S8 E13 Can you start a business with no money? Of course! The noble art of bootstrapping. Part 1 with Jeremy Gray
Jeremy Gray – Practical Solutions to Difficult Problems
IBGR. Network. The World of Business at Your Fingertips
Episode 13 Can you start a business with no money? Of course! The noble art of bootstrapping. Part 1
The noble art of bootstrapping. Taking an idea, using your talent and knowledge, and building a worthwhile business without the backing from investors and having little or no startup capital. Unless your fortuitously find yourself in the right place at the right time bootstrapping takes dedication, a strong work ethic and an unswerving eye on the costs.
There is a great sense of pride to be gained in starting from nothing and building a viable business. There are financial rewards too, you do not need to share the profits or the value of the business if you decide to sell with anyone else.
But there are risks among others, without access to funds you risk running out of cash and growth is likely to be slower.
Some of the largest companies in the world started out as bootstrapped businesses. Dell Computers, Meta (formerly Facebook) Apple, Microsoft to name just a few. So, bootstrapping does not limit how big you can grow. Although all these companies are now publicly owned and their founders no longer own 100% of the company.
Tags: How to grow a business, achieve business success, bootstrapping. bootstrap the successful entrepreneur, business common mistakes. small business start-up; avoid these common mistakes; IBGR.network, Jeremy Gray, Practical Solutions to Difficult Problems
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