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)?
Ask HN: Cost of bootstrapping $1M company in 3 years?
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Re: Ask HN: Cost of bootstrapping $1M company in 3 years?
#2This is impossible to answer because there are so many variable factors involved.
Re: Ask HN: Cost of bootstrapping $1M company in 3 years?
#3It 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.