Inspiring and Practical Tips from Entrepreneur
At truCrowd we are always looking to inspire and motivate entrepreneurs. Inspiration can come from many sources, but advice from legends in your field will always do the trick. There are so many remarkable success stories out there and each one stars a person with a dream, a will to succeed and the perseverance to see it through.
We have written several blogs in the past on this topic, including entrepreneur advice from billionaires, and feel it’s time for another round of inspiration. The following quotes from Inc.com, Entrepreneur and Forbes were not originally spoken with equity crowdfunding in mind but we found a way to aptly tie the two together. This list of billionaires started with an idea and a plan just like you. Now we will see how their general wisdom can tie into equity crowdfunding.
Please enjoy the following famous entrepreneur quotes that apply to equity crowdfunding:
“If you’ve got an idea, start today. There’s no better time than now to get going. That doesn’t mean quit your job and jump into your idea 100 percent from day one, but there’s always small progress that can be made to start the movement.” Kevin Systrom, co-founder of Instagram
You can’t succeed if you sit on your hands. This is your dream, your idea and no one is going to get the ball rolling for you. If you were turned away or thought you could never raise the capital you need, those days are over. Our truCrowd Texas capital portal is open and you can create your offering right now! Don’t wait for something to happen – make it happen! Contact a truCrowd Texas representative if you need any assistance with opening an account.
Equity crowdfunding is new for everyone, so don’t feel like you “can’t do it” or “it’s too complicated.” Texas intrastate crowdfunding is an amazing opportunity for small businesses to raise the capital they need without having to seek out venture capitalists. Utilizing all that equity crowdfunding has to offer can certainly become your greatest asset because you will now understand how to get the $10,000 – $1,000,000 you need on your own. All you need to do is execute a proper equity offering.
Richard Branson has provided dozens of remarkable quotes throughout the years, and this one absolutely applies to equity crowdfunding. When you are writing your campaign content, be sure to explain your product/company in the simplest terms. You want all potential investors to fully understand and say, “Wow, this is a great opportunity! Where do I pledge?” The last thing you want to do is confuse people. Keep it simple and straightforward and watch your funding shoot to 100%.
Keeping it simple is Step 1 of your campaign content. Step 2 is predicting what questions investors will have and answering them ahead of time. What people “expect” is a description, business plan, financial analysis and maybe a short Q&A. Don’t do that. This is the perfect time to overshare and anticipate investor’s needs before they become a thought in their head. You know your product/company front to back. Offer as much information as possible and exceed the investor’s expectations.
Raising capital is obviously the #1 reason to use Texas intrastate crowdfunding, but you will get a ton of priceless feedback as well. On the truCrowd Texas portal we offer a news feed, internal email and live chat to communicate with investors. This will provide you with honest opinions on your product/company and give insight on what people don’t like. There is truly no other way to get this type of genuine feedback on a massive scale. Don’t take their words as attacks against you – use their insight to make your company/product even better.
We hope you enjoyed this chapter of entrepreneur quotes and look out for more in the future.
Thank you for reading and please leave your questions and comments below!