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Why You Should Bootstrap Your Business

Explore how self-funding your business creates resilience, resourcefulness, and a stronger foundation for growth. In this episode of Build Your Business Podcast, Matt and Chris Reynolds dive into the pros and cons of bootstrapping your business versus seeking outside investment. They share their personal experiences, offering insights on the mindset, discipline, and grit required to succeed without external funding. From their early days building businesses on limited resources to managing growth without taking on debt, they discuss how bootstrapping forces entrepreneurs to build strong financial habits and develop critical problem-solving skills. Tune in for valuable lessons on growing a business with zero capital and the importance of perseverance in the face of adversity. ------------------------------------ Barbell Logic Links Website: https://barbell-logic.com/ Instagram:   / barbell_logic   Facebook:   / barbelllogiccoaching   X: https://x.com/BarbellLogic Matt's Links Website: https://ryanmattreynolds.com/ Instagram: https://www.instagram.com/reynoldsstr... Chris's Links LinkedIn:   / chrismreynolds   See how much you could be making at https://turnkey.coach/5x Check out our Coaching Kickstarter eBook to accelerate your coaching career If you're interested in improving your coaching practice and making 5x your current dollar-per-hour earnings, go to https://turnkey.coach/coaching-redisc... ------------------------------------ TIMESTAMPS: 00:00 – Intro to Build Your Business Podcast 00:27 – Matt and Chris Discuss Bootstrapping vs. Outside Investment 02:11 – Why Bootstrapping is the Right Choice for Most Businesses 07:06 – Big Companies and When to Consider Outside Funding 10:02 – The Dynamics of Bootstrapping vs. Raising Capital 16:11 – The Pressure of Bootstrapping and Building a Business 20:06 – Key Traits for Success as a Bootstrapped Entrepreneur 28:00 – The Mindset of Entrepreneurs Who Bootstrap 33:40 – The Importance of Resourcefulness in Business 36:07 – Benefits of Bootstrapping: Flexibility and Pivots 42:01 – Finding the Right Size for Your Business 46:31 – Building Grit and Resilience as an Entrepreneur 52:43 – Resourcefulness and High Agency in Founders 57:00 – Overcoming Challenges and Embracing the Grind 1:02:13 – Why Bootstrapping Leads to Long-Term Success 1:07:00 – Closing Thoughts and Outro #Bootstrapping #EntrepreneurMindset #BusinessGrowth