Advertising
Advertising

The Art of Bootstrapping

The Art of Bootstrapping

In entrepreneurship, it is not the end of the world if you cannot get venture capital. Without any funds from venture capital, you still could launch your product or services by bootstrapping your business. Guy Kawasaki has posted an article called The Art of Bootstrapping which talks this exact topic – how to pull off a sucessful bootstrapping business:

  • Focus on cash flow, not profitability
  • Forecast from the bottom up
  • Ship, then test
  • Forget the ”proven“ team
  • Start as a service business
  • Focus on function, not form
  • Pick your battles
  • Understaff
  • Go direct
  • Position against the leader
  • Take the “red pill

The Art of Bootstrapping – [Guy Kawasaki]

More by this author

Leon Ho

Founder of Lifehack

Book summary: A Technique for Producing Ideas Finding Your Inside Time 10 Ways to Extend Laptop Battery Life Bob Parsons on His 16 Rules for Survival Free note taking templates and techniques

Trending in Uncategorized

1Book summary: A Technique for Producing Ideas 2Book Summary: The Power of Habit in 2 Minutes 31 Minute Book Summary: 59 Seconds 42 Minutes Book Summary: Thinking Fast and Slow 51 Minute Book Summary: Always Hungry?

Read Next

Advertising
Advertising

Last Updated on August 15, 2018

Book summary: A Technique for Producing Ideas

Book summary: A Technique for Producing Ideas

Kirby Ferguson has written a summary for the book A Technique for Producing Ideas. Generating good idea is a fine art, if you have mastered it you will be successful in many fields. The author of the book, James Young, describes five steps on a technique of combining old elements together:

  • Gather new material, both specific and general.
  • The Mental Digestive Process
  • Drop it
  • Poof, the idea appears
  • Work it

Kirby also brought out his own thoughts – drop down every ideas you have in mind – You mind is not always as good as paper and sometimes it only stays for a short period of time. After you’ve dropped your ideas into your notepad, you will also have extra chances of linking and modifying your ideas together.

Advertising

Book summary: A Technique for Producing Ideas – [Goodie Bag]

Advertising

Advertising

Read Next