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Bootstrapping

Thursday, January 26th, 2012 – running time 05:35

Successful entrepreneur and CEO, Jay Adelson demystifies the start-up process by providing advice, tips, and answering questions. In this episode, Jay explains what it means to bootstrap (self-fund), the risks, benefits, requirements, and other elements to consider when deciding to bootstrap or not.

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04:23
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Jay's Chalkboard Notes:

- Money for bootstrapping should be carefully budgeted

- Reason to boostrap is to retain more ownership and control

- Bootstrapping can reduce stress in running the company

- Before bootstrapping, figure out if you can afford to

Alternatives to Bootstrapping

- It's not the end of the world if you can't bootstrap

- You can take funding and still retain control of your biz

- Bootstrapping is a great option if you can do it. If you can't, don't be afraid of investors.

04:23

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Have questions about launching a business that you want answered? Submit them to askjay@revision3.com, or upload a video question on our YouTube page. And make sure and follow Jay via Twitter.

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Next: Starting Versus Running a Business

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