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How to build a business by your bootstraps; It's possible to create a business without venture capital, or any outside investment. But it's not easy. Going it alone will require, first and foremost, the strictest cost controls you can muster - a lesson easily learned when you're writing payroll checks from your personal account. Here are four tips from experienced bootstrappers:.

Publication: Crain's Chicago Business
Publication Date: 21-FEB-05 		Format: Online
Delivery: Immediate Online Access
Full Article Title: How to build a business by your bootstraps; It's possible to create a business without venture capital, or any outside investment. But it's not easy. Going it alone will require, first and foremost, the strictest cost controls you can muster - a lesson easily learned when you're writing payroll checks from your personal account. Here are four tips from experienced bootstrappers:.(Focus: Finance)(Brief Article)

Article Excerpt
Choose wisely Bootstrapping works best in businesses that provide steady and immediate cash flow. If you can get customers to pay up front, your business can probably finance itself. Also, look at the industry: A growing market with no dominant competitors should allow you an easy entry.

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