In this year’s election, of the key issues that we have and will continue to hear about, are how small business owners and entrepreneurs will be supported and empowered as the world economy moves continues to recover. Fortunately for us entrepreneurs, movements have already been made, as many of you may know.
To show their support of the “backbone of the economy,” President Obama and Congress passed the Jumpstart Our Business Startups (JOBS) Act in April 2012. Ultimately, this act allows businesses to raise capital from individual investors – otherwise known as crowdfunding.
This presents a major shift in empowering entrepreneurs to raise capital from individuals to help them launch their product and pursue building a business that beforehand was much more difficult in raising the money. With this act and crowdfunding platforms such as Kickstarter, Indie Go-Go, and Fundable, entrepreneurs and idealists have been able to build community in the early stages of their business and build public support that was previously unobtainable until after launch.
This opportunity is something that all entrepreneurs should understand and weigh when starting up… To help understand the JOBS Act and its effect on crowdfunding, check out the infographic below by Fundable and EarnMBA Degree.
Harrison Kratz is the Community Manager at MBA@UNC, the new online program that allows students to receive an aacsb online mba degree from the University of North Carolina. Harrison also sticks to his entrepreneurial roots as the founder of the global social good campaign, Tweet Drive, which has collected over 6,000 toys since they launched in 2010. You can connect with Harrison on Twitter, @KratzPR.