Bootstrapping is great, but it's impossible to start a business
without putting in personal savings or taking out a loan. We did both
when we opened, but all the work was done ourselves like in many other
spaces

I'm glad to hear Alex's enthusiasm for the fall, but I wanted to share
that we've also been seeing an unprecendented amount of tough
financial situations our members are facing - whether it's losing
investor money, losing big projects or just being late on payments.
The recession is definitely a huge factor - I think while I'd normally
agree that there are more entrepreneurs in tough economic times, it's
just not the case this time around. In fact, I'm seeing more
entrepreneurs turning back toward stable jobs.

Anyway, don't want to be all 'gloom and doom' :) Our space has been
busy the last couple of weeks and I hope that's a good sign for the
fall!

Sasha Vasilyuk
Sandbox Suites
www.sandboxsuites.com


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