Bootstrapping
This is a preview of a concept contained in The Personal MBA by Josh Kaufman, a book that will help you master the fundamentals of business, hone your business instincts, and save a fortune in tuition. The Personal MBA distills the most powerful principles of business and delivers them quickly and concisely. Order your copy now…
What is “Bootstrapping”?
“Felix qui nihil debet.” (Happy is he who owes nothing.) — Roman Proverb
Key Points:
- Bootstrapping is the art of building and operating a business without funding.
- Bootstrapping allows you to grow your business while controlling it 100%.
- If you accept Funding, make sure that you use it to do things that you couldn’t otherwise.
- Bootstrap as far as you can go, then move up the Hierarchy of Funding as needed.
Questions for Consideration:
- Could you bootstrap your business idea?
- If not, how much funding do you need, and how can you raise that money will minimizing the control you give up?
Share this concept: http://book.personalmba.com/bootstrapping/
True leaders aren’t made by business schools – they make themselves, seeking out the knowledge, skills, and experiences they need to succeed. Read this book and you will learn in one week the principles it takes most business professionals a lifetime to master. Buy The Personal MBA by Josh Kaufman now.
