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 :
Skillioma (December 6, 2024) Bootstrapping. Retrieved from https://repo.skillioma.com/bootstrapping/.
"Bootstrapping." Skillioma - December 6, 2024, https://repo.skillioma.com/bootstrapping/
"Bootstrapping." Skillioma - Accessed December 6, 2024. https://repo.skillioma.com/bootstrapping/
Skillioma January 16, 2024 Bootstrapping., viewed December 6, 2024,<https://repo.skillioma.com/bootstrapping/>
Skillioma - Bootstrapping. [Internet]. [Accessed December 6, 2024]. Available from: https://repo.skillioma.com/bootstrapping/
"Bootstrapping." Skillioma [Online]. Available: https://repo.skillioma.com/bootstrapping/. [Accessed: December 6, 2024]
Power Words :
- Evolve
- Prototype
- Viable
- Sustain
- Credibility
- Afloat
- Mitigate
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