Many businesses are started with just $100 or whatever is in that entrepreneur’s pocket. That is the definition of bootstrapping. Many entrepreneurs say they don’t have enough money to turn their idea into a business but often the ability to bootstrap a business and build it what makes the difference between success and failure. Check out these tips for entrepreneurs on how to bootstrap your business.
- Do your research.
- Be a jack-of-all-trades.
- Only hire people that are complimentary to your own skill-set.
- Make it personal.
- Be persistent.
- Don’t be above free or cheap.
- Start by scouring the “Freebies” section of Craigslist for items you might need for your office. They might be used but, like the saying goes, “one man’s trash is another man’s treasure”.
Read more here: 5 Tips for Bootstrapping Your New Business