Steve, I saw that episode too. Jim Cramer was guest host.
As I watched their ideas about a clothing line it struck me what a huge undertaking it would be to begin a golf clothing line.
Does it amaze you sometimes the enormity that many entrepreneurs attempt to achieve vs. the small volume that it truly takes to pay for the necessities in life?
Here's an example of what I mean. For some reason hot dogs have become trendy in my home town. I'm not sure if this is a local trend or a nationwide reawakening of hotdogs.
Anyway, there are two new businesses that I have been watching. One location is a teeny tiny order window close to some of the downtown tourist attractions. Their entire shop can't be more than 8' x 8'. It's simply a take out window. They are already open and doing (from what I can tell) great business selling dog after dog all day long.
A second shop has been working on their store front for well over a month. They have sunk a ton of money into their business and they still aren't open.
The second shop might eventually be way more profitable than the first but the expenditure and risk is already much greater.
Quite often I get email (as I'm sure you do) from new business owners who think they need $30k+ in lawn care equipment (and loans) before they even begin advertising their business.
I think most of the regulars on this board would agree that it's best to start small, grow moderately, and control expenses at ever step.
What do you think?