on 24-01-2018 11:43 AM
To get my business on its feet following my release from prison at the back-end of last year, I'm posting a cheeky link to my crowdfunding pitch. Any pledge will really help me get the business onto its feet, start to generate income and re-invest into the economy.
Please take a moment to look and share if you can:
Really appreciate your time.
on 02-02-2018 12:45 AM
Its cool to see you are trying out diferent meathods for raising funds.
Crowd funding is a tough choice! and needs a lot of planning and effort to make it work for you.
For your crowd funding campaign to have any chance of being successful, it will take a huge amount of effort, upto 40 hours a week! You would have also needed to put a lot of effort into planning.
It is quite a big subject, feel free to get in touch if you need more info, but here is a list of the things you need to consider and prepare before starting your campeign.
You will need an over all strategy and crowed funding platforming choice.
Choose your platform wisely, taking note of the fineprint!
I see this time you have chosen to try the reward route. I can understand why you have chosen that route, however, you are narrowing your market down a lot by only targeting businesses who think they might need a website, or marketing services in the future should you succeed.
You may find more success in equity crowed funding, where anybody can invest any value towards the business.
If you would like to pursue this meathod, here is a short list of some of the considerations you will need to make.
You will need to produce a Confidential Information Memorandum (CIM) This will include:
- Business Plan
- Market Size
- Market share
And so on…
You will also need to produce:
- Financial model that details business performance
- A detailed breakdown on how you intend to spend the money
- A justifiable valuation for your company
- A video that hooks potential investors
- Promotion strategy to get the word out to potential investors
- And legal review of various documents
Having said all of this, if you get in touch, there are schemes available which offer £5000 which do not effect or rely on your credit score. I would advise you pursue that route over crowd funding because you won't need to give away services or equity in your business.
on 02-02-2018 09:49 AM
I now have another potential investor on the cards who I'm close to working out the final details with.
Also (finally!) getting some grant money from my local council, which is a massive help.
Thanks again. May well need to come back to the Start-Up Loans in due course.