Hunger gives bootstrappers their edge
Photo courtesy of iStockphoto, Skip ODonnell
(Editor's Note: Entrepreneur Cristian Dorobantescue interviews mike Michalowicz about the ultimate bootstrapper advantage. )
I've recently had the chance of interviewing Mike Michalowicz , serial entrepreneur and author of the book The Toilet Paper Entrepreneur.
One of the subjects we had approached was starting a business on the cheap with little or no outside investment. Mike says that "no money puts you in hunting mode. You are hungry from day one. And someone that is hungry will go out and will approach things in a different, unorthodox way to make money. The person that walks in with lots of cash, doesn't have to hunt immediately and isn't punished for being lazy or making mistakes. I bet on the person living their passion and without a penny to their name over the funded players every time."
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