Bootstrapping and re-investment
Here, from em2 Advertising, is an example of how a small bootstrapper should probably NOT seek to grow his/her company.
However, as Andrew at Wealth Seekers Online points out, growth through re-investment is an important part of the bootstrapping process.
Don't stay small forever. Here are some of Andrew's suggestions:
• Break a larger business idea into smaller chunks
• Find a product or service you can sell today
• Research, market, even sell a service before its established but always make good on promises
• Reinvest with earnings to grow your business by marketing your knowledge and expertise first and growing your business from that initial income
• start a small business, hire a manager so you can move on to the next project
• Expand into another market or industry using revenue from your initial venture
If you've got some additional ideas to share for growing your bootstrap business with few resources, please add them in the comment section below or create a post of your own, link to this one, let me know via e-mail and I will link back to you in a future post.
December 22nd, 2010 at 8:13 am
hi2