3min chapter

My First Million cover image

Michael Girdley: Why Fireworks Are A Cash Cow and How to Operate a Holdco Worth $100 Million

My First Million

CHAPTER

What Does It Take to Start a Business?

i come from the silkan valley venture world, as you put zero dollars of your own money up. You shouldn't expect to see any big money until you exit s on average, seven to ten years. My commerce business took id ant. I put in 600 k to start it. I got, that was my first kind of year a commitment that i had to put in but we can take quarterly profits. Now, n a year two, we could take quarterly profits if we wanted to. We decided to roll that into growth. But we think that by thre or three or four, we should be seeing pretty healthy, you know, quarterly profits that will pay for a sweet life

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