Start your Business on the Cheap: Why Bootstrap?
Hi everyone I am doing a series of videos to help other entrepreneurs with their own businesses. I hope you find them useful! Have a look at the video also
Here is the video transcript:
20+ years ago I started with nothing and I still have most of it left! (actually I have a bit more)…
So we are planning to do a bunch of videos that we hope will help you with your business. We really want your feedback so please comment below even if you think this sucks. The first series of videos is on bootstrapping. Bootstrapping is all about successfully running a business without financing. Even if you have financing you will likely need to bootstrap through lean periods. Although it is really nice when other people are paying the bills there are a load of advantages to bootstrapping:
- Being your own boss
- Not sharing the profit
- More time to chase customers instead of wasting time finding financing
- You get to keep more on exit
And my favorite which is having flexibility and being able to do what you want when you want in your personal life.
A big part of bootstrapping is researching and marketing your idea on the cheap. The next video is on researching your idea.
Hopefully, these videos will be useful to you!