Due to the rising costs of obtaining a college and post-graduate degree, entrepreneurs and business-minded individuals have started to suggest that younger people may be better off spending their education dollars on starting a new business. With the total cost of a four-year college degree (including tuition and lodging) sometimes surpassing $100,000, and a graduate program costing about the same, that amount of money could be an incredible launching pad to open a franchise or other start-up.
The need for creative ways to raise capital has become even more important these days. An anemic economy struggling to return to growth following the credit crisis has meant that credit is tight and that traditional avenues to raise funds, be it bank loans or government programs to fund small businesses, have limited resources. Lately, the entrepreneurial community has started clamoring for additional means to raise capital as an alternative to more traditional channels. Additionally, the recent crisis has sent unemployment skyrocketing. As a result, politicians are eager to find ways to create job growth.
To read the full, original article click on this link: How To Use Crowdfunding To Start Your Business
