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When Should a Small Business Hire an Executive Team?

Up and Running

As you find your footing and begin to scale, you might feel ready to hire a formal executive team. What’s right for one company may not make sense for another, but the goal is always the same — to hire talent that will ultimately help the business thrive. When is the right time to hire an executive team?

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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. Maybe that’s why bootstrapped startups are the norm, rather than externally funded ones. bootstrap business entrepreneur startup'

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How I Knew That I Could Bootstrap My Company

YoungUpstarts

Determining if your product can be bootstrapped. Business decisions must be made carefully at a bootstrapped company. Each hire is tremendously important to the lifeblood of the organization, and I made sure to have a year’s worth of salary in the bank before bringing a new co-worker on board. Learning by doing.

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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. Maybe that’s why bootstrapped startups are the norm, rather than externally funded ones. Image via niaje.com and www.yec.co.

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5 Ways to Bootstrap Your Startup

ReadWriteStart

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.

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6 Key Leaders Every Technical Startup Needs To Thrive

Startup Professionals Musings

The rest can come from early hires (with stock options to assure commitment), equity investors, or even strategic partners. Or you can always bootstrap the idea yourself, get some traction, and build your first startup organically. Outsourcing any of these critical roles is very expensive, and usually not very effective.

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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.