No money needed for bootstrap expansion
Filed in archive Bootstrapper Tips on March 22, 2008
Sitting at a staff meeting recently discussing expansions recently, a realized the radical difference between a bootstrapped and a more conventional business approach.
To be sure, expansion of business activities should never be done without careful consideration.
When I decided recently to expand the news offerings of my bootstrapped PostRanger.com media network to include News of the Poconos it was due to a belief that the area was a fertile opportunity.
But instead of discussing the amount of money needed to open a new branch office I just started a new website-about 15 minutes investment in time and no cost.
The earnings will, of course, take care of themselves-one way or the other.
Permalink: No money needed for bootstrap expansion
Tags: bootstrap bootstrapping bootstrapped entrepreneur entrepreneurship business startup News Poconos Pos
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Response from:
Dane Carlson
(03/24/08 6:15pm)
Exactly. Too often would be entrepreneurs spend pretending to run a business when in fact they don't know if they have an actual business.
Response from:
Shawn Hessinger
(03/25/08 12:08am)
This is even worse if they are investing a large amount of money in a business without having any idea whether the business is sound.
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