I was inspired by a recent article over at Small Business Trends about small business bootstrapping. In the article, the author tells the story of how he has successfully grown his business into a multimillion dollar enterprise with no debt and using no outside investors.
This is the approach I’m taking with my business and it’s great to hear about success stories of others who have gone this route.
One thing I realized after reading that post is that computer consulting fits perfectly into the bootstrapping philosphy. In fact, other than online businesses, I can’t think of a more frugal business to start than that of computer consulting.
As I’ve been working to establish my business, I’ve learned some things about how to keep expenses low and avoid the burden of credit. Although tailored for computer consultants, these strategies can apply to most any business start-up.