Bootstrapping

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  • What is bootstrapping?
    • = funding your new venture with your own money
  • Goal = Be as self-reliant as possible
    • In spending money
    • In hiring skill sets
    • In accomplishing tasks
  • 9 times out of 10 – relying on other people, other money, etc. is an excuse for not getting things done
    • Trust me – if it’s that good of an idea – you will make money – you will attract the talent, but for now you must focus inwards for all of it
  • You need to figure out a way to get it done yourself
    • This empowers you to
      • Keep costs low
      • Stay lean and smart
      • Be self-reliant

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