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

article thumbnail

7 Startup Risks That Come With Other People’s Money

Startup Professionals Musings

They don’t realize that according to many experts , more than 90 percent of satisfied entrepreneurs use bootstrapping, since other people’s money always comes with strings, most of them negative. Bootstrapping gives you the flexibility to explore creative alternatives. You left your corporate job to get away from budgets.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

6 Startup Lessons Learned By Passionate Entrepreneurs

Startup Professionals Musings

Most aspiring entrepreneurs don’t have the resources alone to “bootstrap” or fund their new business alone. I advise that you block out time at least weekly for nurturing new and existing relationships. Finding the right investors can make or break you.

article thumbnail

7 Keys To Making A Business Out Of Your Great Product

Startup Professionals Musings

It’s also valuable to talk to potential investors for their views, even if you are bootstrapping the effort. A small advisory board of outside people with experience in your domain can give you the unbiased feedback you need, as well as connections for setting up distribution and sales channels. Plan and execute a pilot or local rollout.

article thumbnail

7 Startup Costs That You Assume With Outside Funding

Startup Professionals Musings

They don’t realize that according to many experts , more than 90 percent of satisfied entrepreneurs use bootstrapping, since other people’s money always comes with strings, most of them negative. Bootstrapping gives you the flexibility to explore creative alternatives. You left your corporate job to get away from budgets.

Cost 267
article thumbnail

Pricing determines your business

A Smart Bear: Startups and Marketing for Geeks

Even bootstrapped businesses can make this work (e.g. Often bootstrapped companies of this type boast about having no marketing or sales departments, but the truth is they can’t afford it, and those companies typically grow slowly, often eclipsed by companies who can afford to grow 10x faster. .” Think: GoDaddy).

article thumbnail

6 Strategies For Startup Exit That Investors Accept

Startup Professionals Musings

Of course, if you are able to bootstrap your startup, and don’t anticipate the need for outside investors, you can technically ignore the first two points. You probably will do that job poorly, unless you plan your exit early, to move on to your next startup role, to do that better the next time.