…entrepreneurs today don’t need as much money, or as many people, to start new businesses. Software, communications technology and high-tech equipment are far cheaper and far more powerful than they were a decade ago.
At Mr. Smith’s one-man San Diego start-up, Tesla Controls Corp., circuit boards, semiconductor chips and other components litter a plastic folding table he uses as a workbench. “The hardware stuff is all cheaper,” he says. “Any of these chips are $5 or less.”
Much of Mr. Smith’s economizing is the result of necessity. With a family to support, he doesn’t want to borrow against his house.
We are seeing lots of one-person companies in the kit world too – many sell direct and have resellers and many thriving!
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