Companies

At what networth would you consider opening your first company?

I have a Bachelors in business and can buy the 2 stocks blocks for company effciency.

I have run 2 companies in my torn career (many many moons ago), and even with the correct educations and stocks you'll be making a loss for a while, unless you buy a profitable 9 or 10* company. The 10* TV station I currently work for is still making a loss for the director after consideration of wages, trains, advertisement and other boosters.

Your lower star companies you'll have to pay people a lot to work there as they will accumulate fewer job points, less perks etc. All.the while you're making less money than your higher star competitors.

Realistically I'm at 57billion networth and I would much rather make money from stock dividends and renting out fully upgraded PIs than running a business. I wouldn't even consider it before 25bil networth (and that's assuming you're will to burn through a good couple of billion to get it up and running).

the above might be true for 10 years ago but at the moment it's very easy to be profitable with any kind of company as long as you get coached by the right person. For companies that run at a loss, the profit comes from flipping, and for companies that just make profit, you can either buy one yourself and build it up slowly or have some rich friend split one with you and hold it for them. Star count does not dictate profit, in fact a lot of the time the best profit point is not at 10* but somewhere below that as you don't have to maximise ads to stay competitive with other 10*s. The most important obstacle in making money with companies is not not having enough networth, it's knowing what you're doing.

Started my first company in my first couple months, only had a few educations done, but got stock blocks right away. 

It depends on what company you are going to start and how you want to run it. You'll want to make sure you can afford the upgrades for your company so you don't end up stuck treading water for too long. Some companies are pretty easy to start making profit day one, some take a few weeks or months to be profitable easily. If you can afford to operate at a loss (or ideally break even), then you can likely grow faster by hiring employees who already meet job skill requirements. The hardest thing about running a company is recruiting, especially since we can't use 3rd party recruiters anymore. You will send lots of messages just to fill out your company. I have sent hundreds of messages and chats, and maybe 10% of people respond. It is definitely a grind until you get a good group of loyal employees and have your prices, ads, and salaries in order.