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Bootstrapping Before Investors: Why Many Businesses Choose Not to Raise Capital
Manage episode 279737678 series 2797471
Bootstrapping gives both you and your company advantages you can’t get with a huge cash infusion.
This is especially true for startups that take on an advisor to help guide them through tough decisions and formulate the strategies and tactics that will help them make the most of what they have.
And if, down the road, you do decide to look for outside investors, building a profitable business while bootstrapping puts you in a far stronger position to pitch your business and negotiate terms.
In this episode you will learn:
- Why you don’t “need” investors to build a growing business.
- The advantages you can’t get with a huge infusion of cash.
- How advisors work from your goals... but investors work from theirs.
- Why bootstrapping is a BIG advantage in getting investors later.
Resources:
- How to keep control of your business
- Starting out with limited resources
- What does a startup advisor do?
- Is lifestyle or company culture important to your startup?
- All-in-one Business Plan Kit
SPECIAL OFFER:
- Listeners can get 1 FREE hour of consulting by using the code “startup” or mentioning this offer when they book a call.
Connect:
32 episodes
Manage episode 279737678 series 2797471
Bootstrapping gives both you and your company advantages you can’t get with a huge cash infusion.
This is especially true for startups that take on an advisor to help guide them through tough decisions and formulate the strategies and tactics that will help them make the most of what they have.
And if, down the road, you do decide to look for outside investors, building a profitable business while bootstrapping puts you in a far stronger position to pitch your business and negotiate terms.
In this episode you will learn:
- Why you don’t “need” investors to build a growing business.
- The advantages you can’t get with a huge infusion of cash.
- How advisors work from your goals... but investors work from theirs.
- Why bootstrapping is a BIG advantage in getting investors later.
Resources:
- How to keep control of your business
- Starting out with limited resources
- What does a startup advisor do?
- Is lifestyle or company culture important to your startup?
- All-in-one Business Plan Kit
SPECIAL OFFER:
- Listeners can get 1 FREE hour of consulting by using the code “startup” or mentioning this offer when they book a call.
Connect:
32 episodes
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