A-level business finance: Crowdfunding
- Created by: Some drip
- Created on: 03-02-23 13:42
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- Crowdfunding
- Pro's
- Easier to obtain, as you get small amounts of money from a lot of people, so they may be more willing to give.
- An abundance of online platforms to use
- No extra charges
- Pitching a project or business through the online platform can be a valuable form of marketing and result in media attention.
- Con's
- Crowdfunding doesn't “find investors” for you
- is often full of scammers
- Crowdfunding can be expensive
- Providers
- Anyone
- Suitable businesses
- Any Start-up or new business
- Factors affecting choice
- How much funding is required? large amounts may be hard to get as it would require a lot of people
- The amount of time you have to find people
- How quickly the money is needed.
- Fundamentals
- What is it?
- The use of small amounts of capital from a large number of individuals to finance a new business venture.
- External source of finance
- It is a short term finance
- What is it?
- Pro's
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