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Coming soon! (Part 2)
Filed in archive Bootstrapper Tips by Shawn Hessinger on October 31, 2006
Coming soon! (Part 2)
CONTINUED FROM PREVIOUS POST

(here are the rest of the important points we've considered while preparing for our upcoming bootstrap business launch)

• Scalability

Compared to the traditional business plan process where every capacity is anticipated from day one and funded from the beginning, coming up with a simple but scalable idea to which many ideas can be added is a spontaneous and uncluttered approach.

And for bootstrappers who will have money to fund very little in the beginning but have big dreams of a multifaceted company or product in the future, it is an absolute necessity.

READ MORE

• Going deep

Pick a domain and go deep: If your answer to "What kind of company are you going to start?" is something like "Well, I have a few different ideas..." stop immediately. You should pick one idea in one domain and go extremely deep on this idea.-Brad Feld

READ MORE

• The how's and why's of bootstrapping (Part 1)

Back when I was going the Small Business Administration route writing business plans and trying to figure out who I could hit up for a loan, I began to realize there was a huge difference between a business model that showed a respectable profit I could support a family on and one making enough to give an investor an attractive return.

READ MORE

• The how's and why's of bootstrapping (Part 2)

This has less to do with your destination than it does with your starting point. The idea of bootstrapping is to use revenues to build your business, but the size and scope of that business isn't limited by the size of its start-up. Remember, Greg Gianforte, CEO of RightNow Technologies, launched what by 2005 was already a $350 million industry making calls to customers from a spare bedroom.

READ MORE

• VC weighs in on bootstrapping leanness

Most people starting a new business tend to think that they should "appear" larger than they are - renting an office space, getting a mailbox address, hiring someone to answer the phone, having a jazzy website.

I tell all entrepreneurs the same thing - do not waste your time and money appearing larger than you are. We will find out what is behind the smoke and mirrors no matter what.
-James L. Chen

READ MORE

(And back to the benefits of home business)

• Cut down that commute-bootstrap

Since August, fellow Creative Weblogger Noel Bautista has hosted a site about how to reduce your travel time in the morning even more (down to the distance between bedroom and living room) at "The Two Minute Commute".

READ MORE

READ THE ENTIRE ARTICLE



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