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Shoestring Budget Definition
“On a Shoestring Budget” refers to a project or task that is attempted with a small budget or minimal capital funding – which is generally insufficient for the proposed capacity of the project.
A shoestring budget is likened to a shoelace that when stretched is enough to keep a pair of shoe on the foot, but parts of the foot might hang out.
A Little More on What does on a Shoestring Mean
While a shoestring budget is a budget is generally considered insufficient for the underlying project, there is a notion that, if a shoestring budget is stretched, the budget might just be enough for the project.
“Bootstrapping” is a related but different concept. It refers to individuals carrying out a project with only the use of available resources.