Bootstrapping is familiar to new business owners because the beginning is when you do it the most. To bootstrap is to start a business with little or no capital. It can even mean just using your own capital.
What does bootstrapping mean in practical terms?
For myself and most small business owners, we started
because we needed money, not because we had it. Personally, I had to push myself to learn as much as I could in terms of tools and tech. Paying someone was out of the question. In practical terms, bootstrapping is to do instead of pay!
No money is not the only reason to Bootstrap
In business, I believe that owners should be able to do all the things they will pay others to do. It does not need to be their superpower, they don’t even need to be that good at it. In order to hire someone and keep a handle on your business, you need to know what it should look like. Will you be able to analyze what someone else is doing in order to make sure the job is done correctly? You will if in the beginning, you learned what was needed by bootstrapping!
Starting your first business via Bootstrapping
It can be hard’ish when you first start out. I say “ish” because it is mostly a matter of perception.
If you want to start a little business, you have something you are interested in, then what’s stopping you
? MONEY, is the word that comes up lots, but that is not really the issue. There are a ton of success stories out there about women starting with nothing. They did not borrow money, they put in the time and energy required to realize their dream.The truth is that if you have something you want to share with the world, it is your duty to do so! We are all unique and have gifts. I myself and not a great writer but I write because I have something to say. Does this part make me money? Not directly but it is part of the process!If you have been thinking about starting an online business, please know that you don’t need a whole lot of anything except time. We all seem to have a lot of that on our hands lately!Grab my free “Discovering Opportunities” (sign up for email and we will send it) it will give you some grease for the gears of your creativity!