I've been bootstrapping my company off profits for the last couple of years - from £1500 initial investment to ~£100k/yr profit now. I can offer advice on how to go about doing something similar.

Basically: go with what sells, reinvest as much as you can afford, and pick an area with lots of potential avenues to go down that isn't very crowded with competitors - Open Source Hardware FTW! It's possible to teach yourself what you need to know as you go along; there is plenty of info on the internet (I don't have an engineering background, but learned 3D printers through trial and error and consulting online fora)

over 5 years ago