Entrepreneur

6 Entrepreneurs Share the Brilliant, Crazy Ways They Took Their Companies From Pennies to Profit

Whether you're self-funded or not, there's plenty to learn from a bootstrapper.
Source: Alvaro Dominguez
Alvaro Dominguez

Strapped for cash? You’re not alone. The business press may make it seem like every startup rakes in millions from VC firms, but in reality, many, many, many more entrepreneurs build without any cash infusion. And that often makes them smarter and scrappier.

Related: 5 Things You Need to Do When Bootstrapping Your Startup

“The idea of bootstrapping is positive in the sense that it forces you to sell before you build,” says Patrick FitzGerald, a lecturer at the Wharton School and a serial entrepreneur. He sees an increasing number of his students bootstrapping -- some to keep control of their company vision, and others because they’re buried in business-school debt and can’t fathom taking on another loan. He sympathizes. “I myself have always bootstrapped,” FitzGerald says. “My parents are teachers, so I’ve never had the luxury of not bootstrapping.” 

In this article, we talk

You're reading a preview, sign up to read more.

More from Entrepreneur

Entrepreneur12 min read
How the Future Gets BUILT
How do you dress for the Pentagon? Most people hoping to secure a contract to send satellites into space would put on a suit. But Ben Lamm is not a fan of the expected. So on a visit to Washington, D.C., the night before his big meeting with Air Forc
Entrepreneur3 min readPopular Culture & Media Studies
Are We Going Digital Forever?
HAVE A PROBLEM WE CAN SOLVE FOR YOU TELL US AT HELPME@ENTREPRENEUR.COM My business has always depended on in-person interactions. Do I need to create a robust digital offering to survive? —JERRY, ROCHESTER, N.Y. COVID-19 ROCKED every aspect of work,
Entrepreneur7 min read
15 WAYS Franchises Became Stronger This Year
“As the world grappled with a sudden pandemic, at Daily Jam, a brunch and lunch concept, we swung for the fences and opened two ghost kitchen concepts. Mindful Bowls and CinnaSwirl operated out of Daily Jam’s spaces and used many of the same ingredie