\bˈuːtstɹapɪŋ], \bˈuːtstɹapɪŋ], \b_ˈuː_t_s_t_ɹ_a_p_ɪ_ŋ]\
Definitions of BOOTSTRAPPING
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1. When a business is started up and built out of little to nothing. Boot strappers need their own personal income, nearly no operating costs and usually only take cash for transactions when first starting to stay in business. Many of the largest companies today started as boot strappers or even garage companies. Due to the dependent nature on starting a business, most companies starting up with no money still follow this road. 2. When one period is predicted because of the predicted data for the current period. 3. A business fund that tries to avoid any outsourced funding locations. They will not rely on outside banks or receive interest loans they have to pay back if the money is coming straight out of pocket from the company.
By Henry Campbell Black
Word of the day
Mrs Caroline Lee Hentz (Whiting)
- An American writer of popular romances; born at Lancaster, Mass., 1800; died Marianna, Fla., Feb. 11, 1856. Among her works may be named: "Aunt Patty's Scrap-Bag"(1846); "The Mob Cap"(1848); Planter's Northern Bride"(1854); etc.