BOOTSTRAPPING: WAY OF BUILDING A BUSINESS OUT OF VERY LITTLEOR VIRTUALLY NOTHING

Abstract

Any starting out in business don't realize that that there are more than 20 funding sources available to get the money needed to fund a business vision, idea or project. The sources are broken down into two main groups, Bootstrapping and Equity Financing.

Bootstrapping is when you the Entrepreneur decide to go it alone using on the ground resources from personal savings to second mortgages. Equity Financing is when you the Entrepreneur decide to give up a percentage of the ownership of your company in exchange for needed capital.