Bank loans and venture capital aren’t the only ways to get a new business up and running. Countless entrepreneurs have started successful businesses without borrowing a dime. Known as bootstrapping or starting a business without outside capital, small business owners who’ve gone this route have had to rely on their resourcefulness, drive and creativity instead of cash to build successful enterprises.
“Being undercapitalized was a great thing for Barefoot,” says Michael Houlihan, co-founder of Barefoot Cellars and co-author of the upcoming book The Barefoot Spirit: How Hardship, Hustle, and Heart Built a Bestselling Wine. “It forced us to think creatively and to be resourceful every step of the way.”
To read the original article: 5 Ways to Start a Business With Little or No Money | Fox Small Business Center
