Bootstrapping principle
Here again is the great "bootstrapping principle" from the Darden Business School promotion video recommended by a random commenter on the Young Entrepreneur Forum:
Do not buy new what you can buy used.
Do not buy used what you can lease.
Do not lease what you can borrow.
Do not borrow what you can barter.
Do not barter what you can beg.
Do not beg what you can scavenge.
Do not scavenge what you can get for free.
Do not take for free what someone will pay you for.
Do not take payment for something people will bid for.
Create an auction
Words to live by! Watch the video again below. You'll find this elegant quote between four and five minutes into the clip.
By the way, if there's anyone out there who knows the origin for this principle (beyond the video reference) and would like to share it with readers, leave a comment or drop me an e-mail.
September 2nd, 2007 at 8:19 am
This is so right A very wonderful piece of article.
May 5th, 2009 at 2:14 am
hi dude
Thank you very much. Exactly I needed this information.