article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Proof of any business model starts with a finished product or solution, sold to a new customer for full price, with high satisfaction for the value received. Customer support is more than handling exceptions.

article thumbnail

8 Keys To Starting A Venture With Minimal Equity Loss

Startup Professionals Musings

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. Learn to be a generalist rather than a specialist.

Equity 349
article thumbnail

Bootstrapping Organic Growth Makes Startup Sense

Startup Professionals Musings

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. Hire experts, not help.

article thumbnail

How to Bootstrap Your Startup for Years Without Funding

ReadWriteStart

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. Focus on Your Customers.

article thumbnail

14 Tips for Starting a Successful Business

Up and Running

Diving into the financials, dealing with vendors, the hiring process, or a variety of other tasks—no one is passionate about every facet of business operations. It can be the idea, the customers, the mission, the grind—whatever it is; there’s something that keeps you going. That’s completely fine. Don’t quit your day job.

Forecast 154