5 Basic Bootstrapping Rules Every Entrepreneur Should Know


4. Hire cloud dwellers

Surely you won’t be having enough money to set-up a business or hire some colleagues. So instead of dealing with a costly affair what you can do is hire some freelancers. These freelancers have loads of experience and you can deal with them in exchange of some business profit as per their work.

While you work with them, there are numerous project management tools and time tracking tools to manage your virtual task force such as Asana.com, Trello.com and Basecamp.com.

5. Set your payment systems, invoicing, and finances in order

Start with spreadsheets to pull all your numbers together to start with. Wait for your first order, cash in the invoice, only then it’s feasible to move over to any of the web-based invoicing tools accessible for small businesses such as Freshbooks, LessAccounting or Xero.

When looking for an accountant, depending on your location, applied laws, and regulations decide whether you’d need someone full-time, part-time, or if absolutely anyone can do your book-keeping from anywhere.

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