Comments on: Ten Rules for Bootstrapping Your Business

By: Christina McClure

Christina McClure — Sun, 25 Jul 2010 17:08:09 +0000

I am helping to bring the “TED Universe” to YOUTH…..a new global lauch. A foundational article. Thank you! Christina

By: Peter Pittman

Peter Pittman — Fri, 16 Jul 2010 21:46:56 +0000

As a Business Banker, I really enjoy being a trusted advisor to entrepreneurs, in order to provide them with ideas, contacts and support…in other areas besides credit. Tom is right to “line up credit in whatever forms you can find, and lots of it.” Bankers know and understand the start-up statistics very well, and are constantly reminded how difficult it is to achieve long-term positive cash flow, thus our hesitancy to extend credit to a start-up with less than two years experience. Entrepreneurs need to remember that bankers do not invest equity in your business, and the only way we’ll get comfortable lending you money is if there is a high probability that it will be repaid. Great job, Tom!

By: Ray Hutchins

Ray Hutchins — Wed, 14 Jul 2010 12:26:44 +0000

Great advice Tom. And especially noted is your advice to “get a mentor”. According to the SBA, the # 1 reason for business failure for new businesses is lack of professional advice–not money. In the Denver metro area, TiE Rockies is THE most cost-effective place for someone to get a highly qualified mentor.

By: Angelina Bausch

Angelina Bausch — Wed, 14 Jul 2010 08:20:02 +0000

Assessing the money flow is one more important element in the organization strategy format, so as to sustain a normal cash flow to meet the essential capital needs. Probability of monetary crisis and also the ways of crisis management must be mentioned within the structure. The business technique must consist of the marketing plans and technique leading to the expansion in the organization.