Because John has limited financial resources to launch his social venture, he is trying to find ways to avoid the need for external funding. As a result, he engages in cost-cutting measures by relying on used equipment and technology and whatever he can do to reduce costs. John is probably using ______.

Question

Quizplus · Accepted Answer

John is using bootstrapping, which means relying on personal savings, revenue generated by the venture, and cost-cutting measures to get the venture off the ground without external funding. Crowdfunding, fundraising, and crowdsourcing all involve seeking external funding or resources.

Because John Has Limited Financial Resources to Launch His Social