My friend Chuck Huckaby sent along this idea, a technique for funding a business expansion without going the bank loan route. Tourism businesses with a loyal group of repeat visitors could use it, too.
Read more at Can You Use This Technique To Fund Your Business Expansion?
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Becky started Small Biz Survival in 2006 to share rural business and community building stories and ideas with other small town business people. She and her husband have a small cattle ranch and are lifelong entrepreneurs. Becky is an international speaker on small business and rural topics.
WOW! This is an AMAZING idea. Clever. Appealing. About as close to truly personal as is possible. This is one of those “Now, why didn’t I think of that?” ideas.
I was particularly fascinated by the 25% “breakage.”
Wonder how and if this could be used for online business. Love the idea.
Thank you, ladies. Any business with a loyal fan base could pull this off, I think. The key is the loyalty of those people.
Absolutely, this is key to a very loyal fan base! Wonderful idea!