USE OF ENGLISH. Read the text about bootstrapping and complete each gap with ONE word.

BOOTSTRAPPING YOUR BUSINESS

Have you thought about starting a business, but don’t want to  through hoops to meet the requirements for small business loans?  You may want to consider bootstrapping your business. Bootstrapping means you self-fund your business. Because you invest your own money, you don’t need outside help lenders.

Bootstrapping your business can be difficult. Often, you have a tight budget business. But, bootstrapping also offers benefits to a startup owner. You  all business decisions and gain a strong understanding of your company. It's universally important to track and analyze your business’s progress. As you begin your startup, try these four tips to bootstrap your business.

1. Educate yourself for lower costs. Learning each aspect of your business helps you streamline your operations and reduce business costs. From accounting, to production, to marketing, determine the skills you need to your company.

2. Conduct a  analysis. You'll need to gather information from state commerce websites and your competitors’ history. You will also want to research your potential customers. Hold interviews and surveys with target customers and look trends in their behaviour. The more in demand your business is, more likely it is to succeed.

3. Build a budget.  It is a tool for you to keep your finances track and avoid overspending. Once you design it, try to stick it as close as possible. Only change your plan when it is necessary or beneficial for your business.

4. Connect with vendors and suppliers. If you are bootstrapping your business, you may have a tough time finding initial vendors or suppliers to buy goods . Working with a vendor is about building a , so start making connections early. (Adapted from www.patriotsoftware.com)

a vendor = a person or company that sells goods or services = sprzedawca