Navigating the Challenges of Self-Sufficient Growth.
Bootstrapping encourages Customer oriented approach through which the Startup focused on the Customer’s needs and feedback, hence outmatched its competitors in the market. By instilling the bootstrapping principles, the startup navigated its way through the challenges with agility which makes their growth sustainable for its long-term visions.
To sum up, it is evident that this business model can be helpful for the startups as it emphasizes self- reliance, creativity, consumer- centered approach, financial independence which in return empowers the founders to pave their own path unaffected and unencumbered by the external factors like the investors and their approach to rapid short- term growth plans.
By: Tamannaa
09-May-2024 02:10 pm
User Website : http://www.pearltrees.com/arenessstartups/item578962874
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Bootstrapping refers to the practice of starting and growing a business without relying on external funding or investment. Instead, entrepreneurs use ...
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