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Bootstrapper Tips
by Shawn Hessinger on June 16, 2007
Link: Cristian Dorobantescu
• OK, so now you have two contracts for $3000 per month. That's way better and increases your chances of having at least the money you had while employed. Great. But not all the customers pay on time, or pay at all. I've planned that big expense this month, because I knew the money would come in. Ah, need that savings account again, but don't worry. I will put the money back as soon as the customer pays (daydreaming)
• I have $5000 at the bank. Great. Now is the time to buy that car I always wanted. Hmmm, nope, you can't take money from the company just like that. You have to wait for the end of the year. Car buying is not deductible (or maybe it is, but put anything else that is not deductible in place of the car)
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Permalink: More money and still...
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