'Entrepreneurs lift their dreams by the bootstraps'
"Common sense would tell you that the boot-strapping approach increases when you're in a recession," since loans and venture capital may not be as readily accessible, says Babson College professor Patricia Greene. "But I always point out that this is the way lots of businesses get started. When I looked at the Inc. 500 list a few years ago, most of the companies on it had been started with between $10,000 and $50,000 in capital."
Greene says that successful bootstrappers think endlessly about "creative ways to get money, and ways not to need so much money."
Among the companies I discuss are Cisco Brewers, Atalasoft, Karmaloop, Motivation Designs, and FitnessKeeper.
Labels: Atalasoft, bootstrapping, Cisco Brewers, FitnessKeeper, Karmaloop, Motivation Designs
1 Comments:
Bootstrapping is the best approach available to entrepreneurs under the current scenario. nice post.
Post a Comment
Links to this post:
Create a Link
<< Home