lol, the kid is doing it all wrong, he shouldn't need capital for anything. The tables should be made to order. All this will do is sink his business in inventory.
I can't believe I'm getting into a discussion about this, but I noticed in the S-1 he actually is allotting $9,000 of it for marketing and general expenses. Only $3,500 is for labor and materials.
You know, this is such a simple S-1 that it would be a great first example for someone who is learning about the process. This is practically a lemonade stand.
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lol, the kid is doing it all wrong, he shouldn't need capital for anything. The tables should be made to order. All this will do is sink his business in inventory.
I can't believe I'm getting into a discussion about this, but I noticed in the S-1 he actually is allotting $9,000 of it for marketing and general expenses. Only $3,500 is for labor and materials.
You know, this is such a simple S-1 that it would be a great first example for someone who is learning about the process. This is practically a lemonade stand.
Wow, $9k for marketing. I hope this kid is a marketing whiz and has a helluva good product. Otherwise this is going to be a costly lesson.
Although to be fair, I've lost just as much as money if not more in my teenage entrepreneurial journey.
But not his money, after all it is a public offering.