45 bootstrap ideas from Inc.com (Part 2)
(Continued from the previous post)
Maybe you don't generally think of hiring as a place to save money, but Inc.com suggests:
There are even low cost strategies to retain employees without the one thing no bootstrapper can afford, stratospheric salaries. Inc.com suggests:
• Be flexible
• Share the perks
• Offer advancement opportunities
• Piggyback on training
• Build employee commitment
When it comes to raising capital the magazine suggests:
• Tap vendors for credit
• Borrow from customers
• Borrow prudently from family and friends
• (And, if you can believe it) Ask employees
Check out the next post for more bootstrap ideas.
October 29th, 2006 at 12:45 pm
I don’t remember where but I’ve already read the same article, somewhere earlier than here.
November 20th, 2006 at 1:18 am
In fact, a number of these posts refer back to a collection of articles on the Inc.com website and this article provides the links to the original.