Know these five details before entering any fundraising pitch, especially if you are a social entrepreneur.
At Roozt.com, an online marketplace for brands that give back, we engage with and analyze thousands of social impact businesses every year. This provides our team with a unique macro-perspective about what pains, issues, and problems there are in our industry at any given point in time. Hands down, the largest recurring pain we hear about from social entrepreneurs is: raising money.
We started Roozt with $500, a dream, and determination to succeed. So whoever tells you that you need a lot of money to start a company is wrong. Just get going with what you have and do one thing everyday that makes progress towards your goal. At some point you may realize you need more money and fundraising is an option.
There is no perfect formula for fundraising, but the following lessons are items I’ve learned from my first hand experience in raising money as a social entrepreneur. There are five things a social entrepreneur must know before starting their fundraising.
…to read this article in full, visit leading US small business resource, Inc.