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Choosing bootstrapping

When is the bootstrap strategy of growing a business the right one? 
Sometimes, bootstrapping a business isn't an option, it's the only choice because the founder can't raise capital from from any other source.

Bootstrapping is a good option to choose if the founder wants to keep all ownership of the business and operate without significant debt. The greatest problem with bootstrapping is that the speed of business growth will be much slower than could be with outside capital. 
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