Advice for small businesses considering crowdfunding [Video]

Have you been planning to start your own business or launch an innovative new product or service?

Starting a business usually requires some type of up front investment. Traditionally, you would need to use your own personal savings, request a business loan from the bank, or find people willing to invest in your idea.

In today’s economy, though, crowdfunding is becoming an increasingly popular alternative. Below, I’ll explain a bit more about how crowdfunding works and why more startups are turning to it.

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What is crowdfunding?

Crowdfunding is an innovative financing approach where individuals or businesses raise funds for a project or venture from a large number of people, typically via the internet. This model democratizes funding by allowing anyone to contribute financially to the …