Bootstrapping: Always A Life Saver for Business

Posted by biancaaquino under Finance
From http://startupbiz.wordpress.com 5421 days ago
Made Hot by: on June 23, 2009 1:23 pm

The most effective means you have to minimize the amount of cash you will need to put into a business is to find ways to bootstrap or shave dollars off your startup costs.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by ShawnHessinger
5419 days ago

Amen! Jeff Cornwall, the source of the quote in the article, is a great champion of bootstrapping. Stories of entrepreneurs who grew their enterprises on revenue alone abound including Greg Gianforte of RightNow Technologies who started cold calling IT professionals about his new software before it had even been created. Don't worry about meeting a profit margin in a business plan just focus on enough cash flow to keep the lights on and you can build from there.

- 0 +