bootstrapped

Vocabulary Word

Definition

'Bootstrapped' usually refers to a business which is started and grown using only personal finances or the company's revenue. It's like building a car while driving it.

Examples in Different Contexts

In business development, being bootstrapped means growing a business through internally generated funds, focusing on profitability. A business owner might explain, 'Bootstrapping has forced us to be disciplined and lean, prioritizing projects with immediate ROI.'

Practice Scenarios

Scenario:

We have designed our system to be self-sustaining, reducing the need for anyone to intervene unnecessarily.

Response:

Right, our system is pretty much bootstrapped to suffice even during peak load moments.

Design

Scenario:

I started my design studio with bare minimum investment. All we had was a laptop and a few software subscriptions.

Response:

It sounds much like how I bootstrapped my own design firm with just basic tools and software.