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Bootstrapper Tips
by Shawn Hessinger on October 3, 2006

And Greg Gianforte, founder and CEO of RightNow Technologies Inc., started his highly successful Internet software business from a spare bedroom in Bozeman, MT.
So why don't more bootstrap entrepreneurs consider working from home as a way of lessening their start-up cost?
As Tony D. Clark suggests in this post at "Success from the Nest", working from home can be a major factor in reducing overhead, an important way of maximizing profitability and the amount of income available to grow your company.
Looking back over a business plan I put together a few years ago for starting a small community newspaper, I now realize working at home in the beginning could have saved me tens of thousands in start-up costs.
Yet, when a real estate representative trying to help me find office space made that same observation, I had what I believe for many entrepreneurs is a typical reaction.
"Huh? Why would I want to do that?"
Today, I can't think of a single reason it couldn't have worked out.
Working from home can save you major expenses ranging from buying a building to renting and renovating office space. That's not counting the added cost and headaches of bringing employees into that environment.
Don't assume you need a separate work space to get started on your next big venture. Big things can and do come from humble beginnings.
CONTINUED IN THE NEXT POST
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/38138
Mr Wong
Vote for Working from home can be key bootstrap technique:
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Rating: 8.25 out of 4 vote(s) cast.
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Response from:
BJ
(10/06/06 4:17pm)
There are also the significant tax advantages once you do start getting income coming in. I started out in a home office more than ten years ago, and I've never looked back since!
Response from:
Home Based Business
One fellow Creative Weblogging Inc. blogger Shawn Hessinger blogged about how working from home is a good bootstrapping method and also discussed 5 tips in starting a home business. My favorite among his 5 home business tips is that one...
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