Bootstrapping Business Quiz

Which type of business is generally easier to bootstrap?

• A business requiring special equipment

• A business with low operating costs

• A business selling specialty food products

• A business with high startup costs

What is one way an entrepreneur can save money while growing their business?

• Hire many employees from the start

• Invest heavily in paid advertising

• Rent a large office space immediately

• Work a part-time job elsewhere

Why might an entrepreneur choose to operate their business from home initially?

• To avoid paying taxes

• To attract more customers

• To save on rental costs

• To increase product prices

What is a potential challenge of bootstrapping a business?

• Limited financial resources

• Rapid business growth

• Excessive funding from investors

• Too many employees

What might entrepreneurs do after initially bootstrapping their business?

• Seek assistance from investors

• Continue without any external help

• Reduce their product offerings

• Close the business