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Sure, these businesses were all built on $10K of capital. But what about time? How many months or years could have been spent working while building the busines
by Edd314159 9y ago
Sure, these businesses were all built on $10K of capital. But what about time? How many months or years could have been spent working while building the business? That could put a lot of these businesses into six-figure territory when you factor in opportunity cost.
- kosei 9y agoThis is usually the big issue I've seen/experienced: funding $10k isn't as hard as 2-3 people deciding to quit their jobs and take no income for 1-2 years.
- replicatorblog 9y agoIn many of these cases the founders were drawing salaries relatively early in the company's lifecycle. A couple had substantial early revenue so it wasn't much of a hardship.