Bootstrapping corresponds to the type of funding that could be used for an entrepreneur to test his new business idea.
What is bootstrapping?
It is the use of personal resources to start a new business, not resorting to capital from external investors for this purpose, with the capital inflow only arising from the entrepreneur and customers.
Therefore, bootstrapping can be advantageous by giving full responsibility and management to the entrepreneur, but as disadvantages, there is increased personal risk and slow business growth.
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