http://www.college-startup.com/entrepreneur/5-tips-for-college-entrepreneurs-let-your-business-purchases-earn-their-keep/ Making money from a dorm room Thu, 28 Jan 2010 15:27:25 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.college-startup.com/entrepreneur/5-tips-for-college-entrepreneurs-let-your-business-purchases-earn-their-keep/comment-page-1/#comment-14803 Shawn Hessinger Sun, 03 Feb 2008 02:46:40 +0000 http://www.college-startup.com/entrepreneur/5-tips-for-college-entrepreneurs-let-your-business-purchases-earn-their-keep/#comment-14803 I think it should be added that the money you earn for investment in your bootstrap business could easily come from another related or even unrelated business. Like making enough in consulting to finance development of your first piece of software. In my case, I once invested money I had earned doing some freelance blogging. It was money I had not ever anticipated having because I had started the freelancing with the idea I could use some of the extra money I made for another side venture. The point is that you should never put yourself in debt for that bootstrap investment because debt service simply raises the break even point for your business. I think it should be added that the money you earn for investment in your bootstrap business could easily come from another related or even unrelated business. Like making enough in consulting to finance development of your first piece of software. In my case, I once invested money I had earned doing some freelance blogging. It was money I had not ever anticipated having because I had started the freelancing with the idea I could use some of the extra money I made for another side venture. The point is that you should never put yourself in debt for that bootstrap investment because debt service simply raises the break even point for your business.

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