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Lacing a shoestring budget with enough green to get your startup up and running takes some finagling. Still, it can be done. If you can't find investor backing right now, then turn to alternative funding routes. You may want to start with your own hidden assets to find the cash you need. One example: Retirement funds can bankroll your future in more ways than one. "Several entrepreneurs who need seed money for their startup are using the Solo 401(k) program to gain tax and penalty-free access to their retirement accounts," notes financial advisor Andrew Betts.
Pam, thanks for the mention of BlitzLocal
Posted by: dennisyu 2009-12-26 03:01:17 In reply to: Pam Baker
Not only does funding from clients help pay the bills, but it helps establish your company's reputation and allow you to build your product based on real data. Thus, we have 3 huge benefits from bootstrapping here-- of which cash is the least important.
