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From course:

the sources and uses of finance igcse business L14 M3

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Question:

Disadvantages to crowdfunding ?

Author: Dakota howells



Answer:

A business with a unique idea may not with to share it on the internet. It is best to be protected by intellectual property laws including trademarks and patents first, if necessary. Uninspiring or complex pitches are more likely to struggle to attract funding. It can take time to promote the pitch and reach a wide audience — time is money for a business and a sole trader may find it hard to achieve awareness needed to meet their capital target.


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