3 risks involved with public funding of a business

[Augusta]

It might seems a great idea to share your business idea with others asking for financial assistance to start the business. You might be getting food feedback to assist from the public but you might at the same time be jeopardizing your opportunity of making it big with your business idea

The following three risks are what you might be confronted with before you might even get the money

plagiarism of the business idea: People wouldn't mind to start using your idea before you are able to find the money. So while you are still looking out for one that would find the idea worthy to invest in another has test out the idea and it might even be hijack if you are still unable to fund the business idea.

Hindrances by competitor: If you are about to come in to already established industry but with a unique product or service. it can be sabotage by your competition. They may stand as hindrance and might stop others from funding the business

Dying a natural death; The whole business idea can be ruined as those in the know would stand against any reasonable funding which will make starting the business very difficult.

So even when public funding sound great it might still be a wrong move if you are not really careful.

What's your thought?

 

[Ayuba Ernest]

When it comes to public funding for businesses, there are a few risks involved. One of the biggest risks is that the business may not be able to performance as expected, and may even fail. This could lead to the loss of public funds, and could also damage the reputation of the government or agency who provided the funding.

Another risk is that the business may use the public funds for purposes other than what was intended. This could lead to misuse of funds, and could also lead to allegations of corruption.

Finally, there is always the risk that the business may simply not be successful, and the public funds may be wasted. This is a risk that comes with any investment, but it is especially important to consider when public funds are involved.

Overall, there are a few risks involved with public funding of businesses. However, these risks should not deter businesses from seeking public funding, as it can be a great way to get the capital they need to grow and succeed.