To bootstrap or to raise capital? That’s one of the many forks in the road entrepreneurs have to decide between.
Although seed capital is abundant these days, there are incentives to launch a business on your own dime. Bootstrappers have more control over their business; they’re forced to be innovative and scrappy, and they attract team members who are in sync with their vision.
But no one says bootstrapping is easy. It requires entrepreneurs to shoulder high opportunity costs, personally and financially. Not to mention that without a fast injection of venture capital funds, building a business might take a lot longer.
Want to learn how to get a business off the ground with a little cash and a lot of moxie? We’re here to help you learn how: Listen to our Biz503 episode: How to Bootstrap Your Startup.
You’ll want to catch this episode on how to bootstrap. Listen to learn how to get scrappy with your startup plans – and how to launch with whatever funds you have on hand.
Co-hosts Rebecca Webb, team leader at Portland Radio Project, and Kedma Ough, SBDC director at Mount Hood Community College, were joined by the following guest panelists: