Crowdfunding: How Easy is it to Raise Money for a Start Up?
According to Mark Cuban, a highly successful entrepreneur, only a moron would borrow money to start a business; the ethos here is that you simply start a business with debt which is, according to Mark, a ridiculous thing to do.
Of course in today’s financial world it’s not that easy to borrow money from banks without a considerable sum invested in order to spread the risk and therefore many new businesses fail to get off the ground due to the lack of borrowing requirements being met.
So, if you don’t want to start out with debt and you can’t borrow money how on earth can you ever get started?
The answer for many if ‘crowfunding’; it’s simply a way of allowing an individual or group to create a sales pitch at the general public in order to get them ‘the crowd’ to invest in your project.
It sounds so easy but the truth is like anything else in life it requires a considerable amount of effort and of course you have to have an idea that people will adopt and believe is worthy in order for them to give you funding.
In the video below you can learn some extremely useful tips for crowdfunding that may just enable you to successfully raise funds to get your project off the ground.
I hope you find this useful.
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