“Stay self-funded as long as possible (GARRETT CAMP)”
Although it is risky, investing money in your business is a great option for starting a business. Bootstrapping and Self Financing are also terms used for Self Funding.
When you self-finance your business, you gain much more control over it. Owning 100% of the company is yours.
In your business, you will be the only decision-maker. Profits and losses will be solely your responsibility.
For small businesses, self-funding or bootstrapping is usually done. You have two options if you believe your idea will work and you are able to bring it to fruition.
As long as your business is successful, you're good to go. You will not be able to get your money back if it does not meet your expectations.
It will be better for you to invest in someone else's business if you want to invest in a business for the first time.
Using this option, you will experience a real-time business environment without any risks.