What You Should Know about Crowdfunding Your Business

So, you want to start a business, but are not independently wealthy enough to invest your own money. Have you considered crowdfunding for business?

This method might be the answer you’re looking for. But first, there’s a lot you should know.

What Is Crowdfunding?

Crowdfunding is when a group of people donate money to help an individual or organization accomplish a goal. You can use crowdfunding for any number of things, from paying for your wedding to funding your new business. Typically, this is done via the internet on any number of crowdfunding sites. Kickstarter and Indiegogo are the most popular crowdfunding sites for business.

To keep reading, click here: What You Should Know about Crowdfunding Your Business

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2 thoughts on “What You Should Know about Crowdfunding Your Business

  1. I have supported several “crowdfunded” projects between Indiego and Kickstart. Each of the companies, I gave a donation to kept me in the loop as to their process in acheiving goals I even help start up an independent bookseller store. The one company (a bronze grinder) had problems getting the products done in bronze ( a lost art) but they kept me in the loop with every holdup and offered everytime to send me a regular grinder but I held on and by Christmas this year, I will receive a bronze grinder, well worth the wait.
    Like your article stated, these enterpeurs need to keep constant feedback and have to acheive their goal.

  2. I backed a Kickstarter for some specialized dice. The guy misjudged a) how much they would cost, and b) how long they would take to get. He’s missed his Christmas delivery deadline by at least a month.

    But he’s been up front at every stage, and owns the failure like a champ. There hasn’t been a single negative comment from backers.

    People do business with small time entrepreneurs, in part, for the personal touch. Nothing is more important than honest, timely communications.

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