Which of the following was not identified in the textbook as a common (and sound) bootstrapping strategy?
A) coordinate purchases with other businesses
B) hire interns
C) minimize personal expenses
D) buy rather than lease equipment
E) obtain payments in advance from customers

Question

Quizplus · Accepted Answer

Buying rather than leasing equipment is generally not considered a sound bootstrapping strategy because it requires a larger upfront investment, which can strain limited financial resources. Leasing can help preserve cash flow.

Which of the Following Was Not Identified in the Textbook