Startup Professionals Musings

FEBRUARY 29, 2020

They don’t realize that according to many experts , more than 90 percent of satisfied entrepreneurs use bootstrapping, since other people’s money always comes with strings, most of them negative. Bootstrapping gives you the flexibility to explore creative alternatives. You left your corporate job to get away from budgets.

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Bootstrapping Advisory Board Venture Capital Startup 310

ReadWriteStart

MAY 3, 2012

But bootstrapping a startup is not easy, requiring discipline and fortitude, as well as ingenuity. Serial entrepreneur Rachel Blankstein is bootstrapping her latest startup, Comparz , the largest independent user review site for businesses seeking Web-based software. But she insists there are benefits to bootstrapping.

Bootstrapping 137

Bootstrapping Software Review Startup Equity 137

Startup Professionals Musings

JUNE 30, 2019

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Set expectations accordingly.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Startup Professionals Musings

SEPTEMBER 16, 2010

The cost of entry has never been lower. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up. The cost for the domain name is maybe $10/year, and the hosting starts around $50/year. This costs nothing, and allows you to safely collect money from customers all around the world.

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Cost Startup Hosting Bootstrapping 220

Startup Professionals Musings

SEPTEMBER 17, 2021

I recently found the classic sales training book “ Bootstrap Selling The Sandler Way ,” by Bill Morrison, who has 20 years in sales leadership roles, and I was amazed at how many of his sales lessons are great lessons for new entrepreneurs as well. Push marketing doesn’t work well today, in the age of interactive networking and peer reviews.

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Sales Startup Bootstrapping Technical Review 348

Startup Professionals Musings

FEBRUARY 15, 2023

It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down. It’s equally easy to go online and incorporate your new entity, register some intellectual property and have some fun with social media for marketing and interacting with customers. Operate small, but show a big-company image.

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Austin Startup

NOVEMBER 25, 2018

Although bootstrapping is still an approach in Austin, a lot has changed since I wrote my original challenge to the Bootstrap Austin group back in 2005. Bootstrap Austin, started by Bijoy Goswami. The original Bootstrap Austin was truly special and Bijoy did an amazing job bringing together some terrific entrepreneurs.

Bootstrapping 48

Bootstrapping Austin Cofounder Equity 48

Up and Running

OCTOBER 13, 2022

It isn’t unusual to act as CEO while also tackling marketing tasks and coordinating operations. If you’re in startup mode and have limited working capital to cover your operating expenses , you may be bootstrapping your way through the early days. That often involves working long hours and keeping your costs lean.

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CTO Hire Fractional CTO CTO Hiring 163

Startup Professionals Musings

NOVEMBER 3, 2014

When someone asks me for the best way to fund a startup, I always say bootstrap it, meaning fund it yourself and grow organically. Bootstrapping avoids all the cost, pain, and distractions of finding angels or VCs, and allows you to keep control and all your hard-earned equity for yourself. Practice creative marketing.

Bootstrapping 278

Bootstrapping Startup Merger .Net 278

Startup Professionals Musings

JULY 14, 2014

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Set expectations accordingly.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

ReadWriteStart

DECEMBER 15, 2022

It also helps bootstrap new startup businesses. It provides the freedom to partner with entrepreneurs and reduce the costs of agency work in exchange for equity in their startup. If necessary, it also helps determine the validity of a potential target market before too much money gets spent on promoting a substandard product.

Incubator 188

Incubator Startup Software Developers Software Development 188

Startup Professionals Musings

FEBRUARY 19, 2013

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff. Set expectations accordingly.

Intellectual Property 309

Intellectual Property Technical Review Venture Capital Startup 309

The Entrepreneurial Mind

AUGUST 3, 2010

Such facilities can take a lot of cash to launch due to the cost of facility rent and equipment costs, and the aspiring entrepreneur had no ready source of cash. The point is that some modest tweaks to the business model may bring costs way down and still meet the need of the market. It was profitable within nine months.

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Bootstrapping Business Model Software Review Programming 75

A Smart Bear: Startups and Marketing for Geeks

NOVEMBER 5, 2014

Price is as important as any other feature to determine product/market “fit.” ” How many times have you heard someone agree that “it would be great if someone did X,” but when show them someone did do X, but it costs $39.99, they don’t buy? Even bootstrapped businesses can make this work (e.g.

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Bootstrapping Technical Review B2C Sales Cycle 294

Startup Professionals Musings

JANUARY 12, 2018

My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff.

Intellectual Property 134

Intellectual Property Technical Review Startup Incubator 134

Startup Professionals Musings

MAY 18, 2020

It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down. It’s equally easy to go online and incorporate your new entity, register some intellectual property and have some fun with social media for marketing and interacting with customers. Operate small, but show a big-company image.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

ReadWriteStart

FEBRUARY 18, 2020

Instead, knowing how to bootstrap your startup might be a better option. How to Bootstrap Your Startup. When you bootstrap your startup, you retain full control of the new business. If bootstrapping is right for your small business, the following tips can help you through the process. Consider Outsourcing.

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Bootstrapping Startup Cofounder Angel Investor 145

ReadWriteStart

JUNE 1, 2020

The next reason is to establish a competitive advantage over your competition and quickly acquire a substantial market share. Let’s take an example – In the case of an internet or app business, the user traction and market penetration is a must. Bootstrapping. I always recommend that you start with bootstrapping.

Startup 150

Startup Entrepreneur Elevator Pitch Seed Stage 150

A Smart Bear: Startups and Marketing for Geeks

APRIL 29, 2013

One of the root questions you have at the start, which is supposed to be data-driven (but you don’t have data) is: What’s the maximum I should bid for CPC (cost-per-click) campaigns like Google AdWords? ” Easy for them to say, but what about a bootstrapped, profit-driven business?

Bootstrapping 285

Bootstrapping Affiliate Cofounder Channel 285

SoCal CTO

MARCH 1, 2010

Startup Killer: the Cost of Customer Acquisition | For Entrepreneurs , February 2, 2010 Looks at the critical equation around customer acquisition cost vs. customer lifetime value similar to what I discussed in Startup Metrics but in more depth. Jason looks at the issues around "sunk cost." Great stuff.

Acquisition 150

Acquisition Cofounder Technical Cofounder Cost 150

Up and Running

SEPTEMBER 29, 2022

Determine if there is a viable market. Take the time to conduct market research and identify your target customers. Ensure you understand the competitive landscape, barriers to entry, projected market growth, and what you can realistically achieve. How large is the available market? Don’t quit your day job.

Forecast 154

Forecast Software Review Bootstrapping Finance 154

Startup Professionals Musings

APRIL 14, 2014

The cost of entry has never been lower. In the early days (20 years ago), most new e-commerce sites, for example, cost a million dollars to set up. The cost for the domain name is maybe $10/year, and the hosting starts around $50/year. Now the price is closer to $100 if you are willing to do the work yourself. Start simple.

Startup 252

Startup Hosting eCommerce Bootstrapping 252

Gust

OCTOBER 26, 2014

When someone asks me for the best way to fund a startup, I always say bootstrap it, meaning fund it yourself and grow organically. Bootstrapping avoids all the cost, pain, and distractions of finding angels or VCs, and allows you to keep control and all your hard-earned equity for yourself. Practice creative marketing.

Bootstrapping 176

Bootstrapping Startup Merger Salary 176

Startup Professionals Musings

OCTOBER 16, 2023

External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. Projecting financials is a natural extension of the homework every entrepreneur needs to do on customer opportunity size, product costs, pricing, competition and customer value. Quantify overhead costs.

Forecast 290

Forecast Burn Rate Widget Business Plan 290

Startup Professionals Musings

APRIL 6, 2016

It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down. It’s equally easy to go online and incorporate your new entity, register some intellectual property and have some fun with social media for marketing and interacting with customers. Operate small, but show a big-company image.

Bootstrapping 120

Bootstrapping Hockey Stick Sweat Equity Intellectual Property 120

YoungUpstarts

DECEMBER 29, 2016

When you are bootstrapping a small business, you are not only the boss, you are also the person that cleans, greets customers, makes sales and, depending on your business, provides the service offered. We found our voice and style as a business and based our marketing and advertising on what we do and how we do it rather than what we charge.

Bootstrapping 189

Bootstrapping New York City New Jersey New York 189

Startup Professionals Musings

JULY 8, 2015

My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. That includes estimating the money required to get to the revenue stage, and saving money to cover costs before you jump off the cliff.

Entrepreneur 120

Entrepreneur Intellectual Property Technical Review Incubator 120

Startup Professionals Musings

JUNE 8, 2016

They don’t realize that according to statistics , more than 90 percent of satisfied entrepreneurs use bootstrapping, since other people’s money always comes with strings, most of them negative. Bootstrapping gives you the flexibility to explore creative alternatives. You left your corporate job to get away from budgets.

Bootstrapping 120

Bootstrapping Advisory Board Startup Venture Capital 120

YoungUpstarts

AUGUST 19, 2019

The company functions as an online market-place, allowing for custom-quotes through text-message. The company’s on-demand legal service utilizes mobile messaging to lessen cost and set aside consumers money. Businesses bootstrapping their approach to progress will discover this service lucrative for: Incorporating.

United Kingdom 104

United Kingdom Startup Software Review Bootstrapping 104

Startup Professionals Musings

JULY 5, 2023

It won’t work, it costs time and money, and hurts your credibility when you need them later. They are not trying to make money, but simply to recoup their costs over time. Companies at this stage must have a large market, good traction, and be focused on scaling infrastructure and market adoption.

Incubator 305

Incubator Startup Exit Strategy Institutional Investors 305

YoungUpstarts

JULY 21, 2019

Small businesses and young entrepreneurs are in a difficult position in the market. You may be able to save on shipping costs, as well. For example, you can replace water coolers with a filtered water pitcher to save on cost. This is one of the best cost-saving ideas for small businesses. Buy Used Furniture.

Software Review 173

Software Review Entrepreneur Cost Cofounder 173

Startup Professionals Musings

NOVEMBER 18, 2011

The cost of entry has never been lower. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up. The cost for the domain name is maybe $10/year, and the hosting starts around $50/year. This costs nothing, and allows you to safely collect money from customers all around the world.

Hosting 248

Hosting Bootstrapping .Net Social Network 248

Hearpreneur

AUGUST 11, 2021

Thanks to Richard Burner, Goals Marketing ! #2- Your investment can be worth it since micro-influencers are prone to being more engaged with their smaller following, which helps them build more personal interactions and connections that can be more influential than other marketing strategies. 17- Saturated with bootstrapped businesses.

Entrepreneur 126

Entrepreneur Technical Review Social Media Bootstrapping 126

Startup Professionals Musings

JANUARY 10, 2013

The cost of entry has never been lower. In the early days (20 years ago), most new e-commerce sites cost a million dollars to set up. The cost for the domain name is maybe $10/year, and the hosting starts around $50/year. This costs nothing, and allows you to safely collect money from customers all around the world.

eCommerce 196

eCommerce Hosting Bootstrapping .Net 196

Hippoland

OCTOBER 18, 2018

Should you raise money or bootstrap? (By By bootstrap, I actually mean raise < $250k from individuals / angels). Having run a startup that raised money and now in running a VC, ironically, if I were starting a product company today, I would start out with the mentality of bootstrapping for as long as I could.

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Bootstrapping Cap Table Salary .Net 90

Startup Professionals Musings

SEPTEMBER 26, 2010

When someone asks me for the best way to fund a startup, I always say bootstrap it, meaning fund it yourself and grow organically. Bootstrapping avoids all the cost, pain, and distractions of finding angels or VCs, and allows you to keep control and all your hard-earned equity for yourself. Creative marketing.

Bootstrapping 240

Bootstrapping Merger Salary .Net 240

YoungUpstarts

FEBRUARY 9, 2016

Bootstrap was term coined from the computer lingo ‘booting’ which means starting a computer or starting a chain of processes which eventually starts up the operating system. In the startup world, bootstrapping essentially means funding your own venture and not being too dependent on external sources. Spend Wisely. Experiment.

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Bootstrapping Cofounder Startup Sales Cycle 100