One of the earliest and most critical decisions an entrepreneur must make is whether to self-fund a startup by bootstrapping, or raise outside funding through venture capital. The implications of each decision are significant.
How you fund your company will help determine its chances of success, its scale, its long-term prospects, and ultimately, your relationship with your company.
As an entrepreneur who has invested significantly in my own company, I believe that bootstrapping is the best option. It’s never easy, and it’s not always glamorous, but bootstrapping will force you to become a better, stronger entrepreneur with a more vibrant business. Here’s why:
To read the original article: 8 Ways Bootstrapping Makes You A Better Entrepreneur - Forbes
