Browsing Tag

crowdfunding

79 posts
rewards-based or equity crowdfunding
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Rewards-Based or Equity Crowdfunding: Which is Best for My Business?

One of the most popular methods of fundraising for a startup is the use of crowdfunding platforms. With crowdfunding, people choose to make a donation through an approved funding platform to help raise money for a specific venture or project. If you're considering crowdfunding, it's important to have an understanding of the various models available...
crowdfunding
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Crowdfunding is on the Rise: Here’s What That Means for Entrepreneurs

It's fair to say that starting a business is bittersweet, especially in 2021. On one hand, it's exciting to realize your entrepreneurial dream, but on the other hand, common challenges like raising business capital can discourage entrepreneurs from progressing a business venture. However, even during the pandemic, new business applications were at an all-time high. By...
scaling
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Scaling Your Bootstrapped Business: 3 Tips for Lean Entrepreneurs

Like most entrepreneurs, you have likely spent hundreds of hours developing skills to build your business. By the time you start turning a profit, you’re likely to spend thousands of hours and dollars trying out different business models and seeing what works for you. Many entrepreneurs who start turning a profit think that the hardest...
creative financing
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7 Creative Financing Options for New Businesses and Startups

It takes money to make money. But financing isn't always easy — especially if you're the proud founder of a brand new business. Traditional banks and financial institutions set a high bar for borrowers. They want to see years in business, consistent revenue and excellent credit scores, and those are things that most new businesses...
female founders
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Female Founders, Get Funding Now with These 4 Alternatives to VC

In 2019, venture capital investment into U.S. startups nearly doubled from $88 billion to $144 billion. So, while it comes as no surprise that 2019 was also a record year for female founders securing these dollars, many would be shocked to learn this funding amounted to a mere 3.4% at its all-time high.  It would...
crowdfunding tips
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10 Tips on Running a Successful Crowdfunding Campaign for New Entrepreneurs

Over the past decade, crowdfunding has revolutionized the way startups generate capital and secure investment. In fact, in 2019, the global crowdfunding market reached a massive $13.93 billion, with this figure estimated to triple to $39 billion by 2026. It’s no surprise then that everyone wants to get in on the action, and today, there...
video marketing rewards-based crowdfunding
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How to Use Video Marketing to Boost Your Rewards-Based Crowdfunding Campaign

Showing and telling are both essential elements in any rewards-based crowdfunding campaign. Nevertheless, without the show, you’ll never get to the tell — let alone the sell. Crowdfunding is an excellent way for entrepreneurs to test the concept of their product or service and determine market need (or lack thereof). Rewards-based crowdfunding is a great way...
financing
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5 Financing Sources for New Businesses

Many new entrepreneurs start their businesses with funds from their own personal savings, or by getting friends and family to help them get off the ground. But that’s not an option for everyone. What do you do then? Your first inclination is probably to try to get a bank loan. But it can be very...
crowdfunding
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7 Crowdfunding Tips for Securing Funds During COVID-19

Crowdfunding is a challenging endeavor even in the best of times. Recent data indicates that from January 2014 to the present day, only 22.9 percent of crowdfunding projects met their funding goals. Combine this with the harsh economic and social realities of the COVID-19 pandemic, and it becomes clear how strong the headwinds are for...
alternative funding
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4 Alternative Funding Options for Your New Business

It's hard to secure funding from venture capitalists. There's a good reason for that: it should be hard. Raising venture capital for the wrong kind of business is a recipe for startup failure. The media, such as HBO's "Silicon Valley," and the general glorification of VC-backed startups have led many entrepreneurs to believe that venture capital is...
crowdfunding
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Should Crowdfunding Be Part of Your COVID-19 Cash Flow Strategy?

As the economic shutdown continues, businesses are looking for funding to stay afloat. Federally funded programs have dried up, and public health concerns seem likely to prolong the economic shutdown. Thus, it’s important to use every resource at your disposal to keep your business afloat and emerge stronger on the other side. One often neglected...
financing
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4 Types of Interim Financing While You Wait for SBA Assistance

Congress has passed the CARES Act, which includes more than $367 billion in loans for small business owners through Small Business Administration lending programs. These loans come in the form of: Economic Injury Disaster Loans of up to $2 million SBA 7(a) loans for 2.5 times the previous 12 month’s average monthly payroll (up to $10...
coronavirus
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11 Options if Your Small Business Can’t Pay its Bills Due to Coronavirus

Coronavirus is having a significant impact on many small businesses already and no one knows how long or how hard the economy will be affected. If you are having trouble paying your bills due to a slowdown in revenues or higher than usual expenses related to COVID-19, here are 11 options to consider. Keep in...
crowdfunding
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Small Business Crowdfunding: Best Crowdfunding Platforms in 2020

When you need funding to launch your startup or pilot an existing business through the next phase of growth, loans are an obvious choice. But if you want to go the nontraditional route and cast the net wider than business financing, you might consider crowdfunding instead. In a nutshell, this means raising capital to fund...