What Is Meant by the Term "Bootstrapping"? Provide Several Examples

question 34

Essay

What is meant by the term "bootstrapping"? Provide several examples of the ways that entrepreneurs bootstrap to raise money or cut costs?

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Definitions:

WEIRD

An acronym for Western, Educated, Industrialized, Rich Democracy that refers to emerging adults. The criticism is that conclusions about human development based on people in such nations may not apply to most people in the world, who do not live in WEIRD nations.

Educated

Having acquired knowledge, skills, and learning through formal instruction or study.

Industrialized

The process of developing industries in a country or region on a wide scale.

Rich Democracies

Countries characterized by high levels of economic development, wealth, and democratic governance.