Answer

1. What kind of bootstrapping strategies did the Goldstar cofounder use to start their business?
Answer : the strategies that they use in starting a business is I think
 Take as little salary for yourself as long as possible
 Educate yourself on basic legal and accountancy matters
 Attend every possible networking event to make conncetions
 Offer Discount to early customer to ensure a consistent cash flow

 Don’t give up your day job until the business is being productive and making
proper many
Explaination: yes don’t give up to your job because all the straggle all the effort
soon will going to be successful.

2. What kinds of bootstrapping strategies did they not use?

Answer : They not use a
 Work from home
Explaination: they not use work from home

3. How might the cofounders have utilized crowdfunding to further bolster their initial seed
Capital?
Answer: The resources is resource for money they not use other money to start business they
only use their own money because according to Robert Graff they didn’t want anyone else’s
money because we didn’t want their advice”

4. What risks does entrepreneur take by bootstrapping for resources instead of securing seed
capital
Answer: they are taking risks in terms of money founding since they are outing their personal
savings or money.

5. What risk does an entrepreneur take by securing capital instead of bootstrapping for resources?
Answer: having a loan to the bank or any other creditors which they will eventually have to pay
interest whether the business will going to be successful or not, what they do is they just use
their own money. Taking a risk have a debt without a sure source of money