Crowdfunding steps:

Present Your Idea
  • What is the idea?
  • What is the market?
  • Why do you think people will invest?
  • What are your goals?
  • What is your general approach?
  • Create Plan
  • Define your strategy.
  • Define how you will achieve your goals.
  • Define business or project structure.
  • Review financial model and estimate how much funding (capital) you need to start operations.
  • Get License and Capital Funding
  • Decide on appropriate type of business license. This can be a LLC, S-Corp, a Corp. There are advantages and disadvantages to each. Defining your strategy will guide you to the best option.
  • Apply for license
  • Decide on how you will fund your business or project. (Crowdfunding, Angel Investors, or Small Business Loan)
  • Apply for funding
  • Start Operations
  • Execute your plan and continuously evaluate your game plan.
  • In any of these steps it requires re-evaluation and planning. You should constantly be adapting your strategy to the dynamic marketplaces.