Business And Economy Archive
Thread: Template for becoming a SWG VEnture Captialist
I have to agree with bluejanus on this. It sounds to me like a template for obsessive misery. But, maybe some people like micro-managing other people who just want to have fun.
If you have a pile of money already, it seems to make more sense to take the retail merchant role in the system. Buy wholesale from crafters you invested in. Check the bazaars frequently to see if they are cheating you by selling on the open market before they fulfilled their bargain. This gives you some degree ofcontrol, by allowing you to control the future revenue to the wholesalers.
LOL Obssesive Misery..such drama
When you have that much money, why bother with being a merchant?
Firstly, you arent looking for a bunch of yutzes who want to dabble. You are looking for the next Mega-Mart operator who has ambitions of running 100 harvesters and 12 guildhalls crammed with merchants, the guys who have the potential to bring in 10's of millions of credits a day. And you get a cut of that and all you had to do was front some of the startup cash.
It isnt for everyone, this is for people who want top become large operators fast, and fact is with some of the old mega-crafters leaving, its leaving vacancies for new mega-crafters to come in.
And you think its micromanaging, hardly, If you chose the right outfit to fund, really all you have to do is wait for the monthly /tips. Either you get paid or not, its still a gamble but VC is a gamble. You are gambling that your trust is well placed and that the people you funded will perform like they say they will.
ALso if you are at the stage where you have so many credits to burn, why not spread the wealth around and get some businesses off the ground?
BEsides, the current mega-mart operators didnt get where theya re by being stupid with their credits. They had well thought out ideas about how they were going to run their businesses and they keep track or their expenses and revenues using the various tools that are out there.
Sometimes really good ideas and really good businessmenget buried due to lack of money, and when runing a business, having cash on hand for the rough periods is a must for survival.
Kinshi wrote:
When you have that much money, why bother with being a merchant?
well, because being a merchant is the fun part? I have enough money to retire and not worry about my finances ever again (providing I don't go around making million dollar purchases all the time), but running a shop is fun.
nowaday it's not hard to get the money to start a business since there are plenty of easy ways to earn money. some of them don't involve combat skills (such as JTL content), and you can have fun while working.
bluejanus wrote:
Well the idea of venture capitalism is making your money work for you. Running a huge business with lots of harvesters is not venture capitalism. Venture capitalism is investing in projects like that with some seed money and getting either a portion of the profits or some determined amount.
But managing this would be rather hard. Need to track sales of the beneficiary of the investment and calculate and collect the profit cut. Need to find people willing to do that, since consignment vendors don't exist.
Consignment vendors incidentally would allow franchising.