45 bootstrap ideas from Inc.com (Part 2)

Filed in archive How-to on July 17, 2006

(Continued from the previous post)

Maybe you don't generally think of hiring as a place to save money, but Inc.com suggests:

• Keep hiring costs down

• Find a recruiting niche

• Grow with freelancers

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.