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Bootstrapping and Founder Resources
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Entrepreneurship
ENT.101 Bootstrapping and Founder Resources
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A founder is tempted to use a personal credit card for a $600 launch package. The scenario says the founder wants to avoid debt and keep an emergency reserve. Which alternative fits the standard best?
A
Charge the launch package now because future sales can probably pay it off.
B
Use the credit card for inventory and the emergency reserve for advertising.
C
Ask classmates to is expected to support repayment without explaining the risk.
D
Run a smaller customer-funded pilot and use free or donated resources before considering any debt-based option.
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