I think that there is a different sort of "inflation" for starting a business. As time goes on technology gets cheaper and more available. Manufacturing becomes more automated, Just in Time stocking reduces capital requirements.
Just because 1m buys less food than it did 20 years ago doesn't mean it can't finance a similar sized business. You can do more with less - there is much more leverage available with computers, SaaS, outsourced manufacturing and online sales than was available in the past.
I don't see any reason why starting a business won't be even easier in 20 more years.
Just because 1m buys less food than it did 20 years ago doesn't mean it can't finance a similar sized business. You can do more with less - there is much more leverage available with computers, SaaS, outsourced manufacturing and online sales than was available in the past.
I don't see any reason why starting a business won't be even easier in 20 more years.