Quote from SteveM on February 5, 2019, 2:58 am

It is common for bootstrappers to create a business for less than $100. To keep the expenses down, they often work from home, budget carefully and roll their profits back into the business.

Would be entrepreneurs have great ideas (or so they think) but ideas on their own mean nothing unless they are properly acted on. Execution is everything. Businesses often fail, not because the idea was bad, but because the entrepreneur lacked sales and/or marketing skills.

Bootstrapping tests an idea to determine its viability as a business. If the idea fails at the bootstrap phase, then you should move on.

Read more...