How does businesses works?
I am wondering one thing, do changing advertisement costs and sale prices effect the demand and competition?
or are they just randomly generated every year?
I want to build and keep a company for multiple generations without having to actually micromanage every single year without a break. If I can do advertising and price changes to keep the company just steady it would be great.
But seem like price and advertising actually have no effect or whatsoever on the demand and competition. I would really appreciate a conformation (or ideas) about ads and price relation to demand and competition.
For those who wanna build big business quickly, this is the way.
Go to israel and start robotics. Demands doesn't matter, competition doesn't matter, just start robotics.
*Any country is okay, it's just that Israel is most profitable, China is one of the cheapest to start if you have low budget, ofc with lower profitability.
Produce Evil robots. Set $0 on ads, set price to 12.5M a piece and produce like only 4 or 5 of them. Skip a year. No increasement on factory number or employees yet.
*Pay them default or low at first year if your capital is limited.
If the product sold out and they give you a number, (analysts said you can sell 2442 more blah blah), you can increase it a bit. Spend HALF* your capital on building more factories, hiring more employees and increasing their payroll and producing more Devil robots.
*You risk going bankrupt if you don't keep half capital free, especially if demand is low and competition is high.
You may only need a few years to set up 200 factories and pay big bucks to all your 150000 employees. Adjust number of of devil robots produced yearly depends on demand and numbers they give, it's pretty intitutive to continue from here.
Sell it whenever you think you want to, and enjoy.