Dynamix7.com and Small Business Owners Unsure About JOBS Act

A recent study found that most small business owners are not supportive of a new law that will allow them to raise money by soliciting investors on the Web. Dynamix7.com, an online training resource, has tools business owners need to find the best way to market their organizations if the new law does not deliver satisfactory results.

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Phoenix, Arizona (PRWEB) June 11, 2012

A study by Pepperdine University and Dun & Bradstreet Credibility Corp. revealed that local business owners are not thrilled about the JOBS Act, according to an article on CNBC. More than 6,000 small businesses were surveyed, but only 3 percent indicated the bill would increase the chance that companies will raise money through crowdfunding. Dynamix7.com has a way to help JOBS Act non-supporters through its marketing program, which includes ways on increasing finances.

Crowdfunding means that companies will be able to use websites that will link them to numerous investors and give them the opportunity to raise no more than $1 million each year. Now, the sites won’t start up until regulations are created by the Securities and Exchange Commission (SEC). That action is expected to take place possibly by the end of the year.

For years, charities have used crowdfunding to bring in more money, but the survey shows small business owners doubt it will have the same effect on their finances. A little more than 50 percent of respondents believed the JOBS Act would not help them raise money through overcrowding, while 45 percent remained unsure. Dynamix7.com is also doubtful the JOBS Act will benefit small business owners, considering that many details of the law are not iron-clad yet.

One reason local business owners are not supportive of the bill has to do with many unanswered questions on how the crowdfunding process will work, considering that the rules are still being created by SEC. Also, business owners may be skeptical because they are not yet familiar with operating a business, while dealing with investors who might want to dictate how the business is managed.

Even with the creation of the JOBS Act, Dynamix7.com believes small business owners will still rely on the more old-fashioned methods to raise money. According to the survey, 71 percent of respondents said they received money from family and friends. Personal credit card users made up 62 percent of the respondents, while business credit card users contributed to 59 percent of those surveyed. A little less than half of the respondents obtained bank loans.

There are many ways small business owners can market their business and raise funds, despite their opinion of the JOBS Act. Dynamix7.com has responded to the JOBS Act by offering a curriculum with more classes centered around financing and marketing for small business owners. In addition, Dynamix7.com is staying abreast of the latest developments regarding the JOBS Act so it can educate small business owners of the law.

ABOUT:

Dynamix7.com is made up of professionals in all fields of the marketing industry. The company hires in-house web developers, designers and programmers to help educate local business owners on how they can be successful. Find out more about Dynamix7.com by visiting http://dynamix7.com.


Contact

  • Michael McGarety
    PR Authority
    800-475-2390
    Email