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gdbsjjdn | 5 months ago
I've been running a retail business with similar inventory costs for a couple years. I have one employee and I pay them generously. I personally chip in about 20-30k annually to keep the whole thing afloat. It's definitely possible if you keep things small.
Edit to add: 10k in inventory just doesn't add up. In retail you need to turn over inventory multiple times annually to cover your fixed expenses like staff, rent, etc. if you only have 10k worth of inventory and you're burning >10k a month that means you're selling everything in the store every couple weeks. I don't think books move that quickly, although I could be corrected. Usually the retail standard is turning over inventory 4-5 times annually.
Gooblebrai|5 months ago
gdbsjjdn|5 months ago