Grow A Small Business Podcast QFF Founder of GASB and an expert in crowdfunding; now helping small-medium business owners chase their dreams by teaching them how to raise money for their business ventures. (Troy Trewin)
In this week's Quick Fire Friday episode, Rob interviews Troy Trewin, based in Hobart, Tasmania. Troy is the founder of Grow A Small Business. His current mission is he sits on a handful of boards of directors of different companies, helping them get established; growing their small businesses into something bigger by teaching them the ways to generate funding through coaching.
There are different ways to generate working capital for a business venture. A few examples are Venture Capital, Grants, and Crowdfunding. Among the three, the latter has gained significant traction in recent years, because crowdfunding has enabled businesses to raise hundreds of thousands or millions of dollars from anyone with money to invest; a prime example would be Zero Co, in which they managed to raise $5 million in six hours and 27 minutes.
Troy helps small-medium business owners who choose to go down this path, by working on the pros and cons, the dos and don'ts, and the overall plan of the crowdfunding campaign to make sure it is a success.
This Cast Covers:
- Raising working capital for a business venture through crowdfunding.
- Experience that Troy has in the field of crowdfunding.
- How crowdfunding works and the various forms it can take.
- Cases of effective crowdfunding campaigns.
- Steps a small-medium business owner should take before crowdfunding.
- Positive aspects of crowdfunding campaigns.
- The drawbacks of crowdfunding campaigns.
- Considerations for small-medium business owners before using crowdfunding for growth.
Links:
Additional Resources:
Quotes:
"There are two ways you can crowdfund, pre-sales and equity crowdfunding." — Troy Trewin.
"You shouldn't be desperate, you need to plan it out." — Troy Trewin.