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

Many start as a side business or hobby until it starts making revenue, they may have business loans/investor funding to get off the ground without revenue, or perhaps there are complementary products like distilling vodka and other non-aged liquor while aging whiskey for sale, or running a dairy farm that sells milk and yogurt while aging their first run of cheese.