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

Entrepreneur2 min read
How a Woodworking Hobby Helps This Entrepreneur Be a Better Businessman
As the founder of travel-clothing company Paskho, I travel a lot for work. You name the far-flung city, I’ve been there. I encounter a lot of long, sleepless nights in hotel rooms, but instead of using that extra time to pore over new clothing concep
Entrepreneur3 min read
How Cannabis Company Caliva Survived a Business-Ending Regulation
When a new law limited how companies can deliver cannabis, Caliva just invested more in their delivery service.
Entrepreneur3 min readPsychology
Are You Wasting Employees' Talent? Here's How to Know
Asking one simple question when you hire could boost the success (and happiness) of your new staffer.