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Sup /biz/ I was actually thinking about starting...
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 7
Thread images: 1
Sup /biz/ I was actually thinking about starting a social media company. The thing is I don't know where to look to find more information. I have a few thousand, I could probably hire some drive people, but I want to know relevant information. Start-up cost, time to break even, Yearly revenue, expenses. You know the essentials, and whether or not it's a viable business option. If anyone can give me any websites, books, or personal experience I would greatly appreciate it. I honestly don't know what would be more profitable marketing to business or marketing to individuals. So please send me in the write direction that doesn't involve sucking dicks. Thanks!
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>>1033351

Look,

The dev people will want 200k a year.

Years of dev time to make anything close to a working product.
>>
>>1033355
Ok I understand that developers to create a a website would be expensive. But I just need more resources to understand this business. I know there's a market for it, but I definitely need to know more. Start up cost, time to break even, annual revenue etc.
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>>1033360

What the fuck?

You want me to pull sales figures out of thin air for an imaginary company, and then pull imaginary burn rate, and then pull imaginary overhead and calculate imaginary numbers?
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>>1033363
Basically. Or comparables. Obviously numbers aren't going to be exact, but looking at similar companies can give an estimate on whether or not it's going to be profitable.
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>>1033651
you should look at similar companies to get an estimate bro
>>
>>1033363
> you want me to pull imaginary numbers out of thin air?

^ welcome to the wonderful world of Business Intelligence, dude..
Thread replies: 7
Thread images: 1
Thread DB ID: 417564



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