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10 Incentives For Entrepreneurs To Bootstrap Their Startup

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Based on the Startup Environment Index from the Kauffman Foundation and LegalZoom a while back, personal money, or bootstrapping, continues to be the primary startup funding source. Focusing on the burn rate and prioritizing every possible expense will keep overhead down, help you stay lean, and achieve a higher profit earlier.

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The Cost Equation for a Startup is Better Than Ever

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That’s a burn rate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. See my interview a couple of years ago with parallel entrepreneur Rich Christiansen , who has started 28 businesses with a target bootstrap investment of $5K each. Technology costs.

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