BizSugar.com › Startups › 10 Tips for Bootstrapping Your Small Business

In this article covering 10 tips for bootstapping your small business, Isabel M. Isidro, managing editor of PowerHomeBiz.com, looks at this great approach of starting a business even without a substantial amount of investment. To be sure, there are different levels of bootstrapping. Some would argue that true bootstrapping can be done using nothing more than revenue generated from sales to grow a company. Still, in many cases, at least a small investment is needed. For example, a credit card purchase of a laptop computer may be seen as a necessary investment to enter an e-commerce, social media driven or other computer related business. Small investments from family members may be another source of initial startup. The point is to avoid investment or debt levels so high it makes your break even point more difficult to reach. The cheaper you can start your business, the faster you will see a profit.