How do I choose between bootstrapping and seeking investment?
An example of an AI chatbot conversation about choosing between bootstrapping and investing.
I'm starting a new business. Should I bootstrap or seek investment?
It depends on your business model and goals. Bootstrapping gives you full control, while investment can accelerate growth.
What are the pros and cons of bootstrapping?
Pros include maintaining control and minimizing debt. Cons are limited resources and slower growth.
And what about seeking investment?
Seeking investment can provide capital for rapid growth, but it often means giving up some control and equity.
How do I decide which option is best for me?
Consider your financial situation, growth plans, and how much control you want over your business. A mix of both is also possible!
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