MBA1300 Q&A Wednesday: What are the pros and cons of bootstrapping my business?

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.9 • 1.2K Ratings

🗓️ 3 July 2019

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Go it alone, or get some help? Every entrepreneur has to ask this question, and the answer isn’t always obvious. It’s Q&A Wednesday, and one listener is weighing the ups and downs of full independence. When you “bootstrap” your business (as we did), you have total freedom, and total control. No investors, no loans, nada. You answer to no one, and can take your business in any direction you wish.

Transcript

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0:00.0	Heyo! Welcome to the $100 R. B. A. A. A. A. A journey of building a business is filled with questions.
0:16.3	We have some of those answers in our daily 10 minute business lessons for the real world.
0:21.4	I'm your host, your coach, your teacher Omar Zen Home. I'm also the
0:25.3	co-founder of the $100 MBA, a complete business training and community online.
0:29.8	And today's episode is a Q&A Wednesday episode.
0:33.0	On our Q&A Wednesday episodes, I answer a question from one of you,
0:36.2	one of our listeners.
0:37.4	If you have a question you want to ask, just email me over
0:40.0	at Omar at 100MBA.net.
0:43.0	Today's question is from Ricardo.
0:46.0	And Ricardo asks, what are the pros and cons of bootstrapping my business?
0:51.1	I'm starting a business and I want to bootstrap it by myself. Can you please
0:54.2	share your knowledge and experience when it comes to bootstrapping? What do you think are the
0:58.5	pros and cons? Cheers Ricardo. Thanks for the question Ricardo.
1:02.9	I'll be answering it in today's episode because, hey, our business is bootstrap so I can tell you
1:07.3	firsthand our experiences with both the 100-O-MBA and Webinar Ninja, what are some of the pros
1:12.4	and cons and things to look out for? Also, the with a business. It's a little easier to bootstrap use the funding, the money you make
1:25.0	the profits, to fund a business that's not as easy as a bootstrap. So that's something that
1:29.9	we did that really has helped. So I'll be sharing all that and answering Ricardo's
1:33.5	questions so let's get into it. Let's get down to business.
1:37.0	Today's episode of the $100 R.R.A. Show is supported by Podia.
1:46.0	Podia helps thousands of creators earn money from their passion.
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