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How to Bootstrap Your Business

Bootstrapping is one of three extremely common ways to fund your business. The term broadly refers to the idea that business founders “pull themselves up by their bootstraps”, or use their own, limited funding to get a business into motion. 82% of small businesses are self-funded, and there are a number of reasons for that.

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3 Ways to Fund Your Business

There are three main avenues for funding a business: bootstrapping, debt financing (loans), and equity financing (investors). There are pros and cons of each, but for now, we’ll just introduce you to what each of these terms means at a high level.

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FinanceKimberlyComment