Every team starts with three quarters of history
Before students touch anything, the simulation runs the firm for three quarters. Each team inherits a going concern, with statements to read on day one, not a blank page.
Here's Alpha's history, read the way an analyst reads it, quarter beside quarter. Revenue grew from $46.9M to $59.5M, and cash built up from $5.3M to $25.7M.
The point for your course
First assignment, before any decision: what kind of business is this, and where does its cash come from?