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Entrepreneurship

Avoid large setup costs when starting a business [Video]

Avoid large setup costs when starting a business

Join Daniel as he explains the concept of J-curve businesses, focusing on their initial setup costs. He says that while certain businesses like restaurants and software companies face substantial setup expenses, other ventures may not. However, regardless of the cost, competing effectively in the market is crucial.

During the interview, Ali Adbaal shares his personal journey, highlighting his three-year endeavour in building a YouTube channel before reaping financial benefits from courses. This experience underlines the significance of investing time and resources upfront in J-curve businesses.

Daniel also talks about the challenges of launching a physical product, such as the hefty commitment required for setting up a professional kitchen. He points out that any business requiring a large initial order falls under the J-curve category, wherein you invest significantly before seeing any returns.

Ready to dive deeper into this topic? Don’t miss the upcoming business workshop. You can use the link in our bio to find out more.

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