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I don't own a business but I have two friends who do (or did)
One friend found a product he liked... threw a big pile of money at starting up (leased a place, bought a bunch of product, paid for a bunch of advertising)
he went bankrupt in about a year.
Other friend started working out of his house, built a clientele, now has an office and has been very well for over a decade (maybe two).
My dad also started out as a HVAC contractor working out of his house, he later bought a shop and then invested most of his profit into real estate back in the 70's, he is also doing very well.
I have been told you should have enough money to keep going for a year because you will not make any profit in that time.
YMMV
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Gary Fisher 29er
2019 Kia Stinger 2.0t gone 
1995 Miata Sold
1984 944 Sold
I am not lost for I know where I am, however where I am is lost. - Winnie the poo.
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