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SMEs should consider crowdfunding platforms as their main alternative for business financing to reduce some pressure on their cashflow. Crowdfunding is highly regulated, and relatively cost-effective compared to other alternatives outside of the banking systems, government initiatives and grants.
Many business owners made the mistake of assuming crowdfunding is a Mickey-Mouse exercise. While it’s true that the average size for crowdfunding is around a hundred thousand, the amount that can be crowdfunded goes all the way five million Ringgit and more, so this is anything but child’s play.
Are you suitable for crowdfunding? Please take a few minutes to answer the questions below and find out for yourselves.
If you are running a Malaysian registered company and you said YES to the majority of the questions above then you might be suitable to use crowdfunding platform to raise some funds for your business.
Enjoy this little video I made with my son, and if you wish to learn more, please fill-up the form for me to reach out to you. Thanks for your time and stay safe!