alt Hacker NewsFrom a financial perspective, what were your biggest challenges? What was the working capital cycle like? Were you forced to do a certain level of minimum order quantities and did the cash constraint limit other decisions?
From a financial perspective, what were your biggest challenges? What was the working capital cycle like? Were you forced to do a certain level of minimum order quantities and did the cash constraint limit other decisions?
500 units was my first run, and it worked out really well. None of the suppliers complained about that order size. I recommend starting with a smaller quantity until you've validated the market. The "economies of scale" between 100, 500, or 1000, units are not all that dramatic. Perhaps 30% cost difference.
I was originally planning to do 4000 units as my first run. Boy I'm glad I started to run out of money and cut it way back. That would have been way too much as a first run.