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Topic created : 3.05.2015, 17:12
AdRome
Five years with Virtonomics
Two years with Virtonomics
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l:
Roma Honorabilis
 
During the very early stages of building my company, I invested a significant part of my available capital in industry. As this did not amount to much, I would buy enterprises put on sale; this brought me to producing my products in Central Russia, North/West/East/South Kazakhstan and Northern China.
 
I am setting up stores in Northern China and my initial goal was to make a business that self-produced its products. As my factories are very distant, shipping costs and taxes are considerable (check out below a summary of my producing units).
 

CENTRAL RUSSIA
3 Mills (lvl 5)
 
NORTH KAZ
Clothing Factory (lvl 4)
Weaving Mill (lvl 1)
 
EAST KAZ
Butter Factory (lvl 2)    <---- upgrading to lvl 5
 
SOUTH KAZ
Sheep Farm (lvl 2)
 
WEST KAZ
2 Clothing Factory (lvl 1)
Shoe Factory (lvl 5)    <---- 1200 workers because it was recently built
 
NORTHERN CHINA
Clothing Factory (lvl 4)
Bakery (lvl 4)
Instant food (lvl 4)
Sausage Factory (lvl 1)     <----- Upgrading to lvl 5
Yoghurt [Dairy?] Factory (lvl 4)
 
>lvl 5 National Clothes &amp; Knitwear factories in Northern China being built
*Please note that I have full staffing in all my factories, except the farm (1/3 of workers because of qualification)
 

Should I continue investing heavily in new factories, or should I use my limited capital to open new stores? Do you have any suggestions?
Please also consider a future scenario!
 
Thanks Well !
   

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19.06.2015, 01:54
Sulaco
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Winner of the Contest for Managers in the nomination The Standard of Virtonomics
Five years with Virtonomics
Seven years with Virtonomics
l:
Weyland-Yutani Corporation
n:
EDEN Corporation
m:
Weyland-Yutani Corporation
 
That depends on how much money you got.
In the longrun, you should definitely reorganize your production to reduce costs, however this could need a lot of invesment. If you are short on cash, you should open some new stores to get some money or issue bonds to gain liquidity. I suggest to open some stores anyway, because retailing products of toher players can be very very profotable exspecially in unexploited markets.
If I were you I would set up some furniture or food retailing stores in Mexico. Prices are very high there, meanwhile the competition is quite weak at the moment. (whatch out for the 25% custom duties). 
 

20.06.2015, 23:57
mdmoyer
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Witch Mask World Cuisines, VII-XV places Shagreen, VII-XV places Mayor Mayor Mayor Mayor Mayor
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Winner of the Contest for Managers in the nomination Trade Turnover Winner of the Contest for Managers in the nomination The Standard of Virtonomics
l:
Moyer Industries
n:
WindSail Enterprises
m:
Moyer Industries
 
Stores in early stages is generally a very good idea. You need money to invest in things and its a good way to prevent bankruptcy. It will require a bit more managing but worth it in the long run. 
LifesaverM
CEO, Moyer Industries - Mary and Lien Realms
President, Infinity Enterprises Corporation - Lien
 

List of forums -> Lien-> Manufacturer in the Early Stages

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