Friday, May 25, 2012

Croudfund your Business



Eurozone crises, UK double dip recession and

•According to the U.S. Census Bureau, there are more women working than men.
•20.1 million women have bachelor’s degrees vs. 18.7 million men
•Unemployment for men: 9.3% compared to 7.6% for women.
•78% of the layoffs in recent years were men.
•More married women have unemployed husbands than ever before, a record 21%.
•Stay-at-home dads have doubled in recent years, making 1 out of 5 stay-at-home parents a father.

Not a pleasent reading for the Men and not a homerun for the Women

The Right Management ran a onnline survey between April 16 and May 15. Only 19% said they were satisfied with their jobs, 44% said they were “unsatisfied.” nearly two-thirds of respondents, said they were not happy at work.

Need I say more, it is time to put our destiny in our own hands and run a business. The same economic fate befalls us all; male and female, young and old.

It is now cool for an MBA graduates to say I am working on a start up business as corporate life seemed to offer neither more safety nor more status among peers.

Funding and cashflow is often a major obstacle for startup businesses, the traditional sources of loans for early stage start-ups have largely dried up. Crowdfunding is starting to become a substantial source of much-needed capital. Crowdfunding will increasingly play a critical role in the entrepreneurial ecosystem — with or without the participation of the more established investment vehicles

You can review the industry data on crowdfunding at www.crowdsourcing.org.

The April 2012 report estimates that 452 crowdfunding platforms (CFPs) raised nearly $1.5 billion in 2011, and the funding volume is on track to double to $2.8 billion in 2012.

Digital goods like softwares, games, films, and literature are the start-ups that can quickly attract these funds. More than 80% of campaigns in this category have raised over $25,000

Also

Check out Pinterest; the site is still evolving but It has already recorded over 10 million online users.
Next time you are on facebook please click on some of the adverts, facebook needs all the friends clicking to stay profitable.

Entrepreneurial ventures are still high risk but it is a risk we can accept as business ownership offer the best way to tackle economic and social problems. We still need talented graduates to reinvent our ailing enterprises as much as we need gifted entrepreneurs to build new ones.

See you on Forbes Rich List