3 ms·
I posted about this a few days ago - https://news.ycombinator.com/item?id=24246341 https://news.ycombinator.com/item?id=24246341 I would stress the end part.
by Ologn 6y ago
I posted about this a few days ago -
https://news.ycombinator.com/item?id=24246341 https://news.ycombinator.com/item?id=24246341
I would stress the end part. Think now of what success is. "Success" means you are still making small margins, but your volume is increasing and you have outgrown your closet or garage, and probably need to sublease a space and hire someone part-time to accept deliveries from wholesalers and to ship items out. The leap to space rental and wages will probably flatten any margin you have to zero initially. The business is low margin, high volume, and niches where the margins are wide are usually narrowed over time, I know people doing this and it has happened in many fields. So consider what the likely course is now. It will mean years of growth but low margins and grinding.