Name: Bootstrapping: How to fund the early stages of your business
Overall Rating:
Category: All Learners
Duration: 2.00 hour(s)
Individual Fee: Free

Bootstrapping is how the great majority of small business startups are funded. Studies show 90%+ of all start-ups are funded by the entrepreneur's resources and internal cash flows from the business itself.

Most start-ups get going using a combination of bootstrapping methods, and many highly effective small businesses continue to fund their own growth internally by continuing to use these methods. Bootstrapping is not "going without". Instead, its finding creative ways to use limited resources to launch and grow businesses.

This Development Activity has not been scheduled.
Illinois SBDC at the College of Lake County
19351 W. Washington St.
Grayslake, IL 60030
United States
Importance: Why this competency is important to our organization, mission, strategy, or goals.
  1. External equity capital is generally not available for business startups until they have demonstrated there's a market for their products and services.
  2. Banks don't loan to start-ups.
  3. Business founders don't want to share ownership, answer to others or be responsible to others for potential business losses.
Know and Explain: Information you will know, be able to explain, or be able to find.

  • Know the amount and type of wealth you have when you start a business
  • Understand owner's capital 
  • Learn the four keys to lower cost of operations
  • Compete on value and market to customers wo are willing to pay for value 
  • Understand business credit
  • Customer Financing 
  • Receivable factoring  

SkillPrerequisiteExpected Outcome
Allocating Resources1 - BeginnerNot specified
Financial Acumen1 - BeginnerNot specified
Financing1 - BeginnerNot specified
Class Costs
Class Value$25.00
Individual Fee$0.00
Private Class Fee$0.00
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