November 11, 2019 | Pepperdine Law alumna Deborah Sweeney (JD ’99) shared her insight on financing a startup business on the global financial site Finder. Sweeney is the CEO and owner of MyCorporation, an online legal and business filing service.
“Bootstrapping is fairly self explanatory — you use your own savings and money to fund the company. It can be difficult to do since you’re not bringing on investors or taking out loans. However, if you budget carefully and are able to sacrifice certain expenses in order to fund the business, you can self-fund the company through bootstrapping. Best of all, because you didn’t take out any loans, you don’t need to pay anyone back.”
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