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Bootstrapping is about the using income the business makes to run itself from the get go, and at most starting with a very small fixed amount of money. Self fu
by segmondy 6y ago
Bootstrapping is about the using income the business makes to run itself from the get go, and at most starting with a very small fixed amount of money. Self funding is taking money from your own bank account to fund the business. Very different things that are often conflated and confused for one another.
If you decide to bootstrap a business and set a budget, that's it. You don't get to add more to it, there are going to be very small essentials, but you don't spend any more money. Perhaps you spend a little money to buy domain name, but then you run on a dev server till it brings in income. You absolutely don't spend on marketing or paying anyone, until it brings in income to cover that cost.