Bootstrapping
Starting/growing business with minimal external funding; relying on: personal savings, revenue reinvestment, free resour...
Real World
James Dyson developed his bagless vacuum cleaner prototype using personal savings and reinvested revenue over five years, retaining full ownership before eventually securing outside investment.
Exam Focus
When 'assess' or 'evaluate' is used, weigh retained control and zero debt against slower growth — both sides are needed for Level 3+ marks.
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