crowdsourcing – Business Plan Template

What is Crowdfunding?

Crowdfunding, which is also known as crowd financing or crowdsourcing, is a new finance-sourcing mechanism in which members of a network (usually an Internet network) pool their money to finance social or commercial ventures initiated by other people or companies. These ventures can be anything from making a movie to helping disaster victims to creating open source software to online journalism to start-up funding to making music.

Crowdsourcing finance has been made possible because of the social structure of the …

How Do You Get Crowdfunding for Your Business

As new businesses sprout up, crowdsourcing has become a popular way to get the financing to back projects. This recently popular finance option has taken the concept of many hands make light work and implements the concept with financing a new business. Instead of the traditional financing from banks, or finding an angel investor or capitalist to buy into a business concept, crowdfunding uses a “crowd” of people to fund the business. Each person dedicates a small amount of capital …

The New Way to Start and Manage a Business with Crowdsourcing

When you hear about crowdsourcing or crowdfunding, you automatically think of raising starting capital to finance the business. But do you realize that this method of community interaction has other applications as well? Like helping manage an existing business or getting consumer input on new products or ideas for new products? Read on, my friend, read on!

Yes, it is true that gathering finance partners or investors is an important aspect of a new startup. Everything costs money in a …