Bootstrapping your startup is the art of funding your enterprise out of your pocket, and building it up to a stage where you can attract investment. And while bootstrapping is certainly cost-effective, there are, of course, inherent problems with the method. You have to get some sort of traction, first and foremost. And you will have limited funds to make your dreams come true.
Plus, it’s important to remember that there are no guarantees you will get the funding you need beyond your personal investment, meaning you could walk away with nothing. With this in mind, here are some smart suggestions on how you can bootstrap your business and prepare it for a successful future.