5 Leading Entrepreneurs Share Their Best Advice for Bootstrapping a Business

Work with those you trust, pick the right business, and roll up your sleeves, say Kara Goldin, Tai Lopez, and others. May 14, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. About 42 percent of startups fail because there’s no market need for their product, and almost 30 percent don’t make it because they run out of money. So, what does it really take to succeed in business, especially when you’re bootstrapping? We asked these top entrepreneurs and Advisors in The Oracles, including Hint Water’s Kara Goldin, investor Tai Lopez, and designers Emily Current and Meritt Elliott, to let us in on their secrets. 1. Surround yourself with people you trust. Kara Goldin Image credit: The Oracles When you’re bootstrapping a business, it’s paramount that you work with people you really trust. We self-funded initially so that we could stay true to our vision and control […]

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4 Things This Mom Did to Turn Her Passion Into a Thriving Business

With an unemployed husband and little money, this entrepreneur had to be scrappy. But she had to stay healthy at the same time. So she combined the two. March 14, 2019 8 min read Opinions expressed by Entrepreneur contributors are their own. There are many reasons why people decide to become their own boss. Some just fall into it, others decide to jump the corporate ship … and then there are those who do it to survive. When the latter course is your only option, as it was for me, the road to success can be a bumpy one. It requires a certain set of skills to turn that “idea” into a thriving business. In 2011, my husband was laid off his job in Los Angeles and embarked on his calling to be a pastor. That took some adjusting financially, because even with the unemployment checks, grocery subsidies and financial support from the […]

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You Can’t Build Your Business on Bartering and Free Information

Don’t come off as needy and desperate by offering barters that only make sense for you. February 4, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. It’s common to bootstrap when you’re starting out in entrepreneurship. When you don’t have disposable revenue, you work with what you have. You might offer a barter arrangement with another entrepreneur who has a strategy or tool that can help your business grow. You offer what your business does in exchange for the service or tool you’re seeking. Value for value.  You’ll also take free training that’s offered online. The internet and social media have created an opportunity for entrepreneurs to read blogs, listen to podcasts, watch instructional videos, attend webinars and participate in free local Meetup training. All of the mediums present learning moments for parts or direct strategy that helps grow your business.  As entrepreneurs grow their business, they may barter […]

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SPI 244: Bootstrapping a Startup with Nathan Barry from ConvertKit

Nathan Barry is back, and in this episode, he’s giving you a look under the hood at his own email marketing company, ConvertKit. If you’ve ever wondered how to bootstrap a business, this is the episode for you. Nathan has built and grown ConvertKit using customer funding and money from his own pocket—and that’s all. He’s here today to reveal how he did it, and what you should expect when bootstrapping a business of your own. You’ll learn how he structures his business, how it’s grown, where it’s headed, who gets paid when, and lots, lots more. As an advisor and current customer of ConvertKit, I’ve watched Nathan accomplish amazing things with his business. Don’t miss this story—you just might hear a few things that’ll inspire your own business growth, too! Thanks for Listening! Thanks so much for joining me again this week. Have some feedback you’d like to share? Leave a note in the comment section […]

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