The BitLife Business Update is now available, meaning Bitizens can now start their own business. Options include forming a startup, acquiring an existing business, or leading a company. This guide will explain how to start a business in BitLife.
How to Start a Business in BitLife
To start a business in BitLife, you’ll need to look in the Special Careers section of the job section. Select Business, and then choose Startup to create your own business.
Here’s a step-by-step guide to starting your own business in BitLife:
- Start a new life and work your way through Business School.
- Tap on the Job button on the main screen.
- Tap on the Special Careers option.
- Select the Business option.
- If you don’t already have Boss Mode, you’ll need to purchase the Business Job Pack.
- Select Startup to start your own business, or Acquire if you want to buy an existing one.
- Choose your industry, and check the demand meter to project its success.
- Set your initial investment and tap on Start my business.
- Pick the name for your business and tap on Select Name.
Congratulations, you’ve started your own business in BitLife! You’re now the CEO, and you’ll need to start by deciding how much of a salary to pay yourself. A modest amount is a good idea to start, as you’ll only have limited capital.
Next, you’ll need to introduce a new product line. It’s a good idea to perform market research first. If the demand is high and the competition is low, it’s probably a good idea to do a product launch to test the waters.
Next, you’ll need to edit your production plan for the new product, which includes the fixed cost, marketing cost, retail price, and production. Be mindful of your overall capital. Don’t invest too much in a single product launch.
Ensure your marketing and fixed costs do not exceed your price per unit. The price per unit minus the total of the fixed cost plus marketing cost times production is your estimated profit. You’ll need to adjust your supplier if you need to reduce fixed costs.
Profit = [Price per unit – (Fixed Cost + Marketing Cost)]*Production
When you’re all set, age up a year and monitor your business’s performance. Repeat this process and launch a few different product lines. Remember to treat your employees well by recognizing their efforts and giving them bonuses when the time is right.
Make sure to go into your Job tab, tap on your business, and manage it. Hire new employees when necessary, and keep their morale high by complimenting them and giving them bonuses. Set up new locations and launch new product lines to expand your business. Keep an eye on your Annual Reports to track performance and profitability.
When you get your business running like a well-oiled machine, you can keep it cruising or get a valuation and sell the company for a healthy profit! Selling a company is how you rake in the big bucks in BitLife.
Types of Businesses in BitLife
These are the types of businesses you can start in BitLife:
- Adult Toys
- Beauty Supplies
- Brewery
- Car Manufacturer
- Clothing Outlet
- Coffeehouse
- Consumer Electronics
- Dairy Farm
- Distillery
- Food Truck
- Footwear
- Gift Shop
- Health Food Store
- Jewlery
- Kitchenware
- Lingerie Boutique
- Musical Instruments
- Novelty
- Pet Supply
- Pharmaceutical
- Robotics
- Semiconductor
- Sporting Goods
That’s everything you need to know to start your own business in BitLife!
For more BitLife guides and challenges, visit our BitLife Section.
