Bootstrapping
Starting/growing business with minimal external funding; relying on: personal savings, revenue reinvestment, free resour...
Real World
James Dyson funded early Dyson vacuum cleaner prototypes entirely from personal savings and reinvested revenue, retaining 100% ownership rather than giving equity to outside investors during his 15-year development process.
Exam Focus
Link bootstrapping to ownership retention and financial risk to the entrepreneur — 'discuss' questions require both sides for full marks.
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