Tips for New guys #2 Company Advice?
Joe DaSmoe
Hello subscribers and new readers,
Thank you for your support! If everyone votes when I write these, it will remain visible to new guys, so VOTE it up! Lets educate America! Lord knows we need it.
I am going to write articles periodically, hopefully this will be a help for new players. I'm still learning the ropes myself, so when I learn something of value I will share it. I will also write them in a way that reflect my RL personality, Average American. That's right I ain't no college boy if you know what I mean. I'm just some dude who plays this game. So I'll keep my posts simple, easy to read.
IF YOU WERE "BORN" TODAY read my fist atricle it will help out.
________________________________________ _____________
http://www.erepublik.com/en/article/tips-and-advice-for-new-eamericans-718437/1
____________________________________________ _____________
This article will cover one issue, Companies.
I'm a new company owner myself. I have a Q1 iron company DaSmoe Mining. I am struggling, but profiting. I hope that my recent article will help citizens be more productive. Most new players fail to see the impact wellness has on production. When you have high wellness, you produce significantly more product.
Why does this matter to you? The more you produce, the more you get paid.
Employers will make more money and be able to gift you to raise your wellness. I have been lucky in that I have found two or three loyal employees.(through my work as a recruiter) Its hard to keep workers. The only reason the guys who I described as loyal stick with me is because I have helped them out since their first day or close to it.
Unfortunately, I can't afford to help them all so they move on or go inactive.
________________________________________ _____________
If you are just starting out, like me, I would suggest you do your homework, keep yourself up to speed. As I said before the forums are where to do this.
Seek out loyal workers, you help them out, they help you out. If you can form a relationship with your employees maybe they will help you out and not quit to go get paid a dollar or two more per day. Competition for workers is crazy right now, 50% of the country doesn't work(dead, inactive whatever) and there are a ton of companies seeking the ones who are active. This competition drives wages through the roof, especially in Raw Material(RM) companies. The fact is its makes it tough to make money early on, I even ran at a loss for a time. Point is stick it out. You will eventually profit if you actively communicate to your workers.
//////////////////////////////////////// //////////////////////////////////////// ////////////////////////
But who the Hell am I? I want to see some comments from veteran GM's!
//////////////////////////////////////// //////////////////////////////////////// ////////////////////////
VOTE THIS UP, If everyone votes this up it will go top-rated and draw attention.
I'm thankful that my last article was helpful, if anybody has any helpful tips post them here.
The comment thread in my last article proved helpful, Hopefully this one will as well.
Joe DaSmoe,
new guy all over again
Here are some good links to papers on the economy, subscribe, these guys write good stuff.
_______________________________________________________________ _____________
http://www.erepublik.com/en/article/the-word-on-1-7-09-719200/1
http://www.erepublik.com/en/article/forget-what-you-think-you-know-about-economics-718451/1
http://www.erepublik.com/en/newspaper/egold-137172/1
there are more good economic writers out there, seek them out!
??????????????
If anybody would help me out by working daily for me, PM me about it! thanks!
http://erepublik.ws/tools
Comments
Having just started a moving tix company, I'll be following the comments. Any advice is appreciated.
Seems like now might not be the wisest time for starting up new companies.
man joe,
you do a damn good job man. Again the links are great. You really demonstrate activity and experience. By the way you got an awesome writing-style for beeing just some average guy. I think you could improve one or two things but basically you write correctly, well readable, rather interesting and very very well stuctured.
Just: You e.g. start a few to much sentences with I.
Greetings Jan
VOTED
In general, if you can demonstrate that you'll be a good employer, you can find people to stick around. Never let the company run out of money or raw materials, hand out frequent raises, and so on. In my company, most employees get a $0.50 raise a couple times a week as their skill and wellness rise and I can afford to pay them more. I think it's more important to give out frequent raises than big ones, though, so if you can only afford $0.05, you should still give out raises.
In most industries, Q1 is extremely hard to compete; the exceptions are gifts, moving tickets, and weapons during a war. So you'll want to upgrade as soon as you can; that'll take a lot of the pressure off. Your main advantage is that you don't cost your employees much wellness - advertise that when you're hiring!
You definitely want to stay at the max employees mark; if you can't afford to pay market wages, a good way to do that is to start by hiring some skill 0 players, and wait for them to go inactive. Sure, some will keep playing, and you can let them move on to a better job, but half or more will end up on your roster, counting for the multiplier, but not costing you any money since they don't play anymore.
I'd be happy to answer an few PM's if you have specific questions.
Thanks for the help. Us newbs need all the help we can get. Great article.
I give small gifts to people... gifts of food if I cant afford more. I presently have 10 employees in a Q1 wood company, but I have to be careful to make sure I have enough money for payroll.
I give small gifts to people... gifts of food if I cant afford more. I presently have 10 employees in a Q1 wood company, but I have to be careful to make sure I have enough money for payroll.
I feel ya Boss
Also, you shouldn't start a company. Look for a good on on the companies for sale page. You can pick up a decent company in a high resource area (for RM), for cheaper then it costs to start a company. Also, you can sometimes find a Q2 that's cheaper then the 40 gold it would cost to start a new one. Sometimes you can turn the company around and a make a profit on re-selling it a couple days later.
Cool... these should be stickied... it will be a shame to see a useful article like this disappear after a few days
The raw material market is sky-high labor pricewise. The problems I see coming:
1. There are not enough RM workers to meet the demand. Since you cannot disband a company, they keep trading hands and the market never corrects itself, but instead is constantly more obese with unnecessary companies in general.
2. Workers are being priced (Human Resources market) based on high-wellness "war" times. When you have larger percentage of workers above 90 wellness. As the general population wellness falls, from lack of ability to use our hospitals and unwillingness to spend their earnings on positive wellness devices, productivity (as Joe mentioned) and profitability will fall dramatically.
3. Workers are being priced (Human Resources market) based on their productivity with unreasonably high trivia scores (ie decoder) as such should the decoder, suddenly become ineffective, we are in for trouble.
Two Outcomes Exist:
1. On the whole if enough people do not switch their skills to the RM industry, all raw material prices will need to rise in order to meet the costs of labor.
2. Raw material labor price will make a sharp drop, as enough firms fail/disband temporarily, and the market corrects itself with less demand for their labor.
Both of these outcomes can be avoided. I'm curious if other industries are feeling the pinch aswell?
It seem that the RM markets don't all rise and fall together. Right now it seems there is a glut of Grain companies which has pushed the cost down quickly. 2 weeks ago you had to pay $1.8 per Q2 grain, now it's down around $1.4 per Q2 grain. Compare that with Wood which is running about $1.7 per Q2, or Oil which is $2.4 per Q2.
I think as the Grain companies fail because they have too high salary costs, the prices will go back up, and once all the new Oil companies open, that price will drop. People just keep moving into sectors that are making money, and hope to "strike it rich". I don't think you can lump all the RM companies together.
I didn't get any response last time so I am asking again:
At V1 I have no idea how much I should to get wellness gain with Q1, Q2, Q3 and Q4 food and house. For me it looks like random numbers 😐 I have 83.06 wellness and Q1 house + Q4 food. How much I should to have wellness tomorrow? Thanks
@ JackTheKnife, bookmark this. If you're looking for employment abroad ever. Let me know.
http://www.cccp-group.org/index.php?page=erep_wellnesscalc
The problem with RMs and companies in general, there are too many. A "liquidate" function would be nice just to get rid of companies.
Joe: I would suggest amending your article to include a warning about companies for sale: They are selling it for a reason. Sure, there are deals out there, but sometimes it's not worth the risk. Another thing to be wary of are the RM companies that are Q2 selling for 20-30 GOLD. At first, they look like steals. Upon closer attention, you will notice that they are in regions with no production or medium.
Whoops, meant to post that with my citizen account 😁
Is there a gov't program for start-up loans for businesses?
I don't think so, but Ive heard some discussion of it in the forums.
luv the articles. they're great.
VOTED! 😃
and what does "RL" mean? lol
nice
RL = "real life"
haha ohhh.... thanx 😃
Another nice acticle Joe. Thanks!
Voted 🙂
Periodically raise your worker's salaries if they are active, to reward them, as well as to keep them from finding a higher paying job.