Do you really believe in crowdfunding as a source of business capital?

[Stardom22]

Although crowdfunding is one of the sources for the business capital, l personal don't prefer it as means for a business capital for that matter. What do you think?

 

[gwolf666]

I understand your point, love. Crowdfunding can be a good option for some, but it also has its drawbacks, such as the lack of full control over capital or the pressure to meet external expectations. However, for certain types of businesses, especially innovative or niche ones, it can be a quick way to raise funds without going into debt. In the end, it depends a lot on the type of business and whether you prefer to maintain control or are willing to share some ownership to fund growth.

 

[Nomad]

Crowdfunding is a reliable source of business capital. All the businesses that are being publicly traded on stock exchange build funds through crowd sourcing.

 

[Augusta]

Yes, if you see lucky you can make money this way. It is for you to get a reliable site to work with.

 

[Trush Jodie]

Crowd funding mainly works for startups from tier 1 countries. You hardly see it work for countries in lower tiers. High poverty rate doesn't allow that.

 

[Stardom22]

Crowdfunding activities in my region hardly works out here. I have seen so many crowdfunding activities mainly done to raise funds for hospital bills, burial expenses among other social activities for that matter.

 

[Augusta]

Yes, if you are in tier 1 countries then you are in a better spot to get your capital through this means

 

[Springtime]

Crowdfunding is in fact a way to raise capital for business. But to make crowdfunding successful, your business idea must be appealing.

 

[Suba]

In my country, crowdfunding requires a permit from a government agency. Furthermore, I think crowdfunding has several disadvantages, such as the uncertainty of raising funds according to the target, the business idea we're campaigning for, the potential for theft, and so on.

 

[Augusta]

Yes, though it is never easy but it does work. If you can pull through with the method you can get your capital to start

 

[BeeRoyal13]

Although crowdfunding is one of the sources for the business capital, l personal don't prefer it as means for a business capital for that matter. What do you think?

I agree when i observe these crowdfunding sites i see more personal inquiries than business funding probably small businesses because crowdfunding is different than organizations that gives out loans.

 

[King Belieal]

I don't believe in crowd funding for business startup. Not that I don't believe that it exists. I just can't put much hope to get crowd funded.

 

[BeeRoyal13]

Crowdfunding is for personal things I don't see it for big business funding it might take a long time because you need to promote your story in order to get funding.

 

[Augusta]

Yes, it is a better of choice and luck. You can still.get funding for your business. You just have to first try it out

 

[BeeRoyal13]

It's a win loose situation some stories get successful in getting the funds quicker than others

 

[kit_hung]

Crowdfunding is in fact a way to raise capital for business. But to make crowdfunding successful, your business idea must be appealing.

You made a very important point! Crowdfunding is a great way to raise capital, especially for a new or unique idea.

But to get people’s attention, your idea must have real appeal—it must be inspiring, understandable, and seen as valuable.

 

[BeeRoyal13]

For people to fund your business i think you must give out more information about your project be able to promote your it through socials or potential funders it takes a bit of time though.

 

[eLdavis]

Yes crowdfunding is a great way to gather funds for your business but it's not that easy to find people who are willing to gather money.

 

[BeeRoyal13]

You're right it's not easy in order to accumulate funds quickly you have promote your project to different platforms it's even worse if you want more money.

 

[Augusta]

Yes you can be fortunate enough to have a sire that favors you and you would get money for your business through crowdfunding