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Small Businesses need both advice and representation, that is exactly what the NFIB does. The National Federation of Independent Business (NFIB) is the voice of small business in America. The NFIB website is an incredible resource for small business owners, as the organization has grown, they have been more and more effective in representing the needs of the small businesses in America. This includes an incredible amount of information on small business loans, financing and they will be offering advise on CrowdFunding compliance when the SEC completes the rules as required by the JOBS Act of 2012 that will be put in place regarding equity crowdfunding.
The NFIB “members connect” program is a resource that is worth its’ weight in gold. The “ask and answer” members section alone is more than worth the subscription rate. The businesses involved in crowdfunding will need additional representation and we believe that the NFIB can take the lead in these efforts. Visit the NFIB site today and consider becoming a member. The experience and knowledge they offer to small business owners might make all the difference between success and failure, particularly in your efforts to raise capital via a crowdfunding site.
Why have we listed to NFIB in the Marketing Services category of our crowd funding review site, glad you asked.
Another part of membership to the site is the membership directory, you can be assured that a listing in the membership directory will be an incredibly powerful marketing tool for the promotion of your small business.
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NFIB is a valuable resource for small business owners. Their website design is a bit busy, but they’ve managed to cram a large amount of information into the site, enough information for any small business owner and crowdfunding participant. The fee is affordable and reasonable for a small business. This is a site that is highly recommended for all small businesses.
In regards to how Crowdfunding Offerings will weed out fduuralent or hopeless business ventures from the platform, there are actually several things built into this process not the least of which is the “wisdom of the crowd.” In this type of intermediary platform, it is not one investor trying to gauge the quality of an investment she is considering. Investors will be able to watch a particular offering for activity by others who may have more knowledge in the field. The higher quality, lower risk, better documented offerings will gain support from the “crowd” and give the investor confidence in the offering. Second, all indications are that investments will be very limited. The House bill contains a $500 maximum; the Senate bill has a $100 maximum. So nobody will lose his shirt. Third, all investment monies are held in escrow by an insured custodian, like a bank, until the funding goal has been reached. If the target amount is not reached in the prescribed time frame, the money is returned to the investors. Lastly, the law and regulations require that intermediaries perform background checks on all the principals in the company. So while there is risk of loss in this type of investment (like in most others), there are guidelines from the regulators, due diligence by the intermediaries, and small maximum investment amounts.
I’ve gotten truly solid and usuable advice so far from them and I plan to continue to use them.