The Business Climate of eGreece Today
Buck Roger
Summary:
Land typically a bad idea.
Q1 Weapons and Moving Tickets under price pressure from within (foreign workers, often evading income tax) and without (import license). Q1 Gifts doing fine.
Q4 and Q5 Food a good idea. Q5 Weapons a good idea.
Housing a very good idea.
Based off of data collected for:
Business Opportunities in 27 Countries (Sept 20 data, 2nd edition)
Please vote up the article with the graphs for 27 countries... help it break into the top 5 of the USA and to go international!
Land
Not recommended. Foreign interests and the naive will always create enough Q2 and Q3 (or even the completely unprofitable Q1) Iron companies in Central Greece to meet any need. The rest of the Land industries could never keep up with the Land job market.
Q1 Weapons Industry
There is plenty of evidence that foreign-owned and employed Q1 Weapons companies are operating in Greece. What might not be so evident to the reader is that they are paying "under the table" in benefits or cash donation for all but 1 GRD of the daily salary. In this way, they can essentially underbid honest business owners by the 10% tax assessed on salaries when making wage agreements.
However, it is true that at least one group is doing this, and it is perhaps the largest, with apparently 5 companies, all named "GROM" and employing high-level Manufacture workers of Polish citizenship. I looked at the company page one day to see them listing 1 GRD as payment for skill 5 work. That was, obviously, a bid for their specifically-negotiated workers compensated in other ways.
Regardless of how we think of this issue--while they are evading taxes and making it hard on many Greek business owners, they are also keeping weapons prices lower than they could ever have been otherwise in a time of war, and the workers are allies from a resource-poor nation--it does make it obvious that now may be a bad time to enter this industry in eGreece.
Q1 Moving Tickets
Two factors have led to the Moving Tickets industry getting a beating on prices, albeit not as severe as the one dealt to Weapons. The first is that a few weeks ago the prices were phenomenal and that this led to a round of capital investment into Q1 Moving Tickets companies in eGreece. The second, perhaps more critical factor is that at least a half dozen Q1 Moving Ticket companies located abroad keep tabs on the Greek market, to which they have an export license, and will list here when the 25% Import tax is not too much to bear.
Q1 Gifts
Of the three Q1 Manufacture industries, Gifts alone shows a strong profitability, driven by high prices. There is evidence for constant demand for Gifts in Greece from none other than the Ministry of New Players, which holds GRD and is located in Greece. Don't everyone jump at once, but there could be room for a couple more.
Q4 and Q5 Food
The only Q5 Food company located within Greece is a concern that seems Romanian-owned. Some competition here (he fights against only importers at 60% Import tax) would drive down the price a little, but there is plenty of pie left to be had, as Greece is one of the largest economies in the New World at this time. The USA and Romania support a much higher ratio of Q5 Food companies (mostly because they've had very active business communities longer).
Anyone who wanted to open a Q5 company could make a very profitable stop at Q4 first. They might even like it enough not to upgrade to Q5.
Q5 Weapons Companies
I believe there may be 1 or 2 located within eGreece. If you can afford to build one of these companies, I'm sure you know what you are doing, and you wouldn't overlook the market of eGreece. But I'll mention it anyway.
Housing Companies
This seems to be the real winner of the report for eGreece. Every level of Housing would be profitable on paper in eGreece, even the often-difficult Q1 market. And, as you might expect, it just gets sweeter as you increase in Quality of Housing. There are a lot of wealthy people in Greece, there will be even more in the future, Greece has had continuous population growth for a while now, and the Housing companies just don't exist yet (in adequate number), especially not at the highest qualities. The Construction labor market in eGreece does not appear to be very hot at all yet. Anyone reading this who founds even a Q1 or Q2 Housing company to sell to eGreece could make a good profit. When necessary, upgrading to higher quality would almost guarantee a profit (the highest quality Housing companies prove to be profitable worldwide).
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Comments
Extremely useful info. Thank you.
very informative.i am thinking of opening my own business
voted and sub'ed Buck, thanks for the info... will check again in the future when I am able to own a comp and org.
Very useful but demand for gifts and houses is low. And the demand of weapons depends on the wealth of the people and if there are anywars.
Always appreciate the info you have. Tempted to open a business again, just need to get personal stuff sorted out.
the problem with the Greek economy is that a lot of noobs came around during the baby boom who are now gathering enough gold to buy or found Q1 companies but have no experience on how to run one.
so they start one and they pay way too much wages and drive up the cost of labour because they need to get to 10 employees, and then they need to sell all their products to cover wages and raw materials for the next day so they drive down the prices in the market.
the vast majority of them operate mainly at a slight loss or very narrow gain and will eventually run out of capital and just sell their companies pretty soon.
but new noobs are around to buy them, at least for now.
that also kills the already established companies run by people who know what they're doing because their workers leave for the higher paid jobs provided by the noobs.
the only reason why anyone would want to run a Q1 company in greece right now and earn something like half a gold per day on good days is if he sells parts of it in the black market or needs it for the bigger scheme of things (like providing food for workers in other companies)
Most of what is in any way a good idea were not Q1.
There is a lot of demand for houses. There is less demand for overpriced houses. I sell at least 3 Q3 houses a week. . . and my company is based in China. The prices on the marketplace have only been going up for weeks.
There is also demand for gifts. There is less demand for overpriced gifts, of course, and that should correct itself in the eGreek market. I'd give a warning to anyone starting a Q1 Gift company that you leave yourself open to the same flood of "noobs" and other interests that make Weapons and Moving Tickets hard scrabble right now.
The international report has several more lucrative opportunities. Hint: they're not in eGreece. (Although the housing market opportunity in eGreece is real.)
By the way, the Moving Tickets industry got "hit harder" by the election spike than I anticipated. All the cheap ones are bought out. I don't think we can blame it all on politically-minded Greeks; perhaps as many are bought by those wishing to choose a region in the home country in which to vote.
Regarding the Q1 Weapons i came to the same conclusion as to why the prices are so low ! It is so obvious what they are doing anyway!
The question is WHY !
This behaviour from this particular group in our market is something the administration needs to consider and EVALUATE !
The problem has already been listed Klazaides. Its noobs buying companies and not doing any calculations. They don't know at all how much the are paying per production point, and just want to sell their products so they don't run out of money. They eventually go bankrupt and then sell the company to the next noob who does the same thing. Things keep going this way and I might as well just shut down my iron mine too.
The gifts market is doing okay, but there are certain companies ruining it, such as,
"best gifts"
always undercuts devauling everything
"Aspis gifts"
massively undercuts with Q3, also a member of peace.