Tips on growing your business by bootstrapping will be shared at this month’s Startup Grind Bournemouth.

Bootstrapping is when a business starts up without the help of venture capital firms or angel investment.

It involves ploughing any money earned from customers back into the business.

James Lewis, Co-founder of Pro2col, will talk about his experience of bootstrapping and why businesses should be using this strategy to achieve more organic and sustainable growth.

In 2003, James co-founded his managed file transfer business, Pro2col using the method of bootstrapping to grow the business.

Since then the company has delivered file transfer solutions to over 800 customers in more than 30 countries throughout the UK, mainland Europe and North America.

The company now has a team of more than 20 people operating from offices in Bournemouth.

Entrepreneurs attending the Startup Grind talk can expect to hear about:

• The drawbacks of bootstrapping
• Why you should bootstrap your business
• The importance of finding a niche
• Choosing the right business partners.

James said: “Many startups seek investment and meteoric growth from the onset, however in a bid to achieve this, it is easy to become stretched thin financially.

“I am grateful for the opportunity to speak at Startup Grind Bournemouth and share useful tips into how to grow your business in a way that is organic and with a view to long term success.”

Startup Grind Bournemouth hold monthly talks where startup businesses in Bournemouth can learn vital insights from various industry leaders.

Marcus Wincott, Director of Startup Grind Bournemouth, said: “It is a pleasure to have James come and speak at this event.

“His knowledge of bootstrapping as well as his experience will be of major benefit to anyone who is looking at ways of growing their business.

“He will also provide attendees with effective tips in choosing the right business partners that will help them achieve their goals.”

For more information regarding Startup Grind Bournemouth and this latest event, on November 20 at 6pm at Media Lounge, 8-10 Christchurch Road, Lansdowne, Bournemouth, BH1 3NA, please visit: https://www.startupgrind.com/events/details/startup-grind-bournemouth-presents-james-lewis-bootstrapping/#/