The following entrepreneurs just completed a seminar in bootstrapping. Some of

The following entrepreneurs just completed a seminar in bootstrapping. Some of them listened well, while others must have slept through the lecture. Which ones did well?

a. Jerre offered to clean his neighbor’s garage if the neighbor, an artist, would paint a sign for him.

b. Annette cleaned out a corner of her basement to set up her office.

c. Mary Ellen figured she’d buy all her supplies up front so she wouldn’t run out.

d. Jon found a used van to use for his painting business.

e. Milton figured he was well worth the $10,000 a year salary he paid himself from his part time business.

f. Cathy charged everything she could up to the credit cards’ maximums.

g. Frances offered everybody equity in her company in exchange for services they provided.

h. Gil was running a little short of cash so he got a cash advance from one of his credit cards.

i. Geraldine figured she really didn’t need the special cake pan for her bakery as long as she could meet orders with what she had at hand.

j. August’s motto was “To Be Successful, You Must Look Successful” so he always bought the best.

 

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