While many campaigns achieve incredible success, many only hit their goal by a slim margin, and even more never even pass their goal. Crowdfunding is simply the first step of a much longer process and one that is mirrored in the day-to -day competition that any new business faces when it comes to market. Crowdfunding campaigns can accelerate the early stages of innovation, brainstorming, and strategy any company needs in order to survive. Crowdfunding campaigns teach those who undertake them valuable lessons that apply to entrepreneurship as a whole. Here are five lessons any entrepreneur can draw from the world of crowdfunding: LendingMemo; Flickr 1. Solve a problem Products and services that achieve the greatest success solve a real problem or fulfill a need that hasnt been met by existing services. For the original version including any supplementary images or video, visit http://www.forbes.com/sites/ilyapozin/2015/05/14/what-entrepreneurs-can-learn-from-the-world-of-crowdfunding/ A

This URL was also folkd by: