Bootstrapping
Bootstrapping is a method of starting a company without sourcing the outside capital. In simple words, bootstrapping is a self-funding mechanism for the commencement, idea execution and growth of the company.
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Bottom line
Bootstrapping is a wonderful option for startup entrepreneurs to fuel growth to their idea and execution on their own. However, you must be aware of the risks that can occur in such a funding method to mitigate them and prepare your startup for driving positive growth and stay afloat if you don’t want to source funds from outside.
Citations :
Power Words :
- Evolve
- Prototype
- Viable
- Sustain
- Credibility
- Afloat
- Mitigate
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