Eli5, how do new business that make a product that can taken years to get to market ever make enough money to stay in business while they are waiting for their products, especially at the smaller scale? I’m thinking thinks like cheese, wine, whiskey, etc.

Question

Eli5, how do new business that make a product that can taken years to get to market ever make enough money to stay in business while they are waiting for their products, especially at the smaller scale? I’m thinking thinks like cheese, wine, whiskey, etc.

In: 5

Answer 1

Most start as passion hobbies till turn profit then upgrade as you go. But this is the major way that generational wealth builds on itself. You are less likely to go out of business before profit.