Bootstrapping

Bootstrapping is the process of building a business from the ground up without external funding. Entrepreneurs use personal savings and reinvest profits to grow their companies. This approach fosters lean operations and can lead to significant ownership retention but may limit initial growth speed.

• Bootstrapping involves building a business without external funding.
• Relies on personal savings and reinvested profits.
• Encourages lean operations and significant ownership retention.
• May limit initial growth speed compared to funded startups.