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Bootstrapper Tips
by Shawn Hessinger on June 24, 2007
Photo: Freephotosbank
So here we go again:
• Make a separate business account. At least you'll know what money are coming in and how much you have available for spending.
• Try to keep expenses to the level of what's available on your business account. If you need some "personal adjustments" ok, but this will really help not overspending.
• If you really have to put your money in, make a clear "return period" and stick to it.
• Never forget that a business is supposed to bring money in, not to spend the reserves.
• Separate things as much as possible. You don't have to get your family in trouble - your business is a business, your life is your life.
(Editor's note: Cristian Dorobantescu is the founder of Energybyte, a web design firm based in Bucharest, romania, and writes about business at the Small Business Entrepreneur Blog. He is a semi-regular contributor to our occasional series "Bootstrapping in Eastern Europe".)
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