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You need two piles of money to start a business (and let’s look generally outside the box of a tech startup): 1: the money needed for initial purchase of equi
by black6 8y ago
You need two piles of money to start a business (and let’s look generally outside the box of a tech startup):
1: the money needed for initial purchase of equipment, licensing, real estate, etc.
2: three-years worth of operating expenses.
I have experience starting a brewery and two Montessori schools, and Number 2 is definitely the hard one.
- jprocopio 8y agoYes. A lot of people miss #2 and that's my point. Like I said, my first answer was I can start a company for ten bucks. Great. I've started a company. To truly stand it up and make it last, whether it's technology or gardening, takes time and money, all of it equivalent to about $250K. Whether that comes from investment, sweat, or out of pocket is what I'm elaborating on. Thanks.