How To Think Like A Bootstrapper

It may be the high-growth, venture-funded companies that get a lot of press, but the fact of the matter is that the vast majority of businesses are started for under $10,000, usually provided by the entrepreneur's friends and family, credit cards, or their own pocket. While it's true that bootstrapped companies have a slightly higher failure rate than better-funded companies, the difference isn't significant, and there are lots of bootstrapped businesses that succeed, just as there are many well-funded companies that flop. Good management practices are far more important to your success than big piles of cash are.

Provided by: American Express Topic: SMBs Date Added: Jun 2010 Format: HTML

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