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Funding a business
Why Bootstrapping Is The Best
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[QUOTE="Yusra3, post: 339303, member: 31907"] Bootstrapping empowers entrepreneurs to retain the total command over their business without any scenario of equity loss or increasing debts. It leads to the efficiency, cost-effectiveness and ability to operate and survive in extreme environments. Financing yourself with your own savings, re-investing profits or taking the credit helps in cost-effectiveness and making more purposeful commitment to profitability. Shoe-string operation exposes you to risks, which in turn forces you to prioritize expenses and builds resilience. In addition, it aligns your risk-reward ratio with the potential returns. Many a startup views this autonomy and getting away from external pressure as fertile ground for unlimited growth of the enterprise. [/QUOTE]
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