Tuesday, 16 September 2014

What’s Your Crowdfunding Contingency Plan?

What’s Your Crowdfunding Contingency Plan?

Here Are The Elements of a Crowdfunding Contingency Plan:

Detection:


The first step of a crowdfunding contingency plan is detection. This
means identifying and analyzing the myriad internal (i.e. product,
employee) and external (i.e. competitor, market, portal) risks. Focus
primarily on the uncontrollable, and then prioritize the scenarios in
order of severity and likelihood. Types of risks to consider include
financial, operational and legal.