Since the JOBS Act was signed in April, businesses of all types are recognizing the power of Crowdfunding through Social Media and the Internet as an alternative source for raising capital (vs. trying to secure a bank loan, a venture capital firm or an angel investor). Hundreds of millions of dollars have been raised this year through online Crowdfunding, proving the effectiveness of this model for raising funds for new projects and business ideas. However, even with all of the buzz on Crowdfunding, there are still many small business owners who are unsure of how to effectively prepare their businesses for acceptance on crowdfunding platforms.
ProHatch, one of the leaders in promoting expertise and education to the emerging crowdfunding sector, has these important tips to share with entrepreneurs that will allow them to better prepare their projects for acceptance on leading crowdfunding platforms.
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