Business plan looking for verification

by **Biblost** 2010-10-02, 22:16

Hi,

At first I placed this as an article in my newspaper, but then I thought that a newspaper isn't supposed to ask questions, it's supposed to answer them. To ask questions we use forums. So here I am.

Me and Critically are discussing to buy or create a company in eBelgium. Since we both have zero experience in running a business in neither game or real life, we would like to show you guys our business plan over here. Please let me know what you think, whether you think there would be a market for this product, whether you would buy it and whether you think we will make money.

The idea is quite simple: we create an organisations which will create a Q2 moving tickets company in Belgium, which will create moving tickets that allow to move 4 zones. This would cost us 65 gold, which we don't have at the moment, but we'll get there :-). Oil is expensive in Belgium, but so is moving the organisation to other countries that have cheap oil. :-)

Any comments? Investors are also welcome.
Bib-lost

by **Innos28** 2010-10-02, 22:31

but so is moving the organisation to other countries that have cheap oil. :-)

Yeah ehm those days are over.

In V1 you could move your org to another country and just donate raw materials.

This actuaaly still works in V2. BUT
The amounts of raws used are ridicoulisly high in V2.

Like a guru 3 star would need 400 raws in a day.

Keep in mind that you are donating @ 1 pieces per time.

So that is wasted time really

by **Biblost** 2010-10-02, 22:46

That's why I've been looking for V2 business. Unfortunately I didn't find them so I read some well-written V1 guides. Are there more important economic differences between V1 and V2 that I should know?

by **Innos28** 2010-10-02, 23:28

well you should check te erep wiki.

Basicly all the formulas changed.

One of the results of this is the higher consumption of raws.

by **Critically** 2010-10-02, 23:30

We are doing that Smile

We are reading and reading all the wiki pages about economy, moving tickets, etc., etc.

by **Glenn Wauters** 2010-10-02, 23:43

As I hear Innos, you guys better open up an oil RM company in a foreign country and import it into Belgium
When you have enough money you can buy a Moving ticket company and use you RM company for the RM needed

Thats what your long term plan could be

by **Critically** 2010-10-02, 23:45

I was thinking about that too but I'm not sure about that... It would cost double gold ...

by **Glenn Wauters** 2010-10-02, 23:56

It would idd, I'll have a look at possible buy options for you

MT company Q2: good idea, but how to be sure they will sell? While gathering the gold needed to open a company and upgrade it to Q2, check the MT market, write down to see how much tickets were sold by a company
Dont write the exact number, only write the total sum tickets (except the most expensive ones cause those are ridiculous)
If you see that the amount of tickets raises a lot then they arent getting sold, otherwise it means they cant keep up with the selling and their amount is decreasing

I also checked wich MT companies are still working:
Working:
Brussels Express
Olivia Travel

Not working:
Sabena.be
eBelgium Airline training
Muffin Air
Infiniti

As you noticed for yourself, this isnt looknig good
Not working companies still are selling tickets at a low price and thy arent getting sold
If you start a Q2 company you will have to export the tickets

= Starting a Q2 Ticket company? Not advised

Belgium is a bad place to start up a company right now
Wait untill the admins have done thier latest changes and then check wich market is best to sale in
So especially dont open a food company cause with the removal of hapiness all food becomes worth the same, so they all get the same and prices will probably drop

by **Critically** 2010-10-02, 23:59

you are right .... I will think about it ... But now I will sleep !!

by **Biblost** 2010-10-03, 10:21

The thing is, we both want to make money by starting a company - duh - but we also both have a certain feeling of patriotism, we both want to stimulate the Belgian economy. Most active entrepreneurs that start the game in eBelgium usually move out of it because it is not interesting.

by **Glenn Wauters** 2010-10-03, 10:26

Yes, i know
But Belgium is still some kind of paradise atm
Low wages are good, so for exporting it is ideal

Problem= Export license is very expensive + Import taxes in a foreign country can change within a week and then your expensive license isnt worth a penny

You can also produce goods and then take them out of your company and sell them on the black market

by **Biblost** 2010-10-03, 10:32

Not really interested in the black market for such cheap items, might be interesting for, say, Q5 houses, but not for Q2 moving tickets.

by **Theneka** 2010-10-03, 22:00

Q2 moving isn't realy usefull. I just use 2 x Q1 xD

by Medrolke 2010-10-03, 22:39

Belgium isn't good for companies. You have a choice: Start a company in Belgium and hope you break even, or make a profitable company somewhere else and make a company in Belgium when you can acually afford to take the risk.

Exporting iron/titanium to big countries can be quite profitable (I made quite a bit) and are easy to run so I'd suggest looking into that.

Most other industries would probably need more experiance/capital.

Investors are also welcome.

The multineisains killed my titanium company so I'm looking for a new income. I could invest a bit (and help run it if you want me to) if you came up with something good.

EDIT:

But Belgium is still some kind of paradise atm
Low wages are good, so for exporting it is ideal

Yes, but finding workers will be more difficult.

by **Biblost** 2010-10-04, 08:13

Me and Critically will consider your offer.

by **Boklevski** 2010-10-04, 08:25

I have a closed oil company and could pay for an export license to export oil to eBE and get it back operational...

However, I would hardly be able to operate break even, as the market is slow and prices of oil are not really THAT high in eBE, being on the same level as Croatia and beating countries like France, Brazil, Romania (!), Russia (!!), Spain and UK. (http://erepublik-market.cz.cc/raws.html)

For the rest: Moving Tickets = BAD.
I have such a company in eNL. I know how it is. Wink

by **Biblost** 2010-10-04, 10:12

So, you suggest our first company to be a raw company? But doesn't a raw company need to be Q5 to be profitable? We don't have the gold to immediately buy a Q5 company.

by **Sammy Tanghe** 2010-10-04, 12:18

Q5 doesn't exist for raw companies anymore, it's all Q1 now

by **Glenn Wauters** 2010-10-04, 15:03

Sammy Tanghe wrote:Q5 doesn't exist for raw companies anymore, it's all Q1 now

what he said Smile

Grain companies are good at the moment to invest in since a lot of people have food companies
If you guys could succeed in selling at 0.02 (of any currency) with making profit, you can start filling your pockets
Ofcourse (I dont have a RM company) I dont know if it is possible to make profit with 0.02 per grain

by **Biblost** 2010-10-04, 15:29

Glenn Wauters wrote:Ofcourse (I dont have a RM company) I dont know if it is possible to make profit with 0.02 per grain

Neither do I. But it's good to know that I will not have to upgrade my raw company. I think there might be some business opportunities for Critically and me here. :-)

by **Critically** 2010-10-04, 18:30

I am thinking about everything is said here... I am an economist (I study economy) and I have leared that research is a very improtant thing. I am now busy with the moving tickets. (how much do it cost to make a moving ticket company, how much do it cost to produce a moving ticket, what are the best ways to sell this things, etc.) So I will be a little bit absent at this moment. If there are people intressed for investing in our company you may tell it to Biblost or to me. I will make a business plan to make sure you will get your money back if you need it.

-Critically

by **Biblost** 2010-10-04, 19:20

Well, the one fact why I'm still a bit unsure about having too much partners using the same organisation account, is that only one of them needs to be greedy, changes the password and denies acces to the organisation to the others. Since the adminds denied contracts, there is nothing to do about that.

by **Critically** 2010-10-04, 19:32

Do we have to give them the Org. password? Can't they just be an investor wanting his/her money back if they need...

by **Biblost** 2010-10-04, 19:35

Well, there the problem lies. You need a lot of trust between investor and company owner, because there is absolutely no penalty for betraying someone in this game. If we decide not to give our investor his 20 gold back, then there's nothing he can do about it. Sad, but true. This makes me want to use no investors.

by **Critically** 2010-10-04, 19:39

You are right ... Maybe we first have to search for gold by ourselves. And if we fail to find some gold, them we can ask other people.

-Critically

by **Sammy Tanghe** 2010-10-04, 19:39

is it me

or have the MT changed from range with the removal of happiness?

by **Critically** 2010-10-04, 19:41

yes they removed hapiness...

@Biblost, you aren't online ingame?

-Critically

by **Biblost** 2010-10-04, 19:41

Sammy Tanghe wrote:is it me

or have the MT changed from range with the removal of happiness?

Of course it's you, silly Very Happy

No, it is not, they have really changed. But that's just because the customization points were redistributed. As you can see, these companies DO have a +1 for wellness, which they didn't have before.

by **Biblost** 2010-10-04, 19:42

Critically wrote:yes they removed hapiness...

@Biblost, you aren't online ingame?

-Critically

I am, and where are you?
Waiting for you in the chat room.

by **Critically** 2010-10-04, 19:43

I am coming to the chatroom Smile

My internet is slow today ...

by **Glenn Wauters** 2010-10-04, 21:35

I hate the changes, my company will go bankrupt by workers that dont want to get high health and by removal of happiness

by **Critically** 2010-10-04, 22:30

Fire them and hire high health people !!

by **Biblost** 2010-10-05, 07:46

Critically wrote:Fire them and hire high health people !!

Easy said by someone who never had to run a company in eBelgium. :-)

I did predict some problems for the food industries, and so did many others. After all, the competition is much higher now, because there's only one factor left. I expect many to go baknrupt soon.

by Habraka Abrivianius 2010-10-05, 10:09

My advice, wait till the new countries are added, and make a RM company there, preferably a High Iron one. The new countries are bound to have High RM, and if you get in as soon as they are added, you can first make a nice profit selling in the country you make your company in, then when the dust settles and prices start to stabilize, you should have enough Gold to buy an export license to another country, or even make a second company in another High RM region in a different new country, instead of going for licenses.

RM companies > manufacturing companies most of the time.

by **Boklevski** 2010-10-05, 10:16

Sammy Tanghe wrote:is it me

or have the MT changed from range with the removal of happiness?

Yup. I used to have +0 health, +0 happiness, +2 zone movement... and now it is +1 health, +1 zone movement... Shocked

Is there really NO-ONE of the admins that might at least TRY to understand I didn't select health, but extended movement, for a reason? Neutral

by **Glenn Wauters** 2010-10-05, 12:26

No they dont
Admins are idiots
The onliest good idea they ever had in their life was starting this game, all extensions were or bad or good but removed

by **Sammy Tanghe** 2010-10-05, 13:31

Biblost wrote:
Critically wrote:Fire them and hire high health people !!

Easy said by someone who never had to run a company in eBelgium. :-)

I did predict some problems for the food industries, and so did many others. After all, the competition is much higher now, because there's only one factor left. I expect many to go baknrupt soon.

food now only gives 2 HP for a Q1. So there will be more food used in a way.

and about bad people with bad health working: if they didn't listen to your warnings, lower their wages Very Happy

I currently got a company in China, and there the problem is differently: a lot of wellfed good citizens, but increasingly high wages due to too many companies and not enough people :S

by **Critically** 2010-10-05, 19:10

Habraka Abrivianius wrote:My advice, wait till the new countries are added, and make a RM company there, preferably a High Iron one. The new countries are bound to have High RM, and if you get in as soon as they are added, you can first make a nice profit selling in the country you make your company in, then when the dust settles and prices start to stabilize, you should have enough Gold to buy an export license to another country, or even make a second company in another High RM region in a different new country, instead of going for licenses.

RM companies > manufacturing companies most of the time.

Thank you for your advice !! I will speak about it with Biblost !

-Critically

by **Glenn Wauters** 2010-10-05, 20:16

Sammy Tanghe wrote:
Biblost wrote:
Critically wrote:Fire them and hire high health people !!

Easy said by someone who never had to run a company in eBelgium. :-)

I did predict some problems for the food industries, and so did many others. After all, the competition is much higher now, because there's only one factor left. I expect many to go baknrupt soon.

food now only gives 2 HP for a Q1. So there will be more food used in a way.

and about bad people with bad health working: if they didn't listen to your warnings, lower their wages I currently got a company in China, and there the problem is differently: a lot of wellfed good citizens, but increasingly high wages due to too many companies and not enough people :S

I cant do that in Belgium, if I lower their wages they will leave and the productivity of other is dropping
I just fired one guy that worked 49 health, but now a different one worked at 29 health, hes the next one to fire

by **Critically** 2010-10-05, 22:11

Glenn Wauters wrote:
Sammy Tanghe wrote:
Biblost wrote:
Critically wrote:Fire them and hire high health people !!

Easy said by someone who never had to run a company in eBelgium. :-)

I did predict some problems for the food industries, and so did many others. After all, the competition is much higher now, because there's only one factor left. I expect many to go baknrupt soon.

food now only gives 2 HP for a Q1. So there will be more food used in a way.

and about bad people with bad health working: if they didn't listen to your warnings, lower their wages I currently got a company in China, and there the problem is differently: a lot of wellfed good citizens, but increasingly high wages due to too many companies and not enough people :S

I cant do that in Belgium, if I lower their wages they will leave and the productivity of other is dropping
I just fired one guy that worked 49 health, but now a different one worked at 29 health, hes the next one to fire

Yes indeed! No Mercy !! Business is Business !!

by **Theneka** 2010-10-05, 23:04

Lolz. You're a communist?

by **Critically** 2010-10-05, 23:05

Long Life Communisme !!

by **Biblost** 2010-10-06, 07:51

Lol no mercy for greedy capitalist workers :=D

by Ivan Alexashenko 2010-10-06, 08:10

Dont except profit.
Companys more like a burden...
The only profitable business is now weapon companys(Q5 or Q1 for poor)

by **Glenn Wauters** 2010-10-06, 10:40

And grain as I look at Belgian market
Just a few thousand 0.03 grain
Create a grain company in a foreign country and import into Belgium Very Happy

by **Boklevski** 2010-10-06, 11:19

Glenn Wauters wrote:I just fired one guy that worked 49 health, but now a different one worked at 29 health, hes the next one to fire

Nice.

I have job offers in my company open all the time, even when I have 10 employees.

When another one joins, I kick an inactive one or low-health-and-not-responding-to-pm's one out. If I don't have anybody to kick out, I operate my company with more than 10 employees. Maybe the productivity bonus will be a bit lower, but at least I've got a buffer to kick people out when they start working with low health Wink

by **Glenn Wauters** 2010-10-06, 11:35

Boklevski wrote:
Glenn Wauters wrote:I just fired one guy that worked 49 health, but now a different one worked at 29 health, hes the next one to fire
Nice.

I have job offers in my company open all the time, even when I have 10 employees.

When another one joins, I kick an inactive one or low-health-and-not-responding-to-pm's one out. If I don't have anybody to kick out, I operate my company with more than 10 employees. Maybe the productivity bonus will be a bit lower, but at least I've got a buffer to kick people out when they start working with low health

True
But I have a large stock inactive workers to kick out right now Very Happy

by **Biblost** 2010-10-06, 19:13

Ivan Alexashenko wrote:Dont except profit.
Companys more like a burden...
The only profitable business is now weapon companys(Q5 or Q1 for poor)

Weapon company's? Not in Belgium I would assume ...

by **Glenn Wauters** 2010-10-06, 19:20

Biblost wrote:
Ivan Alexashenko wrote:Dont except profit.
Companys more like a burden...
The only profitable business is now weapon companys(Q5 or Q1 for poor)

Weapon company's? Not in Belgium I would assume ...

I've noticed that the grain sector is almost depleted in the 0.03 part
So as I said before, go for grain

by Ivan Alexashenko 2010-10-06, 20:40

Glenn Wauters wrote:
Biblost wrote:
Ivan Alexashenko wrote:Dont except profit.
Companys more like a burden...
The only profitable business is now weapon companys(Q5 or Q1 for poor)

Weapon company's? Not in Belgium I would assume ...

I've noticed that the grain sector is almost depleted in the 0.03 part
So as I said before, go for grain

Read this:
http://forum.erepublik.com/showthread.php/103578-Hospital-changes-Day-1-051-of-the-New-World

New changes that will KILL FOOD companies.
Just a little part of it:
"we will offer to each side of the battles one free hospital in every 2 hours mini-battle.

What does this mean for a citizen? Whenever you enter into a battle you will get 100 free health from the hospital. If you consume it you can get 100 more health for free in the next 2 hours mini-battle."

by Sponsored content