The problem is well known within the small business community. Although Washington might say that the environment is better for business startups looking to open their doors for the first time, the reality is much different. Funding sources are hard to find and without capital, businesses in the beginning phases of development find it difficult to move past the idea stages.
There’s a new type of funding perfect for small businesses but under current laws, this funding option is illegal. Crowdfunding works like this: If you were opening up a new coffee shop but didn’t have all of the money needed, you could go to one of the many crowdfunding sites online, place your business plan for all to see, and ask for a certain amount of capital.
To read the full, original article click on this link: Is Crowdfunding the Startup Funding Source of the Future?
