Asked by Lakiesha Faison on Feb 18, 2024
Verified
If you choose the right bootstrapping strategy,you can likely avoid having to invest sweat equity.
Entrepreneurship
A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
- Identifying different bootstrapping strategies.
- Evaluating the importance of choosing the right bootstrapping strategy.
- Understanding the concept of bootstrapping in business.
Verified Answer
MM
Miranda MorrowFeb 18, 2024
Final Answer :
False
Explanation :
Bootstrapping necessarily involves investing sweat equity, as it refers to starting and growing a business without external funding or support.
Learning Objectives
- Identifying different bootstrapping strategies.
- Evaluating the importance of choosing the right bootstrapping strategy.
- Understanding the concept of bootstrapping in business.
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