I was staying at this hotel in Slovakia, and I wanted to buy a bottle of a local alcohol as a present for my business partner. The price for the bottle was EUR 40. In the nearest store few blocks down the street, the same bottle was priced EUR 10.
Now that’s a great business buying alcohol in a shop and then selling it at 300% premium isn’t it? The only little thing that keeps me from running such an appealing business is a lack of several million euros for the four-star hotel property. And unfortunately, this is a mandatory condition and hence is a stopper.
The moral of the story is obvious. It is a reasonably good illustration of the well-known message pitched by many billionaires: “the first million was real hard, the rest came relatively easy”.