Blog

Crowdfunding made simple

The idea behind crowdfunding for businesses is simple. A person that has an idea for a particular business endeavor but is not able to raise money to set up the business on there, asks for assistance in the form of crowdfunding. That means that they are asking for financial assistance from people that know what the business is about and are willing to help in order to help the business flourish. That could be either because they believe that the business has a strong idea behind it and want to help that aspiring businessman or woman or because they simply want to help that person make their dreams come true, whether they believe in the idea or not.

Not every person that is thinking about starting their own business today will most likely think about going for a crowdfunding campaign in the beginning. With the economy being the way it is all around the world nowadays, aspiring business owners, especially young men and women, find themselves without financial stability. Therefore funding their own company is very difficult and at times even impossible.

If you are an aspiring business owner and you want to bring your idea to life but do not have the capital needed in order to start, then crowdfunding might be the best solution for you. And the truth is that there are so many different ways for you to get the funding you are looking for. So many different platforms created to be able to provide people like you with the ability to show your ideas to the world and ask for assistance in implementing your dreams.

However, the main reason as to why many people do not try out for crowdfunding is the fact that they do not know how to do it and worse of all they do not know how to handle the crowdfunding in case they do get it. Knowing where you stand legally and how to handle the money coming your way is difficult and can be rather overwhelming from time to time. What those people need is a good guide that will be able to explain to them all the details around crowdfunding, where they can find the best platforms to create a crowdfunding campaign and of course, how they can perfectly manage their campaign and the money they can get from it.

The Institute of Entrepreneurship Development was part of the consortium implementing the CRUCIAL Crowdfunding made simple EU project, among other things, at helping aspiring business owners get the funding they need in order to create their own SMEs.

During the implementation of the project, the Crowdfunding made simple training platform/website was developed as a tool to help young aspiring business owners learn how they can create a crowdfunding strategy and how they can manage the campaign as well as the money arriving from it in a way that will help them build their business in no time.

The IED, as an expert in the field of entrepreneurship, was able to create the right guides that will provide ‘’business dreamers’’ make their dreams a reality. IED is known for implementing and providing everyone with free access to so many different tools regarding businesses, startup, entrepreneurial endeavors, and so many more things.

If you want to know more about what the IED has managed to do for the society all these years, feel free to check out our website and see more of our achievements. Who knows, perhaps you might find something that will inspire you and help you develop your business the best way possible.


Eva Batzogianni
Content Manager