Raising Venture Capital: The Strongest Skill of an Entrepreneur

Traditional and Alternative Approaches to Raising Venture Capital

If you are an entrepreneur or you?re planning to be one, then you must know that raising venture capital is the starting point of any business. Without financial backing, entrepreneurs cannot possibly establish, market, and maintain a successful business. In this article, we will discuss traditional approaches to raising venture capital. And later, we will take a closer look at one alternative approach to raising venture capital that has recently grabbed the attention of a growing number of budding entrepreneurs.

World renowned financial guru, Robert Kiyosaki, informs his followers of how important raising venture capital is to starting a business. Kiyosaki believes that raising venture capital is the number one skill of an entrepreneur. Maybe twenty years ago, raising venture capital meant saving, borrowing, or applying for a loan at a bank to start a business. It would take years, possibly a decade or more before the majority of business owners, with meager ends, would see a fully-functional and independently-thriving business. The advent of technology has changed this reality forever. Not only are kids in high-school or even middle-school starting businesses, blogs, and online start -ups, they also use and need very little money to do it. Social networking media has made making you and whatever you want to sell and market known to millions easy, fast, and convenient. But what about those entrepreneurs who aren?t conducting business for kicks? What of those many hard-working entrepreneurs whose businesses provide their only source of income? Shouldn?t their approaches to raising venture capital be more extensive? Besides, the smartest entrepreneur?s goal is to not have a business that relies on venture capital, but a business that can independently and consistently generate money on its own.

Crowdfunding ? An Alternative Approach to Raising Venture Capital

Crowdfunding might sound like an unfamiliar approach to raising venture capital, but it?s an approach that has been around for ages, most often used in the nonprofit sector. Fundraising, which usually involves large numbers of people donating small amounts of money to support an individual, group, charity, or cause, is a common example of crowdfunding. The same approach can be used to support a struggling business or budding entrepreneur. And in the private sector, crowdfunding platforms, which are typically hosted online, allow entrepreneurs to pitch their businesses on the Internet and attract enough people (a crowd of supporters) to their businesses. In exchange for providing capital and their financial support, funders receive rewards determined by the entrepreneurs. The first step for the entrepreneur seeking funding is to find and choose a well-established host site that supports entrepreneurs seeking funding using this approach.

Much research is required, but is well worth it to employ multiple approaches to raising venture capital. Opportunities are endless and there are certainly lots of people who are willing to invest in an entrepreneur with long-ranging plans and a business structure that will work for many years to come. Crowdfunding might be an option to get budding entrepreneurs on their way to success.

Crowdcusp
4555 MacArthur Blvd. Suite G4 NW
Washington, DC 20007
(202)207.5939
http://www.crowdcusp.com

Source: http://www.4go.us/2012/09/raising-venture-capital-the-strongest-skill-of-an-entrepreneur/

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