Estimate the cost of a local business
Estimate the cost of running a local business. Estimate the revenue. Decode the business model and the barrier. If you find it hard to choose, you can pick from the following: a grocery store, a pizza delivery restaurant, a local Subway or McDonald, a coffee shop., a pet store, a nail saloon/hair dresser combination, a gym.
Bonus question 1
Estimate the startup cost for beginning this business today.
Bonus question 2
Estimate the barrier of entry for this business and identify if there is a chance to innovate against this business.