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Bootstrapped small businesses can have the same scaling potential as startups. They just value sustainable growth over business fragility. It seems foolish during summers but that mentality allows bootstrapped businesses to survive winters in a way that startups can't.

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> small businesses can have the same scaling potential as startups

Usually not. Most small businesses have geographic limits to their scaling potential. That said, yes, there are niches where small businesses will beat a start-up competitor, at least in the short run.

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