I want to clarify, no way would I ever base a business plan on AI, but what it does do is let you spit balling a scenario in 30 seconds, and do dozens of them; compared to several hours for each possibility.
On a some what AI/somewhat not note; i was talking to son about why an Indian owned liquor stores works, and it's not racial, it's cultural, and how often a dad/uncle will do a personal loan, and then the owner basically works 12 day, 7 days per week, as the only employee, until they are paid off, and then brings in nephews. But the point was Labor Costs. And for the example, we just figured straight hourly, at $13.50/hour, at 84 hours per week, and kinda just how much Sales have to be made. Point being, there is a Strong incentive to replace as many employees as practical.
Our liquor stores example, I figured $5000/rent or payment; $6050 in labor; $1000 in utilities; and about $1000 in insurance; with a mark up of 30%; that's $43,500 in Sales to break even, every month. On the plus side, that's about 30 people per day; and 6,000 vehicle trips passing it every day.
On a some what AI/somewhat not note; i was talking to son about why an Indian owned liquor stores works, and it's not racial, it's cultural, and how often a dad/uncle will do a personal loan, and then the owner basically works 12 day, 7 days per week, as the only employee, until they are paid off, and then brings in nephews. But the point was Labor Costs. And for the example, we just figured straight hourly, at $13.50/hour, at 84 hours per week, and kinda just how much Sales have to be made. Point being, there is a Strong incentive to replace as many employees as practical.
Our liquor stores example, I figured $5000/rent or payment; $6050 in labor; $1000 in utilities; and about $1000 in insurance; with a mark up of 30%; that's $43,500 in Sales to break even, every month. On the plus side, that's about 30 people per day; and 6,000 vehicle trips passing it every day.