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Ask HN: Cost of bootstrapping $1M company in 3 years?

1 points by FahadUddin92 ↗ HN
If a person finds the right product market fit, what could be the cost of growing the company to a million dollar business in 3 years(I understand this varies depending on business but for a general idea)?

2 comments

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jimrhods23
This is impossible to answer because there are so many variable factors involved.
cimmanom
It varies so much depending on the business that this can't be answered.

It depends entirely on your transaction size, margins, cost to acquire a customer, and customer lifetime value.

It takes a lot more capital to earn $1M selling widgets for $1 each with 10c profit than it does to earn $1M in sales commissions on $20M real estate transactions.

To figure this out, you need to put together a spreadsheet with a business plan for your own business, including product, marketing, and overhead costs; transaction size and volume; and growth rates.