Bootstrappers are a very unique set of non-linear-thinking go-getters and they tend to move forward in a non-linear fashion, using non-sequential methods. Non-linear thinking is a Bootstrappers most vital skill! And, one result of honing this skill is the Bootstrappers ability to formulate a wider range of non-traditional startup and survival strategies.
Bootstrap venture rules differ from those of Rocket ventures.
For many bootstrappers, profit-making is not the #1 priority of their ventures. Self-sufficiency and life-style are more likely the top priorities. Needless to say, that is very much in contrast to traditional venture capital funded business priorities.
Bootstrappers usually don`t make a formal business plan as these plans are mainly a communication tool to seek external capital. Bootstrappers make action plans.
Very well said. I like the way you think.