According to research, about 78% of small businesses fail within the first year of operation. In most cases, this failure is due to a lack of capital and market or poor cash flow management.
It’s vital to get adequate financing to fund business operations and pay employees when launching a business. While there are numerous capital sources, most of them require you to provide some form of collateral.
If your business operates on a recurring revenue model, you don’t have to worry about debt financing or getting collateral. With solutions such as Crowdz, it’s easy to trade your unpaid invoices and contracts for upfront capital.