Podcasts about crowd sourced funding equity raising

Crowd Sourced Funding Equity Raising might be able to help your business. For the last twelve months private companies have been able to utilise the Crowd Sourced Funding Equity Raising sections within the Corporations Act to raise up to $5 million every twelve months from the public. By 31 October 2019, 55 companies had taken advantage of the amendments to the Corporations Act to raise $39.9 million shareholders capital direct from the public. Read full article: https://esssmallbusiness.com.au/index.php?option=com_zoo&task=item&item_id=249&Itemid=639

This is something to celebrate because the biggest change in financing arrangements for small businesses and medium-sized enterprises – private companies turned one on 19 October 2019. Crowd Sourced Funding Equity Raising could be of significant benefit for your company, if you meet the basic eligibility requirements: group turnover under $25 million annually group asset value under $25 million not registered on a Stock Exchange anywhere in the world Do you want to grow your business? Have you got a good business? Do you have a vision – energy – enthusiasm? If your business meets these characteristics, you could be able to raise up to $5 million in a 12 month period from the public... View The Full Article Here

Yes, 19 October 2019 was the first anniversary of the commencement of Crowd Sourced Funding Equity Raising when private companies were able to raise capital direct from the public. If you have clients who have a turnover of less than $25 million per annum and have gross assets valued at less than $25 million and are not listed on the Stock Exchange they are potentially eligible to raise capital as a Crowd Sourced Funding Equity Raising Company. An eligible company will need to have a vision, a capable leadership team and a sound business that they could gainfully utilise capital raising of up to $5 million in 12 months to further develop their company. The introduction of Crowd Sourced Funding Equity Raising for private companies represented the most “significant improvement to business financing” for small businesses and medium-sized enterprises in the last 35 years. Read full article: https://essbiztools.com.au/index.php?option=com_zoo&task=item&item_id=244&Itemid=639

The Crowd Sourced Funding Equity Raising Scorecard produced by ESS Small Business / ESS BIZTOOLS as at 31 July 2019 has identified that 31,141 investors have invested an average of $1,207 each in the 44 companies that have raised $37,586,246. (Click here to view the Scorecard) This uptake indicates that after a slow start Crowd Sourced Funding Equity Raising is starting to raise much needed capital for small businesses and medium-sized enterprises operating their businesses all over Australia.  Crowd Sourced Funding Equity Raising has been established in Australia following amendments to the Corporations Act by the Australian Government....     READ THE FULL ARTICLE HERE  

The Crowd Sourced Funding Equity Raising Scorecard produced by ESS BIZTOOLS as at 31 July 2019 has identified that 31,141 investors have invested an average of $1,207 in the 44 companies that have raised $37,586,246. (Click here to view the Scorecard) This uptake indicates that after a slow start Crowd Sourced Funding Equity Raising is starting to raise much needed capital for Small Businesses and Medium Sized Enterprises all over Australia. Mr Robin Holt, Senior Campaign Manager of Melbourne based Crowd Sourced Funding Intermediary – Birchal Financial Services has indicated that he was in the United Kingdom when the equivalent of Crowd Sourced Funding Equity Raising commenced and has stated that it took two years for the market to take off to the significant level of investment that is now evident in the UK...     READ THE FULL ARTICLE HERE

Accountants can assist companies to prepare the documentation that they will require: Business Plan Budgets/Cash Flow Forecast Customer analysis Identification of unique competitive advantage Business valuation to determine the number of shares to be offered and pricing Company directors and managers will benefit from advice on how Crowd Sourced Funding Equity Raising operates including:....     READ THE FULL ARTICLE HERE

Accountants can assist companies to prepare the documentation that they will require: Business Plan Budgets/Cash Flow Forecast Customer analysis Identification of unique competitive advantage Business valuation to determine the number of shares to be offered and pricing Company directors and managers will benefit from advice on how Crowd Sourced Funding Equity Raising operates including:....   READ THE FULL ARTICLE HERE

Crowd Sourced Funding Equity Raising is not the same as “Crowdfunding”. Crowd Sourced Funding Equity Raising is governed by the Australian Government’s “Corporations Act” which specifies strict legal requirements for the company to abide by. The company has to appoint an Intermediary from the businesses which have been appointed Crowd Sourced Funding Intermediaries by ASIC....     READ THE FULL ARTICLE HERE

Crowd Sourced Funding Equity Raising is not the same as “Crowdfunding”. Crowd Sourced Funding Equity Raising is governed by the Australian Government’s “Corporations Act” which specifies strict legal requirements for the company to abide by. The company has to appoint an Intermediary from the businesses which have been appointed Crowd Sourced Funding Intermediaries by ASIC. The company has to produce a Crowd Sourced Funding Offer Document (similar to a Prospectus) which contains significant amounts of information. “Crowdfunding” is a popular term given to people or organisations raising money for particular needs or events.....   READ THE FULL ARTICLE HERE

Crowd Sourced Funding Equity Raising represents the biggest improvement in business financing for small businesses and medium sized enterprises in the last 35 years! Australia is playing catch up – Crowd Sourced Funding Equity Raising is already proven in overseas countries United Kingdom United States of America Canada New Zealand have had Crowd Sourced Funding Equity Raising (or its equivalent) for the last seven years.....   READ THE FULL ARTICLE HERE

Crowd Sourced Funding Equity Raising represents the biggest improvement in business financing for small businesses and medium sized enterprises in the last 35 years! Australia is playing catch up – Crowd Sourced Funding Equity Raising is already proven in overseas countries United Kingdom United States of America Canada New Zealand have had Crowd Sourced Funding Equity Raising (or its equivalent) for the last seven years.     READ THE FULL ARTICLE HERE

Former public company director, Andrew Geddes, is hopeful the recent $3-million capital-raise by the women’s ride-sharing company, Shebah, will encourage more female-owned companies to begin using Crowd Sourced Funding Equity Raising for their growth capital. Mr Geddes, the former Chair of Greencross Limited, believes Crowd Sourced Funding is likely to become the preferred way for the small and medium sized business sector to raise capital in the near future. He claims the traditional alternatives of bank loans and angel investors often place stringent obligations on the company, its directors and loan guarantors that limit the potential for growth....   READ THE FULL ARTICLE HERE

Former Greencross Limited Chairman, Andrew Geddes, believes the new capital-raising process, Crowd Sourced Funding Equity Raising, could be a real wake-up call for small and medium sized companies to expand. “Raising capital places as lot of pressure on businesses to justify that they’re worth lending to” said Mr Geddes, a highly experienced public company director. “To raise capital, SMEs have to go through all the disciplines of getting their ‘house in order’ before investors will even consider supporting them, and in many ways, that’s a good thing” he said.  Mr Geddes says the preparation required for any form of loan or capital raising forces companies to take a very serious look at their structure and operations...     READ THE FULL ARTICLE HERE  

Are you missing out on the capital on which your successful small or medium sized business needs to grow? There’s no real reason you should be, if you run a SME that meets the requirements for an all-new capital-raising process. Crowd Sourced Funding Equity Raising (CSF) has seen a rapid uptake amongst those companies, who have been first to market, since the process was legalized for small proprietary companies here in Australia back in October last year. More than $22M has already been raised as capital for small and medium sized businesses, in less than five months. That’s pretty remarkable, isn’t it? So, if your business is on the hunt for capital, Crowd Sourced Funding Equity Raising is a path that you and your accountant should seriously consider for your company.     READ THE FULL ARTICLE HERE  

Sounds great doesn’t it?  Would you like to be in this position? Already in Australia over $23.1 million has been raised by 27 companies since Crowd Sourced Funding Equity Raising was given the “green light” just 4 months ago. This change represents the biggest change in business finance for small and medium-sized businesses in the last 35 years. Crowd Sourced Funding Equity Raising offers a number of distinct advantages for your business/company. Why do I think Crowd Sourced Funding Equity Raising will receive a vote of thanks by the Australian small and medium-sized business sectors?   READ THE FULL ARTICLE HERE

A sure way to be rewarded with new revenue streams is to be a progressive and innovative accountancy firm, always open to new business ideas which could help your clients build a future for their companies! A number of accountancy firms are already benefiting from the introduction of Crowd Sourced Funding Equity Raising, which finally became legal here in Australia for small proprietary companies on 19th October last year.     READ THE FULL ARTICLE HERE  

Let me be blunt. You are running out of time! If you want to discover how your SME clients can raise capital without throwing themselves at the mercy of the banks, and, how your accountancy firm can profit substantially from new revenue streams... then yes, you really are running out of time. Why? Because, we at ESS BIZTOOLS, are offering a 40% discount on all the information, strategies and documentation you are going to need to fully understand and work with Crowd Sourced Funding Equity Raising. But, like magic, that discount will disappear in a puff of smoke when the clock strikes midnight on Friday 15th February 2019. Don't miss out!...     READ THE FULL ARTICLE HERE

Helping SME (Click here) clients raise capital can be a funny process and when confronted with ideas like Crowd Sourced Funding Equity Raising (Click here), it’s understandable that your first reaction may be to put up barriers. Oh yes, we’ve all seen tax schemes over the years, like feature films and jojoba plantations, that end up going pear-shaped, leaving your clients asking ‘So, what happened to my money?’ As accountants, it’s no wonder we’re becoming reluctant to recommend any new ideas to clients, in case those ideas turn out to be ‘turkeys’. Well, Crowd Sourced Funding Equity Raising is quite different.  It’s not a tax scheme, or a scheme of any kind, for that matter. In fact, it’s a completely legal process that gives your clients access to the capital they need to continue building their businesses.   READ THE FULL ARTICLE HERE

Every so often, a new concept comes along that completely revolutionises the way we do things in small/medium enterprise businesses. This…….. is one of those times. As of now, Crowd Sourced Funding Equity Raising for Small Proprietary Companies (group turnover under $25 million per annum, group gross asset value under $25 million, not listed on a stock exchange anywhere in the world) is legal in Australia.

Do you want to help your clients to grow, or are you just happy doing their compliance work? If you want to take a more serious role, as a trusted business and financial advisor to your clients, then Crowd Sourced Funding Equity Raising could be the opportunity you’re looking for. Newly legalised here in Australia, Crowd Sourced Funding Equity Raising could create a new specialisation and a new revenue stream for your accountancy/business advisory firm.

At long last Crowd Sourced Funding Equity Raising for Private Companies is available from 19 October 2018. Do you envisage that your accountancy firm will proactively promote the opportunity for some of your clients and prospects to raise capital from the public and in so doing create a new income stream for your accountancy firm?

If you want your accountancy firm to be differentiated in the marketplace and recognised as a market leader, then offering a proactive service on the new Crowd Sourced Funding Equity Raising for private companies will assist your accountancy firm to: earn a higher average fee per client create new client generation improve your client retention, rather than lose clients who are seeking assistance in commercial matters and go elsewhere create a variety of interesting work for your team, thus contributing to improved team morale, team retention and improving your team hiring.

If you want to grow your business, stay ahead of competitors and offer a wide range of solutions to your clients – solutions that: provide you with “new income streams” – through new businesses; generate a variety of interesting work for your team, resulting in improved team morale, productivity and team retention; enable management to improve their business skills; you will probably be very interested in finding out about the Crowd Sourced Funding Equity Raising opportunities that are now available for private companies.

The recent announcement of the first group of Crowd-Sourced Funding Intermediaries has clearly signified to the small/medium enterprise community that, at long last, Crowd-Sourced Funding Equity Raising has commenced in Australia. Crowd-Sourced Funding has joined Early Stage Innovation Companies as the two very significant corporate vehicles for small/medium enterprises to be able to raise capital from the public for their businesses. As part of the capital raising process, many of these companies will be asked by potential investors "who is your Chief Financial Officer?" A significant number of these companies will probably not wish to employ a fulltime Chief Financial Officer, thus opening a significant window of opportunity for accountancy businesses/business advisers, who have embraced the concept of providing a broader range of commercial services, to be able to offer a virtual Chief Financial Officer service to the companies raising capital as well as other clients who are operating businesses which aspire to grow and other businesses with turnovers over $3M.

If accountants want to be involved in an exciting “new income stream” – now is the time to make sure that your team has been trained and reviews have been undertaken to identify clients who might be interested and that you are ready to roll out a fantastic service.   What I’m talking about is “Crowd Sourced Funding Equity Raising”!   Or you can potentially sit back and watch some of your clients being poached by other accounting or consulting firms that are aware of the tremendous opportunities that are going to be available to the Australian accounting/business consulting industries from the opportunities that Crowd Sourced Funding presents.   ESS BIZTOOLS has been supplying business advisory services products to accountants since 1997.   Each year since then we have released a range of new products to keep accountants abreast of the latest developments in the commercial market which relate to small/medium enterprises.   The latest product is “Crowd Sourced Funding”!

Equity crowdfunding is forecast to grow tenfold in just 5 years! It’s worth repeating that – equity crowdfunding is forecast to grow tenfold in just 5 years.   Australia is expected to follow crowd sourced funding trends in the United States and United Kingdom as these markets have already adopted crowd-sourced funding reforms which have overseen massive growth in capital raising via crowd-sourced funding platforms.   What an opportunity for accountants and business advisors to create a “new income stream” and, at the same time, assist SMEs that would like to raise capital to assist in the growth of their businesses!   Enable Funding (formerly ASSOB – Australian Small Scale Offering Board) has forecast that the new crowd-sourced funding capital raising market will soar from $119 million in 2016 (primarily S708 capital raising) to $1.5 billion in 2021, which would result in a tenfold increase. (www.enablefunding.com)   Enable Funding believes that the new crowd-sourced funding reforms in Australia will have a similar effect on the Australian crowd-sourced funding capital raising market and investor interest in that market.   Enable Funding has forecast the following crowd-sourced funding equity raising amounts: 2017 – $210 million (primarily S708 and Early Stage Innovation Company Capital Raising) 2018 – $420 million (this will be the first year to have an impact from Crowd-Sourced Funding Equity Raising) 2019 – $688 million 2020 – $1.023 billion 2021 – $1.519 billion   This primarily relates to capital raising forecasts for private companies or private companies which have converted to unlisted public companies.   Enable Funding has a real track record in this market. Enable Funding was founded in 2007 (under the name ASSOB) and is now the largest investment crowdfunding platform in Australia and one of the largest in the world.   Enable Funding is an equity crowdfunding platform that has assisted in the raising of more than US $130 million for issuers since its inception.   Many of these businesses were small/medium enterprises when the capital was raised.   ASIC is expected to finalise the licensing of the first batch of intermediaries for crowd sourced funding shortly. Companies will then be able to commence the capital raising process.   This raises the question; what is your accountancy business going to do relative to this market opportunity? This is a brand new market that no Australian accountancy business, large or small, has any significant link to because crowd-sourced funding equity raising is brand new in Australia.   Our suggestion is that you survey your clients to ascertain those companies with group turnover under $25 million and group gross assets under $25 million who are not registered on a Stock Exchange anywhere in the world.   Once you’ve established this group you could then pose some questions and try and answer them internally: Does this client want to expand their business? Has this client talked about purchasing another business? Is this company contemplating financing a succession plan on some basis? Is the company paying off loans? Is the company paying off high credit card debts?   Do you think it would assist these companies if there was an injection of capital into the company? Do the directors have a vision for this business? That’s very important if they are going to attempt to raise capital.   You could then have a conversation with the directors to determine whether they might be interested in considering raising capital by issuing shares in their company.   This will give you the opportunity of outlining to the company directors what’s involved in the journey to become eligible to raise capital as a Crowd-Sourced Funding Company.   Most of these companies will require assistance in the preparation of: a Business Plan; Budgets and Cashflow Forecasts; Information Memorandum; in the preparation of a Crowd-Sourced Funding Offer Document; and for the negotiations with the intermediaries to assist the company directors to select an intermediary with whom they wish to work.   Your initial investment to get started on crowd-sourced funding (at our special price celebrating the launch of Crowd-Sourced Funding Equity Raising) is only $299 including GST.   ESS BIZTOOLS has developed a unique Crowd-Sourced Funding Product Package for the Australian accounting/business advisory industries. If you would like to view the preview of the Crowd-Sourced Funding Product Package please (Click here).   We are presenting a free webinar on Wednesday 22nd November 2017 at 12-noon (AEST)/1pm (AEDT) that you are welcome to attend titled “If You Only Want To Do Tax - Don’t Attend This Webinar!”. (Click here) to register to participate in this webinar. The webinar will feature comments on Crowd-Sourced Funding, Early Stage Innovation Company Capital Raising and an accountant’s role in helping clients get ready for this very important new market opportunity.   You are invited to view a webinar we presented, based on our presentation with Marc Johnstone, Chief Operating Officer of Enable Funding at ATSA 2017 in Sydney last month – “Crowd Sourced Funding presents Opportunities to Create New Income Streams”. (Click here).   If you would like any further information relative to “Equity Crowdfunding Which is Forecast to Grow Tenfold In Just 5 Years”, please do not hesitate to contact me - peter@essbiztools.com.au, visit www.essbiztools.com.au or www essbasip.com.au. Have a great day.