Jul 292010

Regardless of your particular list of sources, you can take comfort in knowing that a lot of rich folks out there got that way by diversifying.

By trading on skills, bootstrappers can also band together to stretch limited dollars. For example, cohabitation could create a very logical arrangement: a desktop publisher, a photographer, a publicist, and a small ad agency might do well by sharing an office space. The possibilities are virtually endless for a creative thinker.

One possible problem that can arise from constantly adopting a ?do-it-yourself? approach is that the business founder may fail to make good decisions and delegate tasks that should be handled by another person or a supplier. If meeting with a prospective client could possibly generate a significant sale, and yet the entrepreneur is consumed with other tasks that could be and should be farmed out, then the business may not ever realize its full potential.

One concept that very few start-up guides do not emphasize enough has to do with time.
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