[MoF] - Market advice to UK Business Owners
Bank of England
One of Wingfield's aims during this term as Country President was consideration to the economic welfare of players with factories in regions the eUK and regions like Scotland where we have a special arrangement with Taiwan to borrow their weapon's bonus for the region. The advice in this article should support any eUK manufactures do a simple business health check and offers some simple market advice.
The figures to generate profitability use UK's Work Tax rate, assumes work tokens are produce using world leading salary and prices are set competitively in a global market. It doesn't include return of investment for initial start-up costs (companies, factories and holding companies), food / energy costs however this can be useful to consider on your own individual company portfolio. Profitability is based on 1 "work as manager" click or assigning 1 "work token" in the graphics.
On the outset it should be stated that the Erepublik Business Module is generally a challenging one however can make your Erep experience more enjoyable if you try and get it to work alongside the Military, Political and Media modules so worth paying attention too or looking into if you've not already.
Market advice to Business Owners (or potential Business Owners)
⇛Producing WRM to sell by Work as Manager(WAM) - Only at Aluminum, Saltpeter and Rubber companies with as high productivity as possible ( at minimum above 180% ). Scotland or suitable foreign region excluding those held by countries the UK holds a training war with. It is advisable avoid using work tokens to produce WRM.
⇛Producing Q7 weapons to sell by WAM is profitable above 180% with as high productivity as possible ( at minimum above 180% ). Scotland or suitable foreign region excluding those held by countries the UK holds a training war with. This is whether you WAM to produce the required WRM or you buy the required WRM. Although more profitable to produce your own WRM. It would be advisable avoid using work tokens in the production of Q7 weapons
⇛Producing FRM to produce Food of any Quality - Only buy FRM at less than 3.00cc (prices have been generally a lot less). DO NOT WAM to produce FRM as it’s currently cheaper to buy FRM thus avoid the Work Tax. Food can be generally sold at a profit across all Qs (if buying FRM as indicated above) and produce above 175% productivity. Yorkshire & Humberside, North East of England and Scotland are all viable local options and there are plenty of suitable foreign regions excluding those held by countries the UK holds a training war with.
⇛Exercise market caution when producing HRM or ARM to sell - Ensure you understand the difference between the average cost of your work tokens versus your sell price to ensure profitability. All production should take place at Granite or Neodymium companies. Ideally only produce at 200% or above.
⇛Exercise extreme market caution when producing housing - Ensure you understand the difference between your average salary versus your sell price for profitability (whether you buy HRM or produce it using work tokens at Granite companies). Ideally only produce at 200% or above. The plot below shows the consequences of using work tokens produce using world leading salaries and keeping your prices very competitively in the global market
⇛Exercise market caution when producing Q5 aircraft weapons - Ensure you understand the difference between your average salary versus your sell price for profitability (whether you buy ARM or produce it using work tokens at Neodymium). Ideally produce at 200% or above. The plot below Q5 aircrafts can be profitable however only when you really understand your production costs and if you can find low cost ARM offers. There is risk in this emerging and often unstable market place for those who don't plan well.
A few simple tips to supporting a healthy UK economy
⇛Work as Manager as often as possible where it's profitable as it'll generate the UK income wherever in the world you may be and it's our primary source of income
⇛Buy and sell everything on UK marketplace as it raises revenue through VAT and import tax* (*when buying from foreign sellers)
⇛Keeping earning those medals
Hopefully this market advice and analysis will help you with your own business endeavours. If you have any market advice or business tips please do comment. Any mistakes in the analysis or data please let me know.
Minster of Finance (Governor of the Bank of England) - Huey George
Comments
Question for more experienced players: I stopped working in my business years ago, I earn enough medals to buy what I need with my energy. My personal goal is to keep 1,000 bars, million CC and 1,000 gold. Could fight more to increase personal reserves but do not see what I would need it for. I spend a lot on the wheel each month. What are other players personal goals and strategy?
Glad about producing wrm as I have rubber and saltpetre factories.
I will quit from to see what the diff is.
Good article from the original.
V + c
FRM is currently 2.1 in our market, so there is plenty of space before profitability is back for FRM by WAM. I had a large stockpile of FRM from doing too much WAM, so I won't have to buy or WAM for a long time!
Very sage advice about the house and aircraft weapons situations. We need to look for 200%+ productivity opportunities before delving too deep into that.
Thanks for your work in putting together all of these figures!