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Bootstrapping with credit requires consideration

Filed in archive Bootstrapper Profile on May 29, 2007

Bootstrapping with credit requires consideration
CONTINUED FROM PREVIOUS POST

In the case of 1 Greek Store those factors included:

1. Money saved from a recent internship that made it possible to pay the debt down easily if something went wrong

2. The resale value of the machine which added security since it could be liquidated if necessary to pay debts

3. The partners' confidence that they had enough demand from a local market on the campus of the University of Florida in Gainesville where they were students to carry the business for the time being

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Tags: bootstrap  business  startup  credit  debt  entrepreneur  bootstrapping  credit+requires 

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