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Bootstrapper Tips
by Shawn Hessinger on January 16, 2007

Here are 10 reasons to keep your business start-up (whether online or off) lean and mean at least in the early years.
1. If you can cobble it together on a home PC, there's probably no reason to take $1 million in Venture Capital to launch
2. That $300,000 you've got down for third year earnings in your big professional looking business plan isn't in the bank yet. You and your SBA advisor just made it up, remember?
3. I don't care how cool the idea of stereophonic underwear sounds when you pitch it. There may just be no market for it.
4. Conversely, just because you've picked what you think is a nice conservative business to start, doesn't mean you'll make a killing as the umpteen millionth company selling brass door knobs.
5. The money from a satisfied repeat customer will always last longer than the money from that incredulous bank loan officer, and there's no interest attached.
6. There's only one business plan that guarantees you've found a thriving market and that's last year's sales receipts.
7. Projections will not buy you so much as a cup of coffee at Dunkin' Donuts let alone pay your grocery bill for the next six months.
8. Imagine how nice it would be after making $100,000 on a really good business idea to be able to keep most of the money
9. Sure, your business advisor thinks your plan can't miss. He's already got a job.
10. Whether on the Internet or in a busy downtown or suburban shopping mall, traffic does not equal sales. To test this axiom, try to find a 100 percent occupancy rate in any business district.
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/49790
Mr Wong
Vote for 10 reasons for a bare bones business start-up:
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Rating: 6.50 out of 4 vote(s) cast.
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Response from:
know.to_alex.duggan
(01/21/07 11:36pm)
All excellent points. A business that wont survive as a brick and mortar, will probably not survive in cyberspace.
Response from:
Steve
(06/30/07 3:18pm)
This is only your opinion. It can not be entirely true. Bones are good only for dogs. What can a man do with them? drug')" rel="nofollow">http://www.pharmacy-online.ca/drugs/fosamax.jsp">drug
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Response from:
Business loan
(10/26/07 8:47am)
Thanks for sharing this with us, your points are very direct and relevant. I will sure test that axiom as I am deep involved in starting my own business.
Response from:
Shawn
(11/10/08 9:46am)
Hi,
If you like my post here, please join me at my new blog "How to bootstrap your business" by following the link at the top of this comment.
If you like my post here, please join me at my new blog "How to bootstrap your business" by following the link at the top of this comment.
Response from:
dizi izle
(08/01/09 8:56am)
Thx for the LINKS ther are some interesstet links there!
Response from:
lig tv izle
(08/01/09 8:56am)
Thanks for posting about this, I would love to read more about this topic.
Response from:
Mark Allen Roberts
(09/24/09 7:04pm)
Great content,
You build your future leadership muscles in bootstrapping as I discuss in my blog at http://nosmokeandmirrors.wordpress.com/2009/09/11/when-bootstrapping-l
everage-what-you-have/
mark allen roberts
www.outbsolutions.com
You build your future leadership muscles in bootstrapping as I discuss in my blog at http://nosmokeandmirrors.wordpress.com/2009/09/11/when-bootstrapping-l
everage-what-you-have/
mark allen roberts
www.outbsolutions.com
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