Here’s a link to a blog entry that I found particularly useful. It uses the term, bootstrapping, to describe a practical way to begin a small business. It involves cutting costs to a minimum during the early stages of business in order to make up for a lack of capital. I find this particularly useful for entrepreneurs, since I was once in a position where I started a company without the experience and credibility to acquire a loan. It blurred the distinction between the LLC and personal life since revenue and costs of the business were so interconnected with that of of the person during startup. In the article, it suggests simple cost-saving techniques that blur the distinction, such as finding free publicity and working from home. These techniques are extremely useful in the creation of a small business.
Many prominent business people have a “go big or go home” attitude. This article stands out since there are many small business owners who lack the ability to acquire significant capital.