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Bootstrapper blues

Filed in archive Bootstrapper Tips by Shawn Hessinger on September 04, 2007

Bootstrapper blues

The so-called weaknesses of a bootstrap business, lack of startup capital and resources, may in reality be strengths.

Check out these links on bootstrapper Greg Gianforte's philosophy for an overview of how what might be considered a barrier to some can be turned to an advantage.

Meanwhile check out these points in the form of a little diddy I call "The Bootstrapper's Blues".

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1. I ain't got no money-No bootstrapper has. That's why they call it bootstrapping. Starting a business with only available resources and no outside investment is what bootstrapping is all about, but there are rewards.

2. No capital too-Bootstrappers work without conventional help from investors including Venture Capitalists (VC's) using ingenuity and energy rather than a big bankroll to start their ventures.

3. No big fancy office-To accomplish this bootstrap entrepreneurs often forgo the traditional trappings of business success like a big and often expensive to maintain office in favor of more cost effective solutions like working from home if possible until their venture is up and running.

4. What's an entrepreneur to do-Bootstrap that's what! As Gianforte explains on his website advertising the 2005 release of his book Bootstrapping your business: Start and grow a successful company almost no money "Every year, almost 8 million entrepreneurs start their own businesses in this country. They need lots of things to build a great company. Energy. Chutzpah. A really good idea. What they don't need is money."

Chorus:
I've got those bootstrap

I've got those bootstrap, bootstrap blues,

Yea, I don't need no financing

Because I'd rather pay my dues


5. I need me some cash flow-Guy Kawasaki said "The reality is that you pay bills with cash, so focus on cash flow...Cash is not only king, it's queen and prince too for a bootstrapper."

6. Before my bills come due-Read Cristian Dorobantescu's "7 deadly sins for a bootstrapped company" point number 4 to learn more about this intricate dance.

7. Met a VC at the crossroads-Just as blues legend Robert Johnson met the devil at the crossroads and exchanged his soul for the ability to play, a deal with Venture Capitalist firms come with some strings attached...(read more)

8. Said I've got some funds for you-There's a huge difference between how a VC firm views your startup and the way you view it.

Chorus:
I've got those bootstrap

Got those bootstrap, bootstrap blues

It's the way to start your business

When you've got nothing to loose



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Permalink: Bootstrapper blues
Tags: bootstrap  entrepreneur  small  business  startup  bootstrapper  bootstrapper+blues  small+business 

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