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One of the questions we get most often from BOI/CIWBC clients is "What is the best way to fund my idea?"  This is the age old question that has been the challenge of all entrepreneurs since time immemorial.  There are many options:  traditional bank funding, microloans, angel investors, venture capital, and "bootstrapping" your business through slow growth without debt.  In addition, crowdfunding has become an increasingly popular way to get the money you need to take your business to the next level.

The Jumpstart Our Business Startups Act (JOBS Act) was signed into law in 2012 and changed the rules regarding crowdfunding.  Crowdfunding is defined as "the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet."  Before the law was passed, investors had a long list of rules and regulations that they needed to adhere to in order to protect them from bad investments.  The JOBS Act loosened those regulations so that anyone can invest in the small business or idea that they believe in.

This recently published story from PBS NewsHour answers a lot of questions about crowdfunding.

 

In addition, this blog post from of the Huffington Post asks the important question "Will the JOBS Act Actually Create Any Jobs?" by outlining some of the potential risks of crowdfunding.

What this means to you, the entrepreneur, is this:  Do ALL your homework.  Look at all your options and explore your funding needs from all angles.  The old adage "if something is too good to be true, it probably is" tends to hit home more often than not.  You may be able to get started with less money than you anticipated.  Always seek the advice of someone who is not emotionally or financially invested in your business - like one of BOI's Business Coaches - to help you make these life/business altering decisions.

BOI has partnered with Barnes & Thornburg, LLP for a new series which will address legal issues facing business owners at any stage - nascent, start-up, growing, or mature.  Our first seminar of the series will address protecting your intellectual property, but how do you know if you have anything to protect?

Here is a great blog post to get you thinking about it.  As you read through the blog, don't just think about inventions and ideas, also think about recipes, processes, anything that makes your business unique and that would potentially be devestating if you did not protect it.

Answers to your questions about IP will be answered on September 27, 2013 from 8am-9am at Barnes & Thornburg's offices in downtown Indy.  To register, click here.

Marketing and the best way to let people know about your company, your dream, your vision for people of my generation has always been along more traditional lines.  Radio, television, print media, and good old fashioned word of mouth.  But for generation X and generation Y, and all the generations to come, traditional marketing is going the way of horse and buggy.  Word of mouth has now become "world of mouth" as noted in this video by Erik Qualman.



For all those naysayers who can't see ROI in Social Media, it is time to take another look.  If you don't, your business will cease to attract new customers and loyal customers could be lost.  

From The BlogView All

One of the questions we get most often from BOI/CIWBC clients is "What is the best way to fund my idea?"  This is the age old question that has been the challenge of all entrepreneurs since time immemorial.  There are many options:  traditional bank funding, microloans, angel investors, venture capital, and "bootstrapping" your business through slow growth without debt.  In addition, crowdfunding has become an increasingly popular way to get the money you need to take your business to the next level.

The Jumpstart Our Business Startups Act (JOBS Act) was signed into law in 2012 and changed the rules regarding crowdfunding.  Crowdfunding is defined as "the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet."  Before the law was passed, investors had a long list of rules and regulations that they needed to adhere to in order to protect them from bad investments.  The JOBS Act loosened those regulations so that anyone can invest in the small business or idea that they believe in.

This recently published story from PBS NewsHour answers a lot of questions about crowdfunding.

 

In addition, this blog post from of the Huffington Post asks the important question "Will the JOBS Act Actually Create Any Jobs?" by outlining some of the potential risks of crowdfunding.

What this means to you, the entrepreneur, is this:  Do ALL your homework.  Look at all your options and explore your funding needs from all angles.  The old adage "if something is too good to be true, it probably is" tends to hit home more often than not.  You may be able to get started with less money than you anticipated.  Always seek the advice of someone who is not emotionally or financially invested in your business - like one of BOI's Business Coaches - to help you make these life/business altering decisions.

BOI has partnered with Barnes & Thornburg, LLP for a new series which will address legal issues facing business owners at any stage - nascent, start-up, growing, or mature.  Our first seminar of the series will address protecting your intellectual property, but how do you know if you have anything to protect?

Here is a great blog post to get you thinking about it.  As you read through the blog, don't just think about inventions and ideas, also think about recipes, processes, anything that makes your business unique and that would potentially be devestating if you did not protect it.

Answers to your questions about IP will be answered on September 27, 2013 from 8am-9am at Barnes & Thornburg's offices in downtown Indy.  To register, click here.

Marketing and the best way to let people know about your company, your dream, your vision for people of my generation has always been along more traditional lines.  Radio, television, print media, and good old fashioned word of mouth.  But for generation X and generation Y, and all the generations to come, traditional marketing is going the way of horse and buggy.  Word of mouth has now become "world of mouth" as noted in this video by Erik Qualman.



For all those naysayers who can't see ROI in Social Media, it is time to take another look.  If you don't, your business will cease to attract new customers and loyal customers could be lost.  

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