4 ms·
Hey, good luck. I also bootstrapped my company through contracting work, and as of this year, I'm ramen profitable. I'm not quite opportunity cost profitable,
by lsc 17y ago
Hey, good luck.
I also bootstrapped my company through contracting work, and as of this year, I'm ramen profitable. I'm not quite opportunity cost profitable, but I'm moving in that direction at a fairly high velocity.
Some of my lessons:
1. I make a lot of money as a contractor, compared to what people I know who can do many of the tasks required for my company.
(cultivate relationships with people who are poor but skilled!)
Until very recently, my personal primary focus was on contracting, and people who worked for me would focus on my company.
2. Avoid debit at (nearly) all cost.
If you have debit, recovering from mistakes is much, much more difficult. buy what you need, when you have the cash. Debit (and a mistake) very nearly killed my company. I essentially ended up ignoring my company for a large part of a year while I worked to pay it off.
It will be hard, but you know? so is getting funded.
- armandososa 17y agoThanks for the advice! And I like your company a lot.