Blue Dice
Gallente
Flying While Intoxicated
The Threshold
   |
Posted - 2008.05.16 09:04:00 -
[1]
Edited by: Blue Dice on 16/05/2008 09:04:48
 Originally by: Hexxx
What's all this mean?
It means that there are advantages to the sustainability and an overall reduced stress-level for people who run "group-based" IPO's or ventures. The downside is that you'll face additional challenges in turning profits since salaries are a large cost sink. As with all things, there are some exceptions, but the general observations I've laid out here are pretty accurate I believe.
While I agree with the fact that group based IPO's help reduce stress level and risk of "burn out" of the runner due to a shared work load.
In addition (while others say that it increases the scam risk) I rather tend to the meaning that the scam risk is reduced due to the fact that the "social" interaction with your partners generates an additional bond towards the IPO and an increased feeling of responsibility towards your Project.
However I have found that there where several points which make a group based IPO difficult in EvE, especially for players which are not dwelling in the IPO/secondary market business since long.
I will try to jump over the points that are common with normal IPO's like Reporting, self Funding and such.
1. It is difficult to find People that share the same interests and Goals for an IPO, you need to be able to compromise a lot to layout a plan that works for all members of the group.
2. You need to find people you trust, which takes time, a lot of time even.
3. Coordination within the group is crucial; it generates an extra management workload.
If you want to have employees which are not directly partners there are additional points adding to that:
For miners you will want to pay them more than what they get from selling directly to the market.
Manufacturers need to be paid for the slots they use for you rather than for their own purpose. The same goes for researchers.
You need a sizable workforce to guarantee you a certain amount of minerals mined/manufacturing done due to the difference in RL where you can guarantee a certain output per worker due to regular and fixed working times.
To add to the motivation to work for the company regularly an additional reward system might be needed.
Seen this, it is often easier and more reliable to just get the need resources through the market or by outsourcing them through contracts (not talking about the contract system, but rather about agreements made with other corporations/players directly)
The part about having employees was one of the things I wanted to try in my IPO, it started well, but effort was big as well for recruiting and keeping them happy. It's not this that made it fail it was my RL, so maybe I might try it again one day.
I didnĘt have any direct partners though, not that I didnĘt want to, but due to the fact that most of the players I knew well where from my former corporation and I did not want to take away the leading figures of it with me due to the respect i had and still have for the CEO and the corporation itself.
To sum it up a little:
Yes, it is a great way to run an IPO I believe.
No, it does not reduce workload a lot (it's external tools rather that can do that to an extent) since the reduced time to generate benefits by yourself is instead needed to organize and manage the corporation.
Nano Tech Inc.
|