Which of the following is an advantage of bootstrapping?
A)You can expand your business faster.
B)You will avoid risk.
C)Outside investors are more likely to fund you if you have bootstrapped.
D)You have tapped into a lucrative source of advice and connections.

Question

Quizplus · Accepted Answer

Bootstrapping shows that you have skin in the game and have managed to grow your business with limited resources, which can make your business more attractive to outside investors. They may see it as a sign of commitment, resourcefulness, and the potential for sustainable growth, making them more likely to invest.

Which of the Following Is an Advantage of Bootstrapping