CVCC Small Business Center: Getting Started-How To Bootstrap Your Business 1-24-2017

More often than not, startup loans and debt are acquired to offset the “costs” of startup. This debt is the greatest new business and entrepreneur killer in the marketplace today. The reason is because repayment comes due before the new venture has made its first revenue. This creates a great distance between delivery of products or services and revenue as the profits go straight into repaying debt. This session identifies specific bootstrapping methods and strategies that start-ups can use to avoid borrowing funds.  With the creative use of Bootstrapping and product or service value, debt can be avoided in many cases.