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Only if you really need outside capital. Then yes. But small businesses are set up all the time with just the owner's resources. Bootstrapped entrepreneurs who build lifestyle businesses rarely make the headlines but they do enjoy an enviable amount of control over their own lives.



That only eliminates the first two outside forces (investors, angels) in the list. You still have to deal with customers and employees - in other words, the market.


Well, that remains true regardless of whether you're an entrepreneur, a freelancer or a salaryman. Anyone you do work for is a client of sorts and, even as a salaryman, you can end up in charge of other people. Plus, as an entrepreneur you do have a degree of control over the course to take when engaging the market and hiring people.

As long as we're talking about control, I can't see how it's possible to trump a bootstrapped entrepreneur who has a minimal team or none at all.




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