get insight into what your competition is doing at the end of each round, it allows you to adjust accordingly and sneak up changes on your competition at the same time.
Thank you very much for posting this!! Very helpful! What strategy did you use?
I have a video for every round including the results for each round. I did very well over all.
Hi, how can I get an excel ideal spot sheet like you have? The one I have is the one we did in the situation analysis. I would love to have a monthly ideal sheet. It would help so much.
Try this: th-cam.com/video/iLfPXGmbIfk/w-d-xo.html
Im on round 3 currently, and working by myself on it because of covid. I am stuck and I have no idea what do. I feel very overwhelmed and anxious with the situation. Everything Im trying is not working. :/
Send me a message via my website. I'll see if I can give you some pointers
for my round 3 i am unable to change the numbers for able. any idea why this is?
I'd have to see the pdf
I used these decisions as a near exact blueprint for mine, however, i still had to take out an emergency loan after round 2. I think i ended up spending too much on automation. I increased it to 5.8, still less than what he did. Any advice from anyone on automation rating? Do you guys think he increases it a little fast? My simulation is competitive against classmates and therefore is more difficult to obtain as significant a market share as these videos.
Mine were against my classmates, too. That's the difference. If your fellow students are as aggressive as you are, the increased competition may cause you to sell less, thus increasing your inventory and an emergency loan. My videos should act as a model to learn from, but because the high number of variables, you have to take the lessons learned from my videos as assistance to guide you in making tailored decisions for your rounds. I hope that made sense. If you have specific questions for your results, email me and I'll give you an honest opinion.
How do you make the excel spreadsheet with dates to tell you where the products would land, including the other teams?
I have a video that shows how to create the sheet. Capsim tells you how much the ideal coordinates will move each round, so they're predictable if you create the sheet. If you can't find my video on it, let me know and I'll look up the site url or I might create another video
th-cam.com/video/iLfPXGmbIfk/w-d-xo.html
My days of working capital are on the floor, how do I fix that? Thanks for these awesome videos, I have learned a lot and am actually starting to understand it.
By "on the floor," what do you mean?
@@RealEstateInvestingUnmasked I used these decisions as a near exact blueprint for mine, however, i still had to take out an emergency loan after round 2. I think i ended up spending too much on automation. I increased it to 5.8, still less than what he did. Any advice from anyone on automation rating? Do you guys think he increases it a little fast? My simulation is competitive against classmates and therefore is more difficult to obtain as significant a market share as these videos.
Where did you find / come up with the leading edge for your hightech margin? Like for every month instead of just seeing where it starts each round.
I have a video showing my draft sheet. I made the sheet figure out the perfect spots on a monthly basis. ;)
sorry, I replied while signed into my other account...I have a draft sheet video showing you how to set it up.
Thanks for your videos. What were your sales in round 8?
I don't remember off the top of my head, but I do have a video for round 8 results, I believe
Bob i need ur email please i have a big problem i need ur help it won’t take much time - please im in a big trouble-
Hi! I am currently in round 3 and have issued the max amount of long term debt in round 1-3. Is this okay? When will we have to pay this back?
Long term debt pays out a little per round every round. It's much better, imo, than current debt that requires you to pay the borrowed funds in the very next round.
How did you create the spreadsheet? We didn't learn how to creat something like that but want to win this simulation so bad lol
th-cam.com/video/iLfPXGmbIfk/w-d-xo.html
Ok I'm a little confused, do I supposed to add my company to these decisions like you did Amoeba or can I just use Able?
If I'm understanding you right, yes, you're supposed to add products and adjust the decisions each round like I did with the products I added. If you're looking for another answer, please rephrase your question.
@@TH-camPreneur I cant go back and edit rounds one and two, should I just add two new products in round three?
I like to add the products as early as possible, then introduce high tech products as the rounds progress
@@TH-camPreneur Ah ok! This helps a lot. Thanks!
Where do you get the ideal segment report?
I think you're referring to the excel file? I made it myself. I have a video that shows you how to make one. If you meant something else, give me a time stamp on the video and I'll let you know.
I cannot get any of mine to fall into December
Any suggestions?
The first round or two is easier, in my opinion, to land in December. It's ok if it lands in November, too. You may have to adjust MTBF's and the other numbers involved; however, if you are investing in TQM, you pretty much won't get one to land in December unless you're making dramatic changes (which aren't necessary).
Hi! I have a doubt...what's the point of revising your product on December...since you will selling the unrevised product throughout the year.
I like to have it right where I need it for the following year just in time for me to correct it the next round. If you let it land in the beginning of the following year, you're struck not being able to make changes until after the next round.
@@TH-camPreneur Got it...thanx for your reply buddy
Followed this tutorial and ended up being granted an emergency loan at the end of the round, didn't want that to happen.
Every round has variables you can't predict. If you make the same choices I made, you're not likely to get the exact same results. The principles you learn in my videos should guide you. Even I got emergency loans when I did the rounds, and still ranked in the top 99%, so it doesn't mean it's the end of the world. Good luck moving forward!
@@TH-camPreneur I wasn't tryin to bad talk your skills. My meaning was very lost. It sucks that what is predicted and safe and accounted for still goes haywire.
I hear ya. I remember getting my emergency loans and how much I hated it! If you're in the training rounds, the competition is a little more predictable. When you play against other humans, it's much more unpredictable... which makes it fun, honestly (if it wasn't for a grade...)
Do you help students individually?
Yes. Go to my website, www.capsimhelper.com
Hey man, great videos. My team is doing somewhat well compared to the others (we are always the top team or second place) but we triggered a $1.9 million emergency loan last round. I am trying to figure out what we have been doing wrong. We are currently on Round 3. Could I email you our financials? Thank you.
Sure! You can reach me through my website. You can also catch my new video on emergency loans.
hi I am in 3 round now, but I do not know why am I going to a negative value how can i make a profit to eliminate that?
Negative value where? You probably just need to adjust a few numbers. Did you borrow any long term debt?
@@TH-camPreneur yes i did borrow long term debt in 2nd round but before that it was showing 1.5 million current debt
What was the end result versus your predictions?
@@TH-camPreneur i donot have any idea.... in 3rd round i tried my best but couldn't make any money...i lost
Can you send me your fasttrack report? My email is found via my website, www.WatchBobOnTH-cam.com
The game won't let me adjust any staffing numbers. Why is that?
Are you in thepractice rounds?
@@TH-camPreneur I was in the practice rounds, but I'm in the actual game now and it still won't let me.
Either you haven't progressed far enough in the rounds or your professor turned off that feature.
Where are you getting the drift spreadsheet from?
+melissa bryant I created it. I can make a video to show to make one of you'd like. You take the first ideal location, find what capsim says is the drift rate, then enter it in excel. That will predict where your product ideal location will be throughout the year. So if performance is 5.0 and size is 12.0 and the drift rate is 0.5, you would have a cell that says for each month, 5.0 plus (( 0.5 divided by 12) times which month in the year you're looking for).
Like I said, I can create a video if that would help.
+melissa bryant th-cam.com/video/iLfPXGmbIfk/w-d-xo.html I just made a video for ya.
Hey man, thank you so much for the videos you have posted. I have tried to find an email address or a link to your website to send you a message regarding some questions that I have. Do you mind sharing this information so I can get in touch with you please? Thank you again for the videos, it's really helped me understand things and made the class more enjoyable.
Http://www.watchbobonyoutube.com
I'm glad I can help!
the volume is too low.
Can you be more specific? Do you mean my audio in the video is too low?