I was thinking about this stuff this week. I think you are right about deposits. My other thought is that, this biz is not different from any other.......you simply DO NOT start a business that is under-capitalized. It is the surest way to ruin.
all the classic business advice applies. There are many good newbie books on how to start a biz. Every single one of them will discuss under-capitalization, having enough funds to get you thru a year, etc.
There's a reason for this.
In a world of anxious people who "want it now" and "want it first", those rules are being compromised. In which case, I'd say there's inherent risk involved then, both for the business owner and the customers. Risk must be assumed by someone.
This is just business 101----
It kinda reminds me of these young kids who buy a house, and then go thousands and thousands of dollars into debt to fill it up. Back in the day, we sat on lawn chairs in the living room, and went to yard sales, because just paying a mortgage was hard enough, and we got stuff little by little as it became available.
I guess I believe in "building slowly". Seems like a better, stronger foundation.
Everything you say is true. Unless of course the plan was to defraud people. In which case, the business plan was executed to perfection. I was patient and hoped for the best in the beginning. Now I'm willing to accept the truth.
Here's a Monday bump for you guys/gals.
