Real estate investing, Amazon ecommerce and the sharing economy are waiting for you. By Sujan Patel Opinions expressed by Entrepreneur contributors are their own. And, as it turns out, the wealthy are also stressed about money -- not just those in lower-income households. You can eliminate some of that financial stress by earning extra income, even if you have a full-time job. Shutterstock Start a service business Launching a service business can be done without a large network, an online presence or much overhead. Noah Kagan from AppSumo nailed this concept. He ended up founding a successful beef jerky subscription business that he gave to one of his students to run. You can steal his concept, with a business like dinner catering, freelance writing or online marketing.
The Bottom Line Bootstrapping is likely en route for be part of the history of nearly every successful company. In a lot of cases, these companies are entirely bootstrapped before management accepts venture capital before other means of outside funding. Entrepreneurs who are self-made—that is, they bootstrapped their way to success— are a rare breed. To start a affair and bring it to successful achievement takes a sound mix of assertion, risk toleranceself-discipline, determination, and competitiveness. Bootstrappers take an idea—and using talent after that professionalism—build a worthwhile business without the backing from investors and having a small amount or no starting capital. It takes great dedication, sound work ethics, after that pure single-mindedness to achieve success this way. Some of the greatest entrepreneurs —such as Sam Walton and Steve Jobs—exemplify these characteristics. Key Takeaways Entrepreneurs who bootstrap their companies start along with very little money and no beyond investments to build their business. Bootstrappers may rely on sweat equity, buyer funding, personal debt, or personal savings to provide initial capital.