If Cash Is King, Credit Is Queen
In this article in BW Online, Emily McHugh shares her experience and makes the case for bootstrapping, including the prudent use of credit cards. Other sources of capital at the various stages of her startup included loans from families and friends, an SBA micro loan, a manufacturer's advance, bank lines of credit, and -- her personal favorite -- upfront cash deposits from customers.
A nugget from the article:
"All entrepreneurs need to spend less time worrying about debt or equity financing, and a lot more time figuring out the route to positive cash flow. Getting the product to market and generating sales should be the entrepreneur's primary focus."
