Having finished the Real Estate Mogul Scenario, it was time to move on to the next one. The Breakthrough in Training Scenario brings about a new challenge with the following goals:
$1bn annual revenue
$100m annual operating profit
1000% Lifetime Shareholder Return (stock price hit $100)
15% Operating Profit Margin
1000 Employees working in corporation
Lessons learned in the intro to Breakthrough in Training Scenario:
1. Learn from past mistakes
With a huge starring capital, I decided to go with real estate again and invested heavily. I even took out a loan to invest more into real estate. The idea is to eventually have a stable income to use it to fund my other ventures.
2. With huge capital, invest in big margin products
Since I have a lot of capital, it is better to produce products that have good margins to allow for exports to be worth it. I decided to go into the Jewellery business by producing Gold Rings and Silver Necklace using mines that I own.
3. R&D and Market early
It seems like my competitors are very quick with their branding as they begin advertising very soon. However, as they seem to be reliant on the port, I wonder how long they can survive on the port to provide the key raw materials for both products.
What do you think? Leave a comment below!