“Bootstrapping to Fund a Business Venture” Please respond to the following:

• Bootstrapping allows founders to have more control and give up less of their company to investors. Yet continually living on limited resources can take its toll on entrepreneurs. Examine the pros and cons of both working full time and taking a part-time job to help finance a new business.
• Prepare a plan that describes how a new entrepreneur can manage his or her personal credit prior to starting a business so he or she can qualify for bank loans and other sources of funding.