Several reasons might lead an entrepreneur to choose bootstrapping over seeking external funding. These include:
Control: By not relying on external investors, entrepreneurs maintain full control over their business decisions and vision. Equity Preservation: Bootstrapping allows founders to retain full ownership of their company, avoiding equity dilution. Efficiency: Limited funds encourage entrepreneurs to be more resourceful and efficient, potentially leading to a leaner and more sustainable business model. Reduced Pressure: Without the pressure to meet investor expectations, entrepreneurs can focus on long-term goals and steady growth.