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September 2015

Entrepreneurship

Put On Your Big Girl Boots & Deal With It: Bootstrapping Baby & 4 Common Misconceptions

You’ve got to admit, these babes look pretty badass, don’t they?!? Like they are ready to kick some major a$$… fearing nothing… ready to get down and dirty… ready to win. If you know anything about me, then you will understand why I am drooling all over this, but I digress, let’s get to straight to business.  So what is bootstrapping anyways?

I don’t know about you, but many of us were not born with silver spoons in our mouths with trust funds or super rich parental units that are ready to dole out some serious moola (aka $$$) to help launch our potential million dollar business ideas.

 

I would venture out to say that funding is the #1 deterrent for why most entrepreneurs are unable to get their start up off the ground. Where is the money? SHOW ME THE MONEY (insert my best Jerry Maguire rendition here). So, needless to say, this is one of the first critical decisions you’d have to make, whether to seek outside funding through venture capital investors or to self fund (aka rely on your personal savings, beg and borrow money from friends and family, max out your credit cards and sometimes, extreme yes.. you may have to go live at home with your parents).

 

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