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CROWD FUNDING – AN ALTERNATE FUNDING OPTION

With funding pressure still plaguing start-up entrepreneurs, an interesting trend has been highlighted by Entrepreneur magazine (www.entrepreneurmag.co.za).  The original concept, called crowdsourcing allows entrepreneurs and artists to find donors to support their projects through social networking.  Crowdfunding sites like ProFounder.com, kickstarter.com, Peerbackers.com and IndieGoGo.com are some of the sites who have had success in launching projects through donations. Although in its current format funding received through crowdfunding isn’t paid back and has benefited projects that break convention, some believe that there is no reason why this trend could not develop into a alternate funding source for start-out businesses.

 
Links
FNB RESEARCH SHOWS FRANCHISING IS THE BUSINESS OF CHOICE
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CROWD FUNDING – AN ALTERNATE FUNDING OPTION
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FASA MEMBER HOSTED IN BRAZIL
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SPOTLIGHT ON THE CONSUMER PROTECTION ACT
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SPOTLIGHT ON THE COMPANIES ACT Approval for Directors’ remuneration
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