Plenty of entrepreneurs have found success with their crowdfunding campaigns. Failure though, is always a possibility—even when the end is in sight and it seems to be a sure thing. Crooked Bottle, an aspiring local brewbub, learned that lesson the hard way.
I think so-called "crowdfunding" is being oversold. Many people seem to think it's going to mean a lot new investment money for U.S. startups. I don't think so. Not yet. Maybe never.
The key to gaining investors is the ability to convince them of your passion and drive to see the success of your one-of-a-kind business all the way through. Aside from that, though, there are some concrete things that look good on paper to investors that make them...
Last month, the Gender GEDI Index—the branch of Dell's Global Entrepreneurship and Development Index focused on opportunities for women—ranked the U.S. first out of 17 countries as a haven for female entrepreneurship. However, as even the U.S. scored only a 76 on a 100-point scale, it's clear that there are still challenges facing women entrepreneurs in this country.
SBA loans are one of the best financing resources for small businesses hoping to grow in the United States. Small businesses who might not otherwise qualify for traditional bank loans can benefit from the SBA's loan guarantee program. The SBA can help small businesses increase cash flow and take on new business.
For many young entrepreneurs with start-up businesses, one of the most difficult obstacles they encounter is raising money. Coming up with capital for your business may be relatively easy...
Every entrepreneur needs help and support along the way, from developing the initial idea, to selling off the successful business (exit strategy). The challenge is finding and using qualified affordable support organizations for each stage. Don't waste your resources on the wrong ones.
Crowdfunding can be an effective tool for accomplishing your startup goals. Whether you're looking to jumpstart your marketing efforts, expand your customer base, or reach out to friends and family for funding, crowdfunding provides a platform to rally support around you and your company.
Contrary to popular belief—and the old saying that too many cooks spoil the broth—crowdfunding cooperation is precisely what drives success, and it does this via 7.5 simple steps:
You can't create a realistic business plan without knowing how much it will cost to get your business up and running. If you don't have an idea of your startup costs, you won't know how long you'll have to bootstrap, how much funding you'll need, how quickly to scale. In other words, without calculating your startup costs, you don't really know where you're going—or how you're going to get there. And your company could fail before you even hit the break-even point.