Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Monetization
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
Why Bootstrapping Is The Best
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="moonchild, post: 222706, member: 57467"] Bootstrapping is the act of starting a company out of one's savings or income without seeking for any kind of funds from Banks, Institutions, Venture Capital. Most great companies started out like this and eventually turned out successful, and this is the only method that's tested and proven throughout histories. When you started out to build a company, or a business, it is just like an experiment, nobody knows your business, you don't have a social proof etc, it is very wrong to just take other people's money and assume you'll turn out successful, in a report by business institutions, it is noted that 90% of start ups fail within their first year of launching, and anyone that priorities funding over the business itself is bound to be among the 90%. But if you started with your own funds you'll make room for mistakes till you get it right without pressurizing yourself, which is very hard to do if you're building the same business with other people's money. Next time you get that big idea, don't worry about taking people's money to build the next big thing, instead use your savings to start up and after an initial success you can go on and take other people's money. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Funding a business
Why Bootstrapping Is The Best
Top