Question

Remember, a start-up is the early stage of a business in which it is searching for a scalable model, so consider what the most minimalistic version of your product or service is. Demonstrate your knowledge of bootstrapping, lean methodology techniques, and low-cost experimentation to keep your costs down. What is the start-up cost associated for a liquor store business. Make sure that your sources are credible and be sure to cite your sources. If you do not cite your sources, your answer will not be accepted. Solve in excel.

Answer 1

Answer:- To consider a minimalistic version of the product I associate my start-up with a business plan as a Liquor store.Since liquor is widely used by all the people irrespective of age, gender, region, nationality, etc. I decided to start this business for success and for the profits. Bootstrapping a company is beneficial. So, my bootstrapping strategy is that I have some savings and that is sufficient for starting a startup. Coming to the lean methodology I have confidence enough that the product would be quality enough and can be viable for the price the consumers they purchase. And have respect for the people with the optimizing mentality. Firstly I'll analyze the product and then makes a change in purchasing (if required). And then I'll gain the trust for consumers for the product to standardize my start-up to success counting organization. My start-up business plan is up to the amount of 500,000 that is Five Lakh Rupees. The following is the business plan for the start-up.

The above is the Start p plan for the Liquor business store.

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