What percentage of small business owners typically rely on bootstrapping?

Bootstrapping refers to the process of starting and growing a business with limited resources, relying on personal savings and revenue generated by the business rather than seeking external funding. A significant portion of small business owners adopt this approach due to the desire to maintain control and minimize debt or dilution of ownership.

The fact that 95 percent of small business owners typically rely on bootstrapping highlights the commonality of this funding strategy in the small business landscape. This reliance is indicative of the entrepreneurial spirit and resourcefulness of small business owners, who often navigate financial limitations to achieve their business goals.

While other percentages represent substantial portions of small business owners who bootstrap, the 95 percent figure underscores the prevalence of this approach in the small business community, showcasing a strong trend towards self-funding and organic growth.