Episode 56: The 11 Traits You Need to Adopt to Be A Successful Bootstrapped and Lean Operations Business

For the past 19 years, I’ve been on #TeamBootstrap when it comes to running a business, but I haven’t always been as lean as I should have been on the operations side.  Having experience being bootstrapped and non-lean versus bootstrapped and lean, I think the combination of a bootstrap mentality and the focus to run a very lean operation is key to succeeding in business these days.  In this episode, I cover 11 traits or characteristics you should try to adopt to make this entrepreneurial journey as successful as possible for you.

Topics Discussed (Time Stamped)

01:19 The concept of being a bootstrapped company
03:45 Difference between bootstrap vs lean and start-up vs bootstrap
05:22 1. Always focus on cash flow.
06:25 2. You and your team must be able to wear multiple hats.
07:25 3. Have people that will wear single hats.
09:16 4. Relentless focus on the customer and intensely listening
10:32 5. Have a clear understanding of what a good fit and a bad fit.
11:28 6. Have a Get it done mentality
12:38 7. Focus on automation and process
17:18 8. Everything you spend is questioned.
20:52 9. You test often and you learn fast.
22:36 10. You are all in.
23:51 11. Have a close tight like-minded core team.

Quotes Worth Sharing

Cash is King Click To Tweet You can’t be the best in everything when you have limited resources. Click To Tweet

Resources Mentioned

Thanks!

Thanks for listening and checking out the show notes,  any feedback, comments, or questions, send me an email at david@techsmartboss.com

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