Bootstrapping: Financing Your Business

If you start your own business, you have a wide variety of financing options, especially for founders. The amount and purpose of financing, your willingness to take risks and other factors play a role in the planning and implementation of the appropriate financing strategy.

Advantage of self-financing

Financing from your own resources is of course only an option if you have the necessary financial resources. Then, however, self-financing has several advantages. Your company remains completely independent of banks or external investors.

In addition, there are no interest or repayment instalments. A self-financed business can also appear more creditworthy or impress one or the other investor. This is beneficial if you want to take out a loan in the future or work with investors.