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The Bootstrapped Founder cover image

318: Louie Bacaj — Betting Small to Win Big

The Bootstrapped Founder

NOTE

Diversifying Income Streams for Entrepreneurs

Entrepreneurs are diversifying their income streams beyond just software by engaging in various ventures such as short-term rentals, newsletters, and real estate. Some acquire existing businesses with solid cash flows to enhance them further. This approach is seen as sustainable and less risky compared to starting from scratch. By following a stair-stepping approach of building small income-generating projects like Shopify or WordPress plugins, entrepreneurs can create a foundation for future ventures.

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