How to boot-strap your start-up
Wednesday, September 12th, 2007The aim of many entrepreneurs is to take a business idea and convert it into a professional and functioning business on a low budget. This is typically called “bootstrapping” and it is fraught with potential pitfalls and dangers, but when done well can really help get a company going fast, professionally and without the founders having to give up much (if any) equity or bankrupting themselves.
Over the next 5-6 posts I’ll outline the process which I’ve now followed at several corporates and which I’ve honed to work with my own start-up, Aroxo. I’ll discuss what skills you’ll need, how to write your requirements, how to source developers and designers, how much to budget, how to agree a development contract, how to manage your vendors, how plan your release, all the documentation which you need and much more.
