BitLife Business Update-Tips and Tricks

Welcome to yet another blog, this time-Business update time! 💸

To start off, you should finish business school once you turn 18, this will help with your career opening later on! 👨‍💼

After you finish business school, you should head over to “Business” tab, and then choose one of the two options “Start up” or “Acquire”, if you choose “Start up” you will start building your company from 0, and if you choose “Acquire” you will buy an already existing business 💼

Now once you click “Start up” you will get to choose the type of company you want to own, I went with a Clothing Outlet.

Once you choose that, you will automatically need a product, set your salary and choose how much money you want to invest into your business. 🔧

I decided to make a sundress, once i selected that, you need to set the following:

•Fixed cost/unit

•Marketing cost

•Price

•Production

Depending on the product you should carefully choose! 💶

Now, you will get a whole new tab, where you can do the following:

•Annual Reports 📆

•Balance sheet 💸

•Bonus 🤑

•Employees 🚻

•Facilities 🏭

•Invest 🏦

•Payroll

•Salary 💰

•Sell the company

•Team building 🏗

•Valuation ⚖️

And a big new tab “Add New Product”

Now let’s go through most of them:

Annual reports 📆

Through this tab you can see your performance over the years, your net income, profit margin, revenue etc.

Bonus 💰

This is self-explanatory, you can give yourself a bonus through this option! We advise this ONLY if you are leading a successful business

Employees 🚻

You can view people that work in your company and interact with them!

Options are:

-Compliment 😘

-Fire 🔥

-Bonus 💵

-Recognize ⭐️

-Warn ⚠️

-Yell 🧏‍♀️

Through this tab, you can also hire new employees 🆕

Facilities 🏭

Through this tab you can see your owned factories but also open new ones/close existing ones

Invest 🏦

Through this tab, you can invest money from your bank account. The money goes towards your business

Salary 💰

Choose your own salary

Sell 💴

Sell your company

Team Building 🏗

Take your team on a deserved one day trip! This will boost their work performance and your relationship with them!

Sadly, you cannot pass down your business but BitLife confirmed today 12.9.2022 that it will be included in the next update! 🔧🔜