Crowdfunding has been getting its much needed spotlight in the Business and financial circles mainly because of it has benefitted many startups and even small and medium-sized enterprises. Many projects and campaigns have seen their ideas transform into production and marketing because of the funds they gathered from backers and investors in the platform.
In Asia, the crowdfunding space is ever increasing with expos and events dedicated in bringing the platform to many more people – opportunity providers, investors, and project initiators. There is a growing number of people who are being exposed on how the industry works and more importantly, how it can help them reach their own goals.
Both young and old can take advantage of the industry that is being used by startups and even established industries like the property sector. But there are a number of business-minded people who are already married with kids running around the house who might think that taking on a crowdfunding project might be too much and take away time from their Family.
Crowdfunding with your family
But there are ways to manage a crowdfunding project even when you already have a family. You must not think that it will drive you away from realizing your business goals but rather, there are ways to make it work to your advantage.
- Giving you time. Your husband or wife’s support is crucial when you have to divide your time between a project and a crowdfunding campaign. They might have to pick up some of your chores at home or cover your time with the kids. This is crucial and a delicate balance because at the end of the day, everything you are doing are for your family. You want to be able to provide more for them that is why you are trying to put up a business with the help of crowdfunding.
- Supporting your endeavours. You might not think twice when pursuing your hobbies and passion and being able to turn that into a legitimate business idea. It is something that you know inside out and actually an activity you love doing. But that is you and you have to remember that your passions might not exactly be the same with your partner or even your kids. This is why there could be times that they would not understand how you can spend so much time on your craft and not enough time with the family. The support and understanding from your family will play a crucial role as you move forward with your project.
- Helping you succeed. One way to make it work is to include your family in the project rather than shutting them out of it. Get your partner’s thoughts and opinions as you go along with some of the project’s decision making. It might be refreshing and even helpful to get a second opinion and one that can look at a situation from a different angle. Get your children to see what cool projects you are doing or ask them questions on how they feel with your product. Find ways to get your family involved and get them on board.
This article is written by the Crowdfunders Editorial Team. In Asia, Crowdfunders.Asia is a leading portal on providing news related to crowdfunding, start-up, property and business. It is operated by CoAssets.com. CoAssets is South East Asia’s first listed and largest real estate crowdfunding platform. If you have any Crowdfunding news or stories to share, please email [email protected]