Can you sense it? Yes, opportunity is coming and I really mean it. Entrepreneurship has been a backbone for thriving economies. The history of entrepreneurship can be backdated to be as old as man existence. There has always been transactions, exchange of goods and services. That link between the two pairs of producer and consumer has continued to evolve. Can you still remember the old days of trade by barter, you may feel that goods for goods was not entrepreneurship. It depends on the level it was done (subsistence/ family consumption).
There were others who saw beyond that and leveraged the opportunity to make wealth, those are entrepreneurs. In our modern times, transactions have become more popular with currencies and I must say it has it own advantages. money has become a generally accepted commodity which can be exchanged for any other commodity. Its portability to some level has encouraged cross border businessing. The import and export industry has really thrived from here.
One of the ways of enjoying being an entrepreneur is going big(large scale). This has been the hedge big businesses have when it comes to raising capital. There is a lingering challenge that small and medium scale entrepreneurs are facing; the issue of getting investors attention due to meeting large standards. Thanks to blockchain technology, this issue is starting to resolve itself. Have you heard of real world asset tokenization?.
Sometimes it's the little to no knowledge we have about a tech that keeps us under opportuned. Have you heard about the bold step the Hong Kong bank is taking towards tokenization? Or should I also remind you of the latest about Bitfinex?. There is a current fundraising for a hotel. It's all happening in El Salvador; there is a funding program conducted by Bitfinex to build a hotel in El Salvador (worth over $6 million dollars) and guess what?, it will be done via token selling. I read both news on chain and indeed both have been interesting.
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I know what you are thinking, so what has this to do with medium entrepreneurs? Have I also told you that the minimum investment capital is $1000 dollars with a 10% bond payment for five years? I don't know whether you've still gotten it yet but there are two things to extract from here; funding program(enterpreneur raising capital) with minimum of $1000 dollars (affordable investment amount). The storyline behind Bitfinex is that it is not decentralized, nevertheless, I believe decentralized minds will take advantage on the later days.
How would you feel to put your $1500 worth business into the market through decentralized tokenization and getting funded. The opportunity is both sided, investors can invest cheap, helping mitigate the risk. We know the standards one has to pass through the central systems to get things done; The Paper work, needed standard capital and the rest of the likes. Huge investors are eyeing Wall Street opportunities meaning small entrepreneurs are left in the shadows.
They'll be funds for everyone
I only wish you understand more about how tokenization works and you'll see what I am explaining clearer. I see a future where medium entrepreneurs will be opened to a well of investors all thanks to blockchain tech's tokenization program. There are always people out there who are interested in spreading their assets into smaller businesses but have always faced a lot of limitations. Bond buying is going to become affordable as smaller businesses get funds to do business.
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Take for example, you as a medium scale farmer selling out tokens of your poultry farm to interested investors worldwide. We know how difficult and rigid this has always been passing through traditional banking systems, the disappointments are numerous. Another thing to consider is the inconveniencing APR the banks require. Worst of all when they need it on a monthly basis.
The reverse will be the case when you meet investors directly, putting out your business proposal for interest investors to directly invest on it. This is called botherless business funding. Investing in offline businesses in other parts of the work will be made very transparent and possible all thanks to blockchain tech. smart contracts also will play a huge role here.
Underdeveloped countries are the most favorite to make good use of this opportunity that is opening up. If entrepreneurs, especially small scale ones, can develop a good and tangible business it will go a long way. Another thing will be reputation when it comes to doing business. Business tokenization will help alleviate poverty in different regions. The idea is still new meaning that it will take some time for its full manifestation. It will go through stages yet the need to have an early understanding will be a hedge for upcoming entrepreneurs.
To conclude, let me add, advancement keeps on hitting every sector. As I would suggest, where you lack knowledge, the best solution is to ask questions rather than stay in doubt. There is a need for entrepreneurs to delve deeper into the world of business tokenization to generate borderless funds and thrive business. We are seeing it slowly kickstarting and I see it going beyond what we are currently imagining.