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Crowdfunding is seen as a possible new way to finance small businesses and start-ups. Others may...

Crowdfunding is seen as a possible new way to finance small businesses and start-ups. Others may argue that crowdfunding is only for very novel ideas and that the public is growing tired of crowdfunded failures as shown in 15 Biggest Crowdfunding Scams and Failures of All Time. Would crowdfunding be an option for your business? Why or why not?

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Answer #1

I will never keep crowdfunding as an option for my business because of the adverse results of crowdfunding. Crowdfunding is like collecting donations from family, friends, businesses, strangers etc for the funding of own business.

The success ration of the crowdfunding is very much low which will be demoralising for the business as there will be obsoletely high efforts needed for collecting the fund so if it get failed then it will be very much demoralising.

Crowdfunding involves the revealing of business idea at the initial stage of the and if till that time business is not patent or copyrighted then the business idea can be easily copied or steal by other person.

In my opinion Crowdfunding is not correct option for business.

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