During this economic downturn, many of us have faced similar circumstances. In trudging through a gloom-and-doom atmosphere, there have been things we wanted to get done, businesses we wanted to expand or start, but couldn’t. At least not the way we’d originally envisioned.
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No doubt the best and brightest went after funding, but it wasn’t available. So they started anyway, knowing that it was do-or-don’t eat, and were thus highly incentivized to get the business model right. Right enough that 61% of the entrepreneurs turned a profit after only a year.
I agree with this, especially now that I’ve headed back into the hardcore bootstrap mode. I’ll be putting a post together to outline my recent experiences, and how they look to have come out for the best in reality. I think the major point in all of this, always look for the best alternative within a situation, especially when it doesn’t go as planned.
