How much money do you need to start a business?

I recently watched an interesting story on TV about a business in Brooklyn called Ample Hills Creamery. It was founded by a wife and husband who both quit their jobs and went all-in on their unique ice cream shop. Obviously the business is doing well, or they wouldn’t be profiled on TV. But one specific statement in the story stood out to me.

‘The couple invested their whole life savings into the business.’

This is a great line to capture attention. It says that the couple was daring, and brave. It says they risked everything. They were in a must-win situation. All the chips were pushed to the center of the table.

Now the audience has to know what happened next! Bravo, dramatic story teller!

Risking It All

My Story

My Initial Investment

No Money Down

The Real Costs

My first real investments in the business were a dedicated work computer, a MacBook Pro, and an iPhone. It’s amazing how much commerce you can facilitate with just those two resources. And most people already own those two powerful business tools.

Key Takeaway

You’d be amazed by how much you could do with just a single run to the grocery store, or the Home Depot. The cost to get on the entrepreneur-ship is much lower than you think. Even if you ultimately want to do big, capital-intensive things. You don’t have to risk your life savings. You just need to get moving. Follow the Yellow Brick road. And pick up as many of those yellow bricks along the way as you can.

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Originally published at theperfectagencyproject.com on March 31, 2019.

I am a growth-minded entrepreneur trying to share what I am learning on my journey, both professionally and personally. Also hoping to make people laugh.