Earlier this year, the Federal Trade Commission settled charges of deception against a person who raised $122,000 on Kickstarter to produce a board game. He canceled the project and never refunded the money as promised. The lesson for entrepreneurs: crowdfunding is not an easy way to raise cash; be prepared to do the legwork and follow through if you pursue funds in through this venue.
Remember, you’ll find more new posts on my blog each week. Stay current with important updates, practical help, and essential information to assist you in your small business today!
