Gust
DECEMBER 15, 2013
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. Maybe that’s why bootstrapped startups are the norm, rather than externally funded ones. Image via niaje.com and www.yec.co.
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. Hire experts, not help.
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Gust
APRIL 27, 2014
Unless you are bootstrapping everything, you need to have a clear plan on what networking and documents are required to get to friends and family, Angel investors, and institutional investors. At this stage, you should start recruiting, hiring, paying, and training others to help you run your business. Funding process.
Gust
JULY 29, 2012
Starting your business with a very low investment is called “bootstrapping,” and these entrepreneurs usually have the most fun. Don’t hire any employees. They retain full control of their business, they don’t have an investor “boss” second-guessing their every move, and they don’t have to spend months begging for money.
Gust
DECEMBER 9, 2012
It also means that it’s time to stop micro-managing, hire some of the right people, and start giving up some control. Smart entrepreneurs are nimble and flexile, bootstrap to the maximum degree possible, and pivot for emerging opportunities. Only then can you expand those things that led to your initial success. Scale the business.
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