GTA5 came out this month, and it’s an implausible game. Apart from the guns, strippers, drug dealers, fast cars, explosions, wholesome American fun activities, and the fact that you can play it using GTA 5 modded accounts PS4, the sport is filled with great lessons for tiny business owners.
Here are some that I found.
Businesses Create Residual Income
Once you create it into the desert north of San Andreas, you’re prompted to shop for your first business. There are many businesses you’ll buy throughout the sport, and everyone has different income possibilities, costs, and difficulties surrounding them.
What you may notice, however, is that every business gives you a residual income. The primary business I bought was the airport for $150,000. This gave me $5,000 in the weekly income. That’s a 30 week payback period. In real life, I wish I could get something like that!
As you progress, you’ll get more businesses that generate more income. Whether you would like to shop for the taxi company or the lodge, you’ll invest big for even bigger returns.
A Good Manager is Very Important, So Is an Involved Owner
When I bought the airport, I used to be introduced to a staffer who takes care of day-to-day operations. I never need to visit the airport in the flesh to create my $5,000 per week, but if I visit more I can make exponentially more.
Every business has its dark side as any GTA player knows. In GTA5, the airport could protect against an illegal gun-running operation. Each mission earns the owner $5,000. More involvement can mean lots more cash if you’re not proud of the established order.
Sometimes, an Honest Team is Definitely Worth the Cost
When getting a crew together for a jewelry store heist, I had to settle on between a couple of potential individuals with different skills. The higher-skilled hackers and gunmen cost over the less experienced counterparts.
I went with the most effective gunners possible but went with the new guy to hack the safety system and obviate the cops. While he cost but the experienced hacker, he took a far smaller portion of the loot. It clothed my decision was a foul one, because the window before the police were notified was only 90 seconds. An additional minute may have acquired a stronger hacker so some.
When hiring new staff, web developers, or vendors, keep in mind that sometimes you get what you pay money for.
Use Your Capital Wisely
Not all businesses are equal. Michael can purchase the golf club for $150 million for a $246,500 per week payoff, or he could buy the Ten Cent Theater for $20 million and earn $246,000 per week. The payoff per dollar invested is extremely different.
The same goes for your business. Not every dollar spent is equal, even though expanding costs money. In some situations, you’ll be able to spend less for the identical result or spend the identical for an improved result if you propose ahead correctly.