August 11, 2016 admin

Bootstrapping Is Much More Fun Than Investors ( AlleyWatch.com via blog.startupprofessionals.com/)

From: blog.startupprofessionals.com

If you really want to start a business your way without a boss or professional investor hovering over you, then just fund it yourself or through friends and family, and grow it organically. It is more possible to bootstrap today than a few years ago, as the cost of entry continues to go down. According to many experts, over 90 percent of successful businesses currently start this way.

  1. Start your business in your own home. 
  2. Barter services for access to required resources. 
  3. Learn to be a generalist rather than a specialist. 
  4. Operate small, but show a big-company image. 
  5. Practice living on a shoestring budget. 
  6. Favor profitability over revenue and user growth. 
  7. Use your equity for key executives and business partners. 
  8. Don’t assume you must plan for exponential growth. 

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