What’s the best piece of advice for a bootstrapped startup?

Let your idea and potential be heard by angels. Believe in your idea

Have a minimum viable product and start sales. Try to acquire paid customers who will be the right persons to help you add more features to your product. Have one or two person in sales who is capable of doing end to end sales activity. 

Have a an ironically and  clear strategy of accumulating raveue of your orgnisation and focus on how you want to save time and money and  generating revenue.also have clear tax rules system.

Have a simple and clear strategy and unflinching focus on how you want to generate revenue, continuous cash flow and enhance ROI. Rest everything works around this!

Looking for alternative business models to protect and enhance business review and shareholder value.

Focus on unit economics with clear potential for scalability.

Be different from your competitors and have the pulse of cutomers

At first all the manpower will have to be 100% confident that they can help to do achieve the team goals and must have a good strategy.

Apply a Ladder Approach. Close the First Order before taking up the next order.Collections is most important and a start up usually gets lost in the aura of the business acquisition and hires with speculation of future business. Start up Should Avoid Speculation 

Bootstrap Startup business needs to craft strategies to achieve corporate advantage by rendering superior quality services which will be source of having competitive advantage in the long run. Think beyond profitability but focus on quality that will win proportionate market share that will support sustainable profit.

Bootstrapping a business is difficult, but it’s by no means impossible. With the right amount of hard work, collaboration, and passion for your company, it’s almost easy to give up a chunk of your personal life today for the sake of your future. Ultimately, bootstrapping is making an investment in:

1. DESIGN A BUSINESS MODEL YOURSELF THAT WILL GENERATE CASH QUICKLY

Not all businesses are equally ripe for bootstrapping. The most successful bootstrapped companies have a business model that generates cash as quickly as possible. Without any cash inflow, you’ll burn your reserves before gaining any real traction.

2.  WATCH CASH LIKE A HAWK

Spending out of a personal bank account is risky—instead, fund a bank account specifically for the business. By creating a separate business account, you can track and learn what adds cash and what diminishes cash from the business. Free tools such as Mint can help track spending and calculate burn rate. Watch your cash like a hawk, daily.

3.  CUT PERSONAL EXPENSES 

Without a salary, you won’t have money to spend—so don’t expect to live a posh life when first starting your company. Consider every purchase, decrease rent expenses and come to terms with the idea of a less-than-lavish lifestyle.

4.  DON’T OUTSOURCE JOBS YOU CAN DO YOURSELF

When bootstrapping, hiring out for a job you could do yourself is an avoidable expense and a wasted organizational learning experience.

5. INVEST IN YOUR WEBSITE DOMAIN AND INCORPORATING

Incorporating and securing your website domain are major exceptions to the "price over quality" rule. We initially used an online incorporation service, but ended up with complications that cost more in the long run. If you intend to get VC funding, it’s better to have a clean incorporation record.

6.  BE DISCERNING WHEN CHASING REVENUE

Remember, your goal is to get as much traction as possible to raise a big round. While you chase revenue, you will randomly encounter tricky opportunities that achieve a significant bump in growth at the expense of modifying your operational model or product offering. Evaluate these opportunities before jumping on them: Seize them if they’re aligned with your long-term goals, and decline if they’ll become a huge distraction from achieving further growth. At an early stage, what might appear to be a revenue touchdown may distract you from building a real replicate business.

7.  DON’T TAKE "NO" FOR AN ANSWER!