Sramana Mitra tells aspiring entrepreneurs that they need to be ready to bootstrap if they intend to launch a business during the recession. But, bootstrapping does not mean that you can't build a successful and worthwhile venture:
Businesses often fail to take flight because they cannot raise funding. Well, start with the assumption that funding will not be available until the business is substantially further along, if ever, and that bottleneck is removed.
Additionally, most businesses should not look to raise money. They are truly small businesses - in this day and age even a $5 or $25 million business can be considered a small business, and does not really fit the framework of professional venture capital.
That does not, however, mean that these businesses are not worth building. In fact, a $12 million a year company fully owned by the entrepreneur is a wonderful situation. Full control. Loads of cash. And true independence. Heck, even a $300,000 a year business has many of those same attributes, and is plenty worthwhile.
Hi Jeff, I agree with your post. I am currently testing and measuring different
Google-AdSense-Strategies on small scale with a limited budget and sharing what works for me as a source of information on my website. I invite you to check it out and give me some feedback if you find the information interesting. I will talk to you again soon :) .