How To Bootstrap A Startup?
How To Bootstrap A Startup?
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Prachi
Bootstrapping means self financing your business.
Here are some steps you can follow to bootstrap your startup:
1. Pick a team that complements the skills that you posses. People with complementary skills in a team bring out great results.
2. Start by targeting small customer base. Your target should be acquiring a small but loyal customer base.
3. In the initial phase of business try to take as less as possible for yourself from the business.
4. Try to gain as many skills as possible. It will help you have a holistic approach towards problems.
5. Creativity is a key to coming up with innovative solutions.
6. Work on a sustainable revenue model as funds from bootstrapping soon get exhausted.