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Forums Forums Business Startups How is it that businesses in USA need 10K to 30K USD to start as seen on Reddit or crowdfunding platforms, while businesses in Bangladesh that bring in only livable earnings require 40K to 50K USD to start?

  • How is it that businesses in USA need 10K to 30K USD to start as seen on Reddit or crowdfunding platforms, while businesses in Bangladesh that bring in only livable earnings require 40K to 50K USD to start?

    updated 3 years, 5 months ago 0 Member · 1 Post
  • Charles

    Member
    September 7, 2019 at 7:18 am

    I live in Bangladesh and here a small business usually requires 40K to 50K USD to just start and earns just 1000 USD per month and that too after years. Examples would be steel sheet trading shops of just 100 square feet, tiles shops and so on. Yet, on crowdfunding and investing platforms, most small businesses in the USA are seeking capital of about 10K to 20K with only the best of the best getting 100K in funding. Yet these are ventures that rake in lots of profits (I am guessing). Examples would be kickstarter projects. Even many Americans on hq overview are saying that they have started business with 5K USD and grown it to million dollar revenues in 3 years. Conventional wisdom suggests that it should be vice versa. That in a developed and high cost economy, a small business should require lots more money to start up. ​ Can someone explain what is going on here? – by hq overview Experimentalphone – –

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