CHICAGO ( MainStreet) -- Asking people for money is never easy, but it's a crucial step in building a business. In the current economic climate, with bank loans hard to come by, hitting up family and friends for cash is one of the few ways would-be entrepreneurs can get a company off the ground.What if there was another way? Creative thinkers in the nonprofit world have come up with a game-changing model for increasing donations: crowdfunding. Combining the far-reaching power of the Internet with an accessible, low-entry-cost attitude, crowdfunding sites have shown that a lot of small contributions can add up to a major impact.
|Crowdfunding sites have shown that a lot of small contributions can add up to a major impact.|