SMBs

How To Think Like A Bootstrapper

Date Added: Jun 2010
Format: HTML

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.