this post was submitted on 26 Feb 2024
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You don't need much money to open a business. You just need to pay a small fee to register a company, anyone can manage that.
Does this small fee include cushion money for not turning a profit in years?
Wut?
On average, businesses do not even break even for 18 months, and don't turn a profit for 2 or 3 years, up to 5 for restaurants if they don't fail. How should I pay for things during this time? What happens if I fail, where does the money come from to take care of any debts from taking out loans for the business as that would be the only way for me to achieve the amount of money required to do this?
It's not the same playing field, and to act like it is is just ignorant.
Too bad for you, I guess.
Agreed, but it could be better everyone and I hope you also strive to make that happen. Take care