The shutdown procedure for a guest operating system and VM differs little from a conventional OS shutdown.
(This varies by operating system.)
You will see a window verifying that the guest operating system is in a state suitable for shut down.After you press Power Off, the VMware application window remains, with the logo screen displayed.
At this point you can use any of the VMware file or toolbar options, for example, to power on a different VM after switching to another VM configuration file, use the VM configuration editor to modify a configuration file, or create a new file using the VM configuration wizard.