When President Obama signed in to law the Jumpstart Our Startups, or JOBS Act as it is better known, business startups all over the country become instantly excited. Finally, there would be a new funding source that allowed new businesses to find the funding they needed without having to rely on banks or venture capital […]
When starting a new business startup, what is more important than passion, a great business plan, a strong work ethic, and a lot hype? Money! You can’t start a business without money and for many businesses, you’ll need more money than you have right now.
Finding funding for your business startup just got a lot easier. Congress recently passed the JOBS Act that allows small businesses to secure up to $1 million in capital using crowdfunding but is it right for your business? Some experts say to be careful when entering this relatively new and unknown territory.
If you ask any entrepreneur, they will tell you that the biggest barrier to living their dream is the funding needed to get their business off the ground. It doesn’t matter if you’re a first-time entrepreneur or somebody who has started numerous businesses in the past, the problems are the same.
The lending markets still aren’t proving to be a reliable source of funding for small businesses and business startups and because of the size or lack of a formal structure, the capital or investment markets have been virtually off limits to businesses looking for startup funds.