So many startups are transfixed on raising money as soon as possible. I can understand why. But there’s another part of me that will always maintain that being bootstrapped, at least in the early days, allows you to learn and establish lessons that will serve you well for many years to come.
Some of the best advice I can offer to founders and startups is that you make better decisions when you have less money. It’s an idea that’s as true in life as it is in business. Learn to function with less, learn to make what you have work harder and go further. Worrying about costs and budgets is a positive thing.
Having less money will teach you more about your business and yourself....