Business must be past the idea stage
Fundraising takes time. Just how much time depends on your approach. Traditional fundraising methods, like applying for business loans or pitching to angel groups and venture capitalists, are still very effective ways to raise capital for your business if you have access to them, but the fact is most American entrepreneurs – including those who have completed their fundraising checklist – don’t. Even if you do, these methods can take upwards of six months to close and require a lot of legwork that’s just not necessary in today’s business world.
Whether raising money through equity crowdfunding or rewards-based crowdfunding, follow these three rules for crowdfunding your small business.
Crowdfunding has emerged as a revolutionary new way for entrepreneurs to raise money for their projects. No longer do you need high profile connections or a wealthy network of friends and family. Crowdfunding for business and entrepreneurship reached $6.7 billion last year for more than 40% of total crowdfunding volume, according to the 2015 Massolution Crowdfunding report.
We’re proud to announce two new additions to our portfolio of crowdfunding resources; the Profit Margin Calculator and Cash Flow Calculator. These calculators are designed to help entrepreneurs improve their business planning and fundraising efforts, and like our other crowdfunding tools and resources, they are free to use.
What Arkansas’ EquityNet lacks in scrappy appeal it seeks to make up for in experience and performance.
Of course, the 10-year-old company, based in Fayetteville, has an audience and purpose very different from Kickstarter or Indiegogo. While Kickstarter links donors seeking rewards in, say, cheese, EquityNet is an equity investing platform, linking startups to investors seeking a stake in the startup.
EquityNet is proud to announce its participation at the National Business Incubation Association’s (NBIA) 29th annual International Conference on Business Incubation from April 26-29 in Denver, Colorado. The event brought together over 600 incubation and entrepreneurial support professionals from all over the world to connect with others in their fields, learn new techniques, and explore new trends.