FM Feature:
How To Bootstrap Your Startup
From Read/Write Web
The first in a series of posts about how to run a startup and develop a product, written by guest author Matt Rogers of Aroxo - a person-to-person trading exchange for consumer electronics, computer gear, whitegoods, and more.
The aim of many entrepreneurs is to take a business idea and convert it into a professional and functioning business on a low budget. This is typically called “bootstrapping” and it is fraught with potential pitfalls and dangers. But when done well it can really help get a company going fast, professionally and without the founders having to give up much (if any) equity - or bankrupting themselves.
Over the next 5-6 posts I’ll outline the process which I’ve now followed at several corporates and which I’ve honed to work with my own startup, Aroxo. I’ll discuss what skills you’ll need, how to write your requirements, how to source developers and designers, how much to budget, how to agree a development contract, how to manage your vendors, how to plan your release, all the documentation you'll need, and much more.
What is bootstrapping?
So, what does it mean to bootstrap a company? Bootstrapping involves launching a business on a low budget...
Published on Find Federated/Tech on this date:
Sep 10
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