Amy Clark just opened a soup and salad restaurant near Golden Gate Park in San Francisco, CA. Rather than borrow money or raise funds from investors, Amy used her creativity and ingenuity and figured out how to get her business up and running without the need for external funding. By maximizing the resources she currently has, Amy is utilizing a technique referred to as ________.

In business, bootstrapping refers to opening a small business and eventually making it grow using only the entrepreneurs personal savings and money, and not requiring any additional debt or other types of financing.

A bootstrap is a company launched by an entrepreneur with his/her own money.

In this case, Amy did just that, she started her own soup and salad restaurant with her own money and made it grow with a lot of hard work.

akposevictor akposevictor · Answer 2 · 2020-04-01T10:08:58+02:00

Answer:

bootstrapping

Explanation:

In business, bootstrapping is a technique that involves the building of a business from the scratch in a small way, with one's personal savings without having to borrow loan from external sources. All resources to start the business are all improvised and sourced personally in order to startup the business. Bootstrapping is a technique that most small businesses usually employ at startup especially when they want to avoid taking loans or seeking funds from investors.

According to the information given in the question about Amy Clark's business startup, we can say she is utilizing the bootstrapping technique by maximizing the resources she currently has to get the business up and running, while avoiding seeking of funds from investors.