A New Hope for Young Entrepreneurs
So, you yearn to break free of the conventional 9-5 routine and start your own business. Maybe you’ve brewed up a new venture destined to be the next Facebook or retail mega-marvel. There’s only one problem – your businesses needs bucks. And plenty of them. Unfortunately, most young people on the hunt for startup capital will have an easier time downing Darth Vader with a paper airplane than persuading a bank or other resource to channel needed greenbacks their way. To make matters worse, the vast majority of young adults have scant if any collateral to provide the safety net lenders and investors require. Well, you can stop all that frustrated teeth gnashing. There’s a new hope for all you young entrepreneurs.
Essentially, ‘crowdfunding’ takes the idea of distribution of wealth and applies it to startup businesses. The goal here is for would-be entrepreneurs to request small amounts of funding from a wide range of resources. Very wisely, this marvelous option plays off the idea that it’s safer to gamble a little than a lot. For you future moguls, this excellent article really puts the topic in the spotlight and points the way to several noted crowdfunding resources.
What do you think of the ‘crowdfunding’ concept? Are any of you budding entrepreneurs considering this option? We’d love to hear from you, so feel free to fire off your comments below. And, of course, if you have any questions or thoughts about choosing a career, we’ll be delighted to help.
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