Hellow guys, Welcome to my website, and you are watching How to Bootstrap a Business. and this vIdeo is uploaded by Greg Raiz at 2020-12-30T15:08:43-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | How to Bootstrap a Business |
| Video Uploader | Video From Greg Raiz |
| Upload Date | This Video Uploaded At 30-12-2020 23:08:43 |
| Video Discription | You can start a business by bootstrapping without ever raising funding. Bootstrapping is a way to get started, it's a term used in computers and in business to explain how to get yourself started. The term bootstrapping comes from the expression… How do you lift yourself up by your bootstraps? Obviously, you can’t actually do that but the idea is that you’re able to help get yourself started. I first heard the term bootstrapping was used in computer science to describe how the process of writing a program for a computer that doesn’t yet have any software. The idea is that you use yourself to start yourself. While bootstrapping is a term was used in computers it’s more commonly used to describe a way of starting a company from scratch. When starting a business you often have a similar getting started. You need to build a product that will generate revenue… that revenue will help you build a better product and that better product will drive more revenue… But how do you get started with nothing? Five key ways to bootstrap a business - Keep Operating Costs as low as possible. - Owner Financing - Personal Debt - Sweat Equity - Revenue Financing Each of these can be used to get the initial process started and begin to make progress on your business. I bootstrapped my business that I grew to an 8 figure exit and it’s important to understand the pros and cons of bootstrapping. While bootstrapping gives you maximum flexibility it also means that you're 100% accountable for the business and you don't have a safetynet. Not every business is a good fit for bootstrapping but it is a great way to get started, even if you decide to raise venture capital in the future. |
| Category | Education |
| Tags | entrepreneur | startups | design | ux | raiz | greg raiz | bootstrapping | bootstrapping a business | bootstrap vs venture | bootstrapping vs venture capital | how to bootstrap | how to bootstrap a business | starting a business | bootsrapping vs raising capital | bootstrap | bootstrapping a startup | bootstraping a business | starting a business with no money | bootstraping | bootstrapping vs raising capital |
