Tips on Bootstrapping

Wednesday, June 13, 2007 at 11:00pm by Site Administrator

A little while back, Business Fund had a post, How to: bootstrap it (27 tips). The tips are split up into two sections: “where do I get the money” and “how do I get started”.

This is a great list of tips, well worth reading. There are a number of funding sources that I hadn’t thought of. Though if you decide to use credit cards to fund a startup – as many people do – just keep in mind how easy it is to go from bootstrapping to being in debt.

Of course, if you manage to get a 0% APR balance-transfer credit card, you might have anywhere from 6-18 months of interest-free credit. However, you do need a good credit rating to qualify. If you get accepted, just be sure you’re always on top of your current and predicted cashflow – which of course should be realistic.

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