You may have a good idea for a business — but not the cash to back it up. How can you get your new business off the ground? Contrary to popular belief, you don’t need a huge outlay of cash — or any cash at all — to launch a business. Here’s how to bootstrap your way to entrepreneurship:
Novice entrepreneurs often quickly learn the depth of truth behind the old saw “it takes money to make money.” Still stiff lending standards continue to hobble many startups’ attempts to land loans. Even companies that are established — and profitable — are having a hard time raising funds. So what’s a fledgling business owner to do?