The Do's and Don'ts of Buying a Company

Day 523, 22:27 • Published in USA USA • by Department of Citizen Affairs

We have all seen many companies for sale cheaper than any company should be sold. It can be quite temping to many players to buy that Iron company in Florida for 10 Gold, or perhaps that diamond mine in California for 9 gold. Unfortunately, many new players fall to this temptation and buy worthless companies for all of the gold they have in the hopes of getting rich. Many other players will spend 20 gold to start a business in a poor region then realize what they have done and attempt to pawn the business off on anyone who will buy.

Here are a few ideas to look into before buying your first company. (RM focused)

1) Always check the regions resources before going any further. Ohio may be a great place to live and work from, but it is a terrible place for an oil company. Look for High Production regions, the US has no high Iron so you should never consider creating an American Iron Company, you will suffer at the hands of foreign competition.

2) Investigate the cost of what you produce. If you decide to go into wood production, be sure to look into what quality level of lumber sells the best. You can buy q1 lumber at $0.7 per item, and you can buy q2 lumber (the equivalent of buy 2 Q1 lumber) for $1.4. That means q1 wood can compete well with q2. Lets look at grain, you can buy q1 grain for $0.58 or you can buy q2 for $1.00, in this case it will be more profitable to sell q2 grain.

3) Save up - a rushed decision with a business could end up hurting you. Yes you really want to open your grain company now, you have looked around and determined that Kansas is the place to open your company. You could spend your 20 gold to open your company and try to fight to be competitive and make profit. You can also consider saving up your money, reaching 40 gold and open your company at q2, you may make more profit as a q2 company.

Other things to keep in min😛

It is highly recommended to open an Org to manage your company. This has many benefits, it allows you to work elsewhere and keep a flow of money coming to your self early on, this will give you a little bit of room to work with.

Rea😛 http://eusforum.com/index.php/topic,1009.0.html One Eye has produced a very important guide when considering Raw materials.

HIGH Production regions
Grain
California, Washington,Montana, North Dakota, South Dakota, and Kansas

Wood
Pennsylvania, Tennessee

Oil
California, Texas, Oklahoma, Louisiana, Illinois, Alaska