Bootstrapping
Why Smart Entrepreneurs Opt For Bootstrapping?
By Martin at December 24, 2013 | 8:24 am | 0 Comment
There is so much written these days about how to attract investors that most entrepreneurs “assume” they need funding, and don’t even consider a plan for “bootstrapping,” or self-financing their startup. Yet, according to many sources, over 90 percent of all businesses are started and grown with no equity financing, and many others would have been better off more...
Why Bootstrapping Is Best Way To Fund Startup?
By Martin at April 24, 2013 | 8:33 am | 0 Comment
When someone asks me for the best way to fund a startup, I always say bootstrap it, meaning fund it yourself and grow organically. Bootstrapping avoids all the cost, pain, and distractions of finding angels or VCs, and allows you to keep control and all your hard-earned equity for yourself. A few years ago I interviewed a serial entrepreneur, Rich Christiansen, who has more...
Some fundamental principles for starting and growing your business with a limited budget
By Martin at May 21, 2011 | 12:29 pm | 0 Comment
One of the biggest myths I still see in the community of new entrepreneurs is the assumption that “All I need is a good idea, and some investor will give me the big money I need to build the business.” In reality, investors fund good business plans, not big dreams. It’s all in the execution. A related myth is that it takes a lot of money to start a business. more...
What steps to follow when looking for startup funding
By Martin at March 17, 2011 | 10:30 am | 0 Comment
Money to build the business is the number one challenge for most startups. Don’t believe the urban myth that you can sketch your idea on a napkin, and professional investors will throw money at you. In reality, only 3 out of 100 companies who apply are successful with Angels, and the success rate with VCs is even lower. A large percentage of startups never apply to more...
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