Want to Stay a Millionaire? Don't Do These 4 Things.

Right now you may be logging hours in a coffee shop or co-working space trying to make your idea a reality, but project yourself a couple of years into the future. The business is a success, with customers, employees and an office of your own, you've turned a profit and now someone wants to buy your company for a cool million or more.

You're in the position to take a breath and think about your next steps in this new financial bracket. How do you make the most of what you've earned and manage your money in such a way that works for you? We collected advice from some top wealth management experts about the things that a savvy entrepreneur turned millionaire will never do with his or her money.

10 Bootstrapping Tips to Turn Your Idea Into Reality

The majority of startups are founded without capital injection from venture capitalists or angel investors. The real numbers are eye-opening: Venture capitalists (VCs) fund only 0.05 percent of startups, and angel investors are responsible for funding just 0.91 percent. Take a moment to really think about those percentages in relation to the approximate 543,000 new businesses started each month in the United States.

With the chances of receiving funding so slim, if you’re serious about turning your idea into a reality, you’re most likely going to have to dip into your own pockets and bootstrap your way to the top. It isn’t easy, but it can be very rewarding, both personally and financially, as you retain 100 percent of your equity.
In no particular order, here are 10 tips to help you bootstrap your way to success: