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Bootstrapping Add to toolbox

Back

Comes from the famous saying about pulling yourself up by your bootstraps.  Bootstrapping is setting up your business with very limited money, which is yours.

A lot of business owners do this because of the advantages of bootstrapping, but most do this because funding and investors are not always easy to gain.

Reasons why entrepreneurs like to bootstrap:

  • Control over the way you like to and want to do things in the business
  • More customer focused, as time is saved by not raising finance
  • Raising and securing too much funding can reduce performance and focus in the business

 

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