3 ms·

$40K is not much to put into a business. You'd likely be putting down more than that just to open a convenience store. Sure you need to spend a lot of money to

• madamelic 6y ago
  $40k is a lot to put in a business you have no idea if it can make money or whether it is needed. It's a definite that people have to eat. I would assume most failures in restaurants and convenience stores are operations, not a critically flawed business model. --- But yes, I guess $40k is less than $2M, but it also takes $40k away from another venture and possibly having to go back to a day job to take another run at something. All because you didn't validate the problem before cutting off your income source.
• heavenlyblue 6y ago
  You would not need to put up a lot of money if you just came to a market to sell some vegetables. For less central areas you could potentially sell stuff for free. Convenience store is a bad example as these are heavily standardised by now: we all expect a high diversity of products and thus the equipment needed to store it
• abiogenesis 6y ago
  $40K is not much to put into a business but it's a lot to spend before you validate your idea.
  • jeanlucas 6y ago
    40K is a lot to spend on an idea you didn't even try to sell or check how to make money on it.