“Bootstrapping is the reality for 98% of start ups”, according to unreformed entrepreneur and former MaRS leader, Charles Plant.
What is bootstrapping, anyway?
Bootstrapping is using your own money and other types of money that are available to build your business.
At our last Entrepreneurship 101 lecture on bootstrapping, Charles discussed creative ways of growing your business without raising money from investors.
As a result of his experience with about a dozen emerging companies, Charles is a strong advocate of the bootstrapping model. To learn more about its pros and cons, watch the lecture video.
Downloads and Resources:
- Video: Charles Plant on Bootstrapping
- Charles’ Slides: Bootstrapping
- Entrepreneur’s Toolkit – Financing your idea: Bootstrapping
- Entrepreneur’s Toolkit – What financing approach is right for your business?
- Join the Facebook Group
Marielle works as part of the education team at MaRS. She helps entrepreneurs get access to business resources both online and in-person.
The RIC blog is designed as a showcase for entrepreneurs and innovation. Our guest bloggers provide a wealth of information based on their personal experiences. Visit RIC Centre for more information on how RIC can accelerate your ideas to market.