Gust

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. Maybe that’s why bootstrapped startups are the norm, rather than externally funded ones.

article thumbnail

The 10 Best Sources of Cash to Start Your Business

Gust

For example, with any outside investment, you give up some ownership and control, and with bootstrapping your growth curve will likely be longer and more organic. Yet, I find that startup founders often fixate on one or two sources, often to the detriment of their business. Small business grants. Friends and family.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How True Entrepreneurs Make Themselves Accountable

Gust

If you as the entrepreneur are willing to embrace accountability, here is how these same statements should come out: “My idea is so big, I will bootstrap the business myself if I have to.”. “My biggest challenge is make sure everyone is carrying their weight.”. Even in a down economy, there are some things that everyone needs.”. “I

article thumbnail

The Cost Equation for a Startup is Better Than Ever

Gust

I recognize that different small businesses will have different types of startup costs. For example, a furniture retailer might need a storefront and staff, while you might run an online retail business, at home in your shorts, with no facility or staff at all. Of course, a word of caution is also in order here.

Cost 139