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Is fear preventing you from starting a project or business.
Is uncertainty holding you back?
Are you afraid that you won't succeed?
Do you worry that no one will like your idea?
Well your not alone.
Here are 10 great benefits that crowdfunding offers an entrepreneur.
New sources of finance such as crowdfunding could challenge the dominance of major banks, according to a Bank of England senior director.
For all new to crowdfunding here is a basic definition of crowdfunding:
Crowdfunding?
As originally coined by Michael Sullivan crowd funding -pp. “inspired by crowdsourcing, describes the collective cooperation, attention and trust by people who network and pool their money together, usually via the Internet, in order to support efforts initiated by other people or organizations. Crowdfunding occurs for any variety of purposes, from disaster relief to citizen journalism to artists seeking support from fans, to political campaigns. ”
Wikipedia is a great example of crowdfunding at its best. Previously Wikipedia raised over $6.2us million in donations, ranging from $1 to thousands at a time. This incredible funding model can not only assist large companies like Wikipedia however there are limitless opportunities for entrepreneurs, startups, sporting athletes, individuals and companies alike!
Source: crowdfunding.info/
