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The Smartest Entrepreneurs Bootstrap Their Startup

Startup Professionals Musings

There is so much written these days about how to attract investors that most entrepreneurs “assume” they need funding, and don’t even consider a plan for “bootstrapping,” or self-financing their startup. When you have invented a new technology, you need expensive models and testing, including samples for potential customers.

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7 Startup Costs That You Assume With Outside Funding

Startup Professionals Musings

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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The Smartest Entrepreneurs Bootstrap Their Startup

Gust

There is so much written these days about how to attract investors that most entrepreneurs “assume” they need funding, and don’t even consider a plan for “bootstrapping,” or self-financing their startup. When you have invented a new technology, you need expensive models and testing, including samples for potential customers.

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7 Startup Risks That Come With Other People’s Money

Startup Professionals Musings

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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6 Keys To A Winning Business Model For Your Customers

Startup Professionals Musings

Even if you are bootstrapping your business, and you are the only investor, you should be asking yourself the same question. Too many founders have learned that passion and free beta products do not imply a sustainable business. Customer support is more than handling exceptions. Start selling it before you build it.

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Dual Founders Manage Technology Startups Better

Startup Professionals Musings

Yet the smart entrepreneur can still bootstrap the technical team, using one or all of the following evaluation and hiring approaches: Hire an expert consultant for initial interviews and recommendation. It is just really hard to found a technology company successfully with only one founder, technical or non-technical.

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9 Messages From Sales Training May Save Your Startup

Startup Professionals Musings

Yet in this age when customers have a thousand alternatives, and are overwhelmed by a multitude of messages, sales efforts can make or break a business. In fact, I believe modern entrepreneurs need to be super sales people, in the most positive sense, to their team as well as customers. You and the customer have to be on the same side.

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