This week we are going through every single thing you need to do to start a business, even if you have no money and no idea this week, we are going through bootstrapping. We talked a little bit about it last week and this week, we're going to dive into the why the benefits of bootstrapping.
To refresh bootstrapping is the process of starting a business with as little money as possible. One of the ways we recommend doing that is to get customer funding, to have your first customers. Give you some of the startup capital or to pay you in advance. The benefit of this is that it takes a customer and turns them into a partner, which should be long term, much more beneficial and provide more contacts.