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


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