Pages Menu
Categories Menu

Posted by on Mar 28, 2017 in Buisness, Money |

Starting Up a Business Using Crowd funding

In this digital era, starting up a new business is just getting easier. When you feel like you have a brilliant idea, sometimes you get stuck because you do not own enough money to actually turn that idea into a new small business. But, things get a lot simpler now. I introduce you to crowd funding.

What is Crowd funding?

Crowd funding starts arising perhaps since about 4-5 years ago. Crowd funding is a new way to fund your business by asking for people’s supports. By starting a crowd funding project, basically, you are asking supports from all the people and collecting money from them.

Maybe it feels weird for you: how could you ask people you barely know to pay some money and help you fund your business? That is the unique part of crowd funding. Yes, you will be campaigning to all people about your interesting business idea, so when people feel like they are interested in your business, they will pay you a small amount of money and they will get something from your business as a return. They may get a souvenir or they may get their name listed as a credit, it is all up to you.

The more people support your business idea, the more money you get. An average small business usually raises up to $7,000 using crowd funding. This amount of money can be collected at an average of 9 weeks period.

Crowd funding Platform

Now, to start your crowd funding project, you have to register your business idea to a crowd funding platform. Most crowd funding platforms are online, so it is easier to you to campaign for your business idea. There are more than 2,000 crowd funding sites right now and they are all available online. After your business idea accepted, you can start campaigning for it through social medias. The more people involved, the easier for you to actually start your business.

Read More

Posted by on Mar 28, 2017 in Buisness, Money |

Why Starting A Business Needs Money?

Although it may sound hurtful, I must tell you the truth: there is no way you can start your own business without any money. Yes, the fact is, a business will surely need money to start off. There will be some money needed in the first place. Of course, there is no certain amount of money that you have to provide in order to have your own business started. It will vary greatly and dynamically according to the type of your business.

But, in this article, I will explain why money is needed to start a new business. Although it may sound obvious, let’s check some of the items that need to be paid and afforded before you start owning a business. Perhaps there are items in the list below that you do not know you need to start your business beforehand.

Licenses and Permissions

This is the first and foremost thing you have to be reminded with. Check local regulations about starting up a business. Get informed about how your soon-to-be business should follow according to tax regulations and such. Do not get too busy preparing things for your business but, in the meantime, local government has to stop your business because it violates some of the regulations.

Supplies, Equipment, and Other Assets

Check if you need any specialized types of equipment. You do not have to purchase all these equipment, if you already have some that are still good, you’re free to use them. Your business will surely need some space for you to work, so rent a place or re-organize your home (if you want to have a house-based business). Look for suppliers to supply you with necessary supplies.

Employees

You will not be able to run your business by your own. You will need some people to work with. Hire employees to help you with your errands and business.

Read More