In this episode, I begin setting the stage for the next phase of expansion. I have already dominated the Snacks industry thanks to my expertise, I now set my eyes to the Food & Beverage industries.
Lessons learned when setting the stage:
1. Buy up tech
Where possible, start to buy up the tech for the products you want to start producing so you are not left behind.
2. R&D everything
Set up R&D for everything – including semi-products you might not produce. You never know, you might want to go into the Furniture Industry and it uses Timber to make paper anyways. R&Ds are not very expensive once you start making money.
3. Set up your retail stores
You may need to save up to set up retail stores for your new products. Don’t forget that aspect when investing in producing your products.
What do you think? Leave a comment below 🙂