Definition
Bootstrapping is the process of starting and growing a business with limited external funding, relying on personal savings and reinvested profits.
Related Services
Bootstrapping strategies are supported by financial planning, cost management, and lean business methodologies.
Problem and Application
Bootstrapping limits access to large-scale resources but fosters creativity and discipline. Entrepreneurs use it to maintain control and build sustainable businesses.
Conclusion
Bootstrapping is a challenging yet rewarding approach to entrepreneurship, emphasizing self-reliance and efficient resource management.
