A New Way to Support Each Other…

I’m a long-time entrepreneur.  In the past, I secured money for business ideas in traditional ways, either from friends and family or professional investors. While funding wasn’t easy, it was still possible, if you had a good-enough idea and were able to instill confidence in the investors.

Today, it’s very different, especially after 2008. Small business startups (particularly for women) are having difficulty in finding funding even for the best of idea. I find this odd, particularly since small businesses are the job engine for the U.S. economy. To make matters worse, commercial banks, for the most part, have decided they are not interested in small business at all.

In doing research for my radio program, I found an emerging environment that is helping thousands of people get the support they need that doesn’t require government subsidies or loans. Building upon the social networks and the Internet, people like you and I are making donations or loans and providing equity to help worthy business ideas get off the ground.

This new environment is called crowdfunding. I talked with experts on the evolution of this phenomena and entrepreneurs, who are providing funding portals and programs that help connect donors and investors with those who need funding. You can listen to these conversations by clicking on Business Matters Radio.

I also took a look at the potential impact of the Jobs Act of 2012, which was recently signed by the President. For the first time, it opens the potential funding to small business from people who are not “accredited investors”. We may be seeing the dawning of a new financial system that can truly democratize business financing.

Until tomorrow,

Thomas

Author: Thomas White

Over the past thirty-five years, Thomas White has created and led private and public organizations that initiated breakthroughs in areas as diverse as computer software, publishing, printing, market research, leadership development and organizational change. The common ingredients in his success are simple. He looked beyond the limitations that others believed and found real solutions to needs that business leaders have. He attracted the best talent to translate these innovative solutions into practical products and services that were of high value to customers. He created cultures where people love what they do, work at their best and produce extraordinary results. In addition to his role as a business leader, Thomas has been a pioneer and inventor of technologies in the computer-networking field. He is a patent holder for innovations in business process and workflow technology. As part of his passion for educating others about the interface of human and computer systems, he was the co-author of “New Tools for New Times, The Workflow Paradigm”. He has also written articles for numerous publications. In 2001, he turned his attention from leading companies to supporting leadership teams in creating organizations of excellence. After many years of being a part of the machine of change, Thomas recognized that business is the most powerful force in the world. It has a major impact on public policy and governments everywhere. It is a key influence on how we use our resources and sets an example of the values that shape communities from local to global. He formed the consulting firm of Profoundly Simple to be a guide for exemplary leaders - leaders who wisely uses the power they are entrusted with to serve their constituencies first and themselves second; leaders who know that it is good business to treat people with respect, honor the environment and act with impeccable integrity – leaders who inspire greatness in those around them and by doing so create great organizations that are notable examples of success. Feeling the itch to get back into the game again, Thomas joined with two long time friends, to start the C-Suite Network. This network of business leaders offers an online network, events, services, and insights to its 500,000 member community. In addition, the C-Suite Network produces and distributes television and radio content to an audience of over 5M per month

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