YoungUpstarts

article thumbnail

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.

article thumbnail

Bending Bootstrapping To The Needs Of Your Business

YoungUpstarts

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. I’ll expand on that last bit along with other lessons I learned along the way: Lack of Energy. Learning New Skills.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Bootstrap Mentality: Key Ingredient For Startup Success

YoungUpstarts

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.

article thumbnail

[Review] The Rebel Entrepreneur

YoungUpstarts

Bootstrap, bootstrap, bootstrap. His point is really that sales is so critical to the survival of the business that the sales process should be accelerated – hiring the right sales people with the right attitudes, leveraging existing customers, and employing technology to support the sales process. His advice?

article thumbnail

[Review] The $100 Startup

YoungUpstarts

By bootstrapping, bartering, reducing overheads (rental and manpower), and leveraging technology (especially the web), one can start one’s own business almost on a dime without being beholden to creditors or venture capitalists. Positioned as a guide for bootstrapping solopreneurs, the book doesn’t dive deeply into any one specific domain.

article thumbnail

Should A Young Entrepreneur Ever Indulge In Logo Designing Expenditure?

YoungUpstarts

The budget behind logo can be as lil as $5 or as hilly as more than half million dollars, even after hiring a top-of-the-line, full-blown branding and advertising agency. Let’s look at two active scenarios that we have picked right for you with one being your own situation, perhaps: Early Movers & Bootstrapped. Seems wise but real.

Design 100
article thumbnail

6 Tips For Starting A Business On A Budget

YoungUpstarts

Here are some tips for bootstrapping your business. This beats purchasing your own expensive servers and hiring specialists to maintain them. It’s much easier when you don’t require lots of space or expensive equipment. Even so, there are some strategies you can employ to avoid breaking the bank. Work in a Spare Room. Develop a Budget.