Most people believe that bootstrapping is only applicable to early startups. However, bootstrapping can also be a valuable financial strategy for businesses in the growth stage. In this solo episode, we learn the definition of bootstrapping and how it’s different from getting outside investment. Then, we discuss the three instances when it makes sense for founders to bootstrap. Finally, we find out seven practical and actionable tips to bootstrap for business growth...
You may be excited to consider a cooperative model. If you’ve seen our case studies, you know how effective and useful they are. However, there's more to it than restructuring and diversifying your ownership—you also need to know the legal considerations, including tax and revenue allocations. In the United States, there are still several states with poor co-op laws. Do the research and know where your cooperative can work best...