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Mastering the Art of Bootstrapping for Successful Business Growth
Episode 3513th April 2023 • Business Veda • Malay Damania
00:00:00 00:14:04

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“Raising funds is a time consuming and painstaking process as there are many strings attached to it”- Malay Damania.

The decision to start a business is challenging and daunting as you need funds to establish and grow a business. Only 1% of startups manage to raise and get equity funds.

Tune into this episode as your host Malay Damania shares the art of bootstrapping and how to successfully manage a business with personal resources.

Key Takeaways

  • Start a bootstrap startup with a minimum viable product. Ensure it targets a specific group and focuses on solving a specific problem.
  • Ensure your MVP has enough features to validate your business
  • Gather feedback from your early customers to see if the product is market fit and this way you will save time and money.
  • Focus on cash flow as that is the life and blood of your bootstrap startup. Ensure you have enough cash to cover expenses.
  • Keep expenses variable. For example, use a coworking space instead of an office or consider outsourcing a few tasks to freelancers. 

Listen to the entire episode to know how you can bootstrap a successful startup.

Buy Malay’s book - Business Champ

Malay Damania conducts business mentoring and coaching sessions to help small and medium business owners, startup founders, entrepreneurs, and CEOs to get past their stagnancy in business to move into a growth trajectory.

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**This show is produced and managed by Done For You Podcasts, full-service podcast launch and management company**