Hi,
I am thinking of setting up a few other business ventures. One potential pitfall is funding running out in the first few months. I have looked at lots of ways to raise money and a new method which keeps on popping up is crowdfunding. Does anyone know what the success rates are for this, I mean how often is the funding actually raised? Keep in mind I am planning lost of different methods of funding, so I wouldn't just use crowdfunding. But maybe that could raise 10,000 out of the 50,000 I need if you understand me. Any advice at all is welcome.
I think crowd funding is superb and have used it myself. If you have a genuine business plan, thought through, which will stand professional scrutiny then crowd funding is a good and straight forward option. You can look at equity versions, where the crowd own part of your company, or a straight forward loan which is made up by contributions of lots of investors. But there are cons. Information is public, your business plans will be open to public scrutiny, with the risk of negative as well as positive feedback, which could affect your credibility if not done right. Not something to be rushed into, but well thought out, with good preparation, it is a good modern way to raise funds. |
Recent Posts The Rise of Ottoman Beds: A Smart Investment for Modern Homes  Glossing 4 comments Advantages of Hiring a Remote Court Reporter 1 comments Improving Website Visibility and Performance for E-commerce Best Windows and Door Companies in your city/town How resource smoothing worked for my business Accounts for International Payments and FX? The benefits of therapy for entrepreneurs and businesses Investigating the Integration of Salary Sacrifice in Fleet Administration 3 comments A New Year begins - what's your resolution? 5 comments  Businesses that aren't yours but you would recommend 15 comments profits and new van 2 comments Composite front door 4 comments Vat / Vat Exempt 1 comments Artificial Grass Las Vegas |
