Русский Українська Français Español Deutsch 中文
Login Password Register Forgot your password? English
Search Rating log
virtonomica

List of forums -> FAQ -> Expanding?


Topic:

Topic created : 2 February 2012, 05:19

Primetime93
Winner of the Contest for Managers in the nomination The Standard of Virtonomics Winner of the Contest for Managers in the nomination Trade Turnover
l:
UM Industries
 
Right now all i have is a store and im wondering when it would be wise to expand to another subdivision? And what should i get next? Thanks   

Page:
1
Message list:  

2 February 2012, 10:15.     Subject: also

Primetime93
Winner of the Contest for Managers in the nomination The Standard of Virtonomics Winner of the Contest for Managers in the nomination Trade Turnover
l:
UM Industries
 
% Occupancy Expenses Resources Products Volume
    0.12 %            0.00$ +0.0914   -0.29 -0.20
 
What do all these mean that have to do with my store? Is my store doing good or bad? 
 

2 February 2012, 14:56

JustNash
The winner in the nomination Standard of Virtonomics of the contest for presidents The winner in the nomination Storm of regions of the contest for presidents The winner in the nomination Your way to success of the contest for presidents The winner of the contest for presidents Fitness Tycoon Medicaster
Russia retail leader Winner of the Contest for Managers in the nomination Qualifying examinations for the Candidate's degree The winner in the nomination Your way to success of the contest for presidents Fitness Tycoon
m:
Premium Brands
l:
Premium Brands
By the fifth anniversary of Virtonomics
Strawberry jam
Strawberry jam
For a reliable partner!
 
from that intel I wouldn't be able to tell if your store is profitable or not.
 
If it is, and you have the cash for it, and you feel confident you can create a second profitable store, then that's what I'd do. Try to start it with the same types of products, but in a different city in the same region. But most importantly: first do market research! A good market overrules anything else.
 
Once you've established a stable, positive cash flow and have enough cash in your account to continue supplying your stores, you can think about buying or building a factory. In the very beginning, factories require quite some capital. There are the initial investments in buildings and machines. But then you have to buy materials on day 1 without getting any sales revenue. On day 2, the materials arrive (but obviously you need to pay for another batch as you will need to do every day), but then you still don't have any product you can sell. This becomes available on day 3.
 
You need to check your treasury to make sure you stay liquid :-)
 
Good luck! 
 

2 February 2012, 22:18

goto64
Winner of the Contest for Managers in the nomination The Standard of Virtonomics Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination Consumer Goods
Winner of the Contest for Managers in the nomination The Standard of Virtonomics Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination Consumer Goods Winner of the Contest for Managers in the nomination Qualifying examinations for the Candidate's degree Estonia retail leader
m:
goto64 Tutorial Company
l:
Kiint Universal
 
Your store has limited storage space for its stock.
"% Occupancy" shows you how much of the storage space is currently used (in your case very little).
"Expenses" is how much it costs you to keep those items in storage.
The last three values I think have something to do with the change in storage from one turn to the next, but I am not really sure.
 
To see if your store is profitable, go to your store and select "Financial report" -> "Graphics" from the page tabs. There you can see how much profit the store made last turn. 
 

List of forums -> FAQ-> Expanding?

Page:
1
Join VirtonomicsFacebookTwitter