Is crowdfunding a good idea for SMEs in Scotland?
Online crowdfunding can be quite tricky, but in my opinion, it can be a good approach for SMS to raise funds. In terms of setting specific project goals and attaining those goals, online crowdfunding has proven to be incredibly effective in the past.
So many companies in the country have made successful product launches thanks to online crowdfunding. A great deal of the asset finance Scotland for my business was due to crowdfunding. One thing I would say, though, is that even though it can be effective, there are still a lot of external factors that can influence just how sustainable it is.
Certain ideas and products are just more suitable for online crowdfunding than others. If you find a product that fulfills the requirements, then online crowdfunding can be a really good way to engage with customers and increase publicity at the same time.
In case you’d like to learn more, the following resource has more information on the subject: https://breadalbanefinance.co.uk/services/asset-finance/asset-finance-scotland/
