Thursday, May 19, 2022
  • About Us
  • Contact Us
  • Middle East
The Opportunist
  • Home
  • Startup News
  • Opinion
  • Stories
  • About Us
  • Contact Us
No Result
View All Result
The Opportunist
  • Home
  • Startup News
  • Opinion
  • Stories
  • About Us
  • Contact Us
No Result
View All Result
The Opportunist

Why is it Good to Initiate a Bootstrapped Company

TheOpportunist by TheOpportunist
November 29, 2018
in Opinion
2 min read
0
Why is it Good to Initiate a Bootstrapped Company
0
SHARES
238
VIEWS

With young entrepreneurs becoming millionaires, it has become a mindset of budding entrepreneurs to look at their ventures from a standpoint of creating market capitalization and then selling it off. Most entrepreneurs nowadays look for venture funding to scale up their businesses through aggressive marketing at lightning speed and eventually increase the company’s and their own net worth. It is understood that most aggregator models do require huge funding but not all product or service based models do.

In such process, the business model is primarily focussed on achieving a certain scale of operations through use of the ‘funding to be received’. This usually overlooks the financial viability of the business model in several years to come.

Related posts

Halloween businesses during COVID-19 pandemic

Halloween businesses during COVID-19 pandemic

October 31, 2020
2020 U.S. Elections and its Implications for Canadian Entrepreneurs

2020 U.S. Elections and its Implications for Canadian Entrepreneurs

October 26, 2020

In contrast, running a bootstrapped business helps test and evaluate the fundamentals of the business model. It makes much more sense to run a start-up business ground up with organic funding as it helps test the business viability and validate the model. Below are some of the pointers which will further entrust your psyche to run a bootstrapped business:

  1. Organic growth helps assess the robustness of the business model
  2. Company gets to spend ample time to test the products/services and its feasibility in the prospective market
  3. The business plan on paper converts to a working business model which helps test the waters and fix the initial hiccups
  4. Entrepreneurs learn the art of working with limited resources and yet excel in producing desired results
  5. Saves the additional time of founders otherwise spent on ‘dealing with stakeholders’ and focus on getting the core of the business right at initial level
  6. Entrepreneurs have the option of steering it the way you want
  7. Running a bootstrapped business helps bring out the creative side of entrepreneurs and ability to stay frugal
+2
Tags: CompanyEntrepreneurs
ShareTweetShareSend
Next Post

Plan Your Digital Marketing Strategy Not Just Social Media

Next Post
Plan Your Digital Marketing Strategy Not Just Social Media

Plan Your Digital Marketing Strategy Not Just Social Media

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Plan Your Digital Marketing Strategy Not Just Social Media

Plan Your Digital Marketing Strategy Not Just Social Media

3 years ago
How this Vancouver based business is pledging for food sustainability

How this Vancouver based business is pledging for food sustainability

2 years ago
5 Email Productivity Tricks Every Professional Should Follow

5 Email Productivity Tricks Every Professional Should Follow

2 years ago
2020 U.S. Elections and its Implications for Canadian Entrepreneurs

2020 U.S. Elections and its Implications for Canadian Entrepreneurs

2 years ago

FOLLOW US

  • 55 Fans
  • 25 Followers

BROWSE BY CATEGORIES

  • Experiences
  • Opinion
  • Startup News
  • Stories
  • Strategy
  • Uncategorized

BROWSE BY TOPICS

blockchain Book Launch budget Business Business Model Canada Canada Business Charity Company Construction Consulting content Digital Marketing Economy Education Business Employment Entrepreneurs Entrepreneurship Food food wastage Hard Work Hiring hydro Immigration Innovation Investing Legal Mentorship ontario Persistence Proof of Concept Retail Skincare SMEBusiness Social Enterprise Social Media Startup Strategy tax Technology vancouver

POPULAR NEWS

  • Learn how Dennis Geelen founded his own consulting company after 20 years of corporate experience

    Learn how Dennis Geelen founded his own consulting company after 20 years of corporate experience

    0 shares
    Share 0 Tweet 0
  • How this 26-year-old CEO is redefining blockchain technology in media

    0 shares
    Share 0 Tweet 0
  • Persistence is the only way to initiate & run businesses – This Company waited for 3 years to get its first client

    107 shares
    Share 107 Tweet 0
  • How this 20-year-old developed a solution for her own skin problems to later build a business out of it

    0 shares
    Share 0 Tweet 0
  • How ‘Cooks Who Feed’ plans to serve meals to over 1 million people in 1 year

    84 shares
    Share 84 Tweet 0
The Opportunist

We are dedicated towards highlighting the businesses, entrepreneurs and startups that have made an impact towards Canadian economy with their products, services or even by sheer determination to succeed.

Follow us on social media:

  • About Us
  • Contact Us
  • Middle East

Copyright © 2020 | The Opportunist.

No Result
View All Result
  • Home
  • Startup News
  • Opinion
  • Experiences
  • Stories
  • About Us
  • Contact Us

Copyright © 2020 | The Opportunist.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.
SIGN UP FOR NEWSLETTER NOW
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.