Bootstrapping your business can be a smart and effective way to go. It gives you an added level of control and independence, as you can follow your own vision (within your financial limits) and not be bound to the opinions of investors.
It will likely require a great deal of patience. Here are a few tips to get the ball rolling.
Get acquainted with the term “burn rate.”
Know your budget better than the back of your hand. Many burgeoning entrepreneurs are too optimistic about expenses, often underestimating how much they’re actually spending and finding themselves dealing with severe budget issues.
