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Have You Bootstrapped a Home-Based Business?

10/21/2009 9:52:28 AM

Tags: question to reader, home-based business

You want to go into business, but no one is willing to loan the upfront capitol necessary for your full-scale business plan. What do you do!? In an online excerpt from its upcoming book, The Wall Street Journal Complete Small Business Guide, the Wall Street Journal suggests you start small with your own capitol — an entrepreneurial approach called bootstrapping — and then slowly build the business to a place where investors see the its potential. Another option, once the business has grown in size, is to skip outside investors all together, put the company’s profits back into the company, and retain full control over your business.

Home-based businesses are not just about childcare and craft sales. With the Internet at your fingertips, you can make, market and sell any product or service you can think up, and do it all from your garage, basement or home office. For decades Mother Earth News readers have bootstrapped their home-based businesses, turning dreams into successful business opportunities. Are you one of the folks who has developed a bootstrap home-based business or do you have plans to start one in the near future? If so, tell us your story in the comments section, below.

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