Bootstrapping

By Michael Doneman | September 15, 2009

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A lot of Edgies kick-start their business from savings, leveraging a mortgage, or from a credit card, and this is often sufficient to generate the momentum which will eventually enable conventional financing. Bootstrapping (as in pulling yourself up by the bootstraps) has several advantages:

• You retain equity in and control of your business
• You demonstrate the capacity of your business to generate value, starting from scratch
• You demonstrate your own confidence in the business through your willingness to expose yourself financially
• You experience the risk and the burn

1 Comment so far

1. by Ayesha Dawood on November 8, 2009 at 1:45 am

   A virtual company minimizes start up costs and offers you flexibilty ito where you operate from.

One Response to “Bootstrapping”