Bootstrappers Do Not Think Linearly

Friday, May 11, 2007 at 6:40pm by Site Administrator

Human beings are capable of thinking in hyperthought, bouncing from one related idea to another. Unfortunately, we’re usually taught to bind our thinking into linear cause and effect. It’s probably the primary reason why most people do not think themselves capable of being successful entrepreneurs. And they really can’t. Those with the entrepreneurial spirit either innately know how to take advantage of ideas that spark in their minds, or they learn how.

Bootstrapping entrepreneurs do not think linearly. They may start out that way, but those that suceed do not stay that way. This statement comes to me after thirty years of reading about successful people, including my personal hero trio: Leonardo da Vinci, Thomas Alva Edison, and Benjamin Franklin. All of them were inventors. All of them were persistent, learned what they needed to, then applied that knowledge. If they didn’t succeed, it was chalked to being an experiment, and they tried again.

I don’t know how wealthy da Vinci was or wasn’t, but he did get commissions from wealthy, powerful people. That allowed him to pay the bills and devote time to a multitude of inventions. You may not call him an entrepreneur, but he had the spirit. So did Edison and Franklin.

Bootstrappers do not think linearly

Entrepreneurs of today should never start a business without at least browsing the biographies of Edison and Franklin. That’s especially true if you want to be a bootstrapper. A bootstrapper doesn’t think “I have $100 and I’ll put it in the bank for a safe 5%.” Or even a riskier 10%. A bootstrapper has some idea they want to pursue, usual for the purity of the idea itself, not necessarily to make money. Yet they have an innate feeling that the idea will become popular, and the monetization can come afterwards.

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1 Comment »

  1. Speaking figuratively, of course. A wise entrepreneur always keeps some funds in the bank, maybe a mix of risk levels, as backup, in case monetary return takes longer than expected.

    Comment by Raj Dash — May 11, 2007 @ 6:48 pm

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