Bootstrapping Responsibly

Bootstrapping Responsibly from The Startup Garage
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Usually, the most successful bootstrapping entrepreneurs are those that take a close look at their spending habits – both personal and business expenses – and cut out anything that is superfluous. However, many entrepreneurs make the mistake of cutting or forgoing key expenses such as health and life insurance.

Whether you are a single, young, healthy individual or a mid-life married individual with a spouse and kids, your (and your family’s) health and well-being should always come before the business. Life’s big risks, such as serious illness, permanent disability or early death, should not be ignored in exchange for your startup’s longevity. Cutting these costs is not considered lean or bootstrapping – it’s irresponsible.

 

Whether you have a question about Bootstrapping Responsibly, or you’d like to discuss our business plan writing services, feel free to contact us for a free consultation!

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About Tyler Jensen

I work with entrepreneurs who are looking to attract investment and get out of the "Garage". I am passionate about helping entrepreneurs start companies that matter. I helped launch over 100 Companies, Non-Profits and Social Enterprises. I consider myself a serial entrepreneur, startup coach & trusted advisor. * Launching New Companies (For Profit, Non-Profit and Social Enterprise) * Expert Business Plan Writer * Extensive Network of Business Relationships focused on Launch & Rapid Growth of New Companies * Startup, Growth, Marketing, Technology, Web, Business Systems * Trusted Advisor to CEO’s & Entrepreneurs * Capital Raising Strategy Development * Startup Team Development The first company I started and sold is VAVi Sport & Social Club which grew to over 25,000 members in six years, was recognized as San Diego’s 30th fastest growing private company in 2006 by the San Diego Business Journal and 32nd fastest in 2007, and sold for over 25X the capital investment.