An urgent call for caution in the risky realm of crowdfunding. A clear warning should be given to startups; plan ahead. Many crowdfunded companies fail in very short timespans due to simple failure to plan ahead and take the steps necessary to assure the longevity of their product or service and the business that creates it. Without crucial steps such as research, testing, marketing, or even simple logistics accounted for, many newly born companies die just as quickly, with only one quickly forgotten product and many disappointed investors to their name.
- In your business take your time before funding the so called”idea”.
- In your business don’t be an example to other businesses for jumping in to fast on an idea.
- Be proud of your business for allowing time to be better than the next.
“don’t be a cautionary tale for others, instead start your business on the right foot and be patient before funding an “idea”.”