Obama's Fundraising Plan Can
Work For Business!
Barack Obama's campaign for President of the United
States has shown that the African-American
community has money. Although individual donations
have been small (average donation is $96),
they've
added-up. His campaign has also shown that the
community can raise millions when motivated by a
compelling cause. A cause that might positively
change the course of its history. The community's
support is a major reason Obama set a record for
primary campaign fundraising (over $300
million).
Obama's strategy for raising money (compelling
cause, small donations and the Internet) could
also
be adapted by communities to help achieve their
economic potential. An informed community would
welcome
Direct Public Offerings (DPO) as opportunities to
support the compelling cause of growing responsible
businesses. Through DPO's entrepreneurs could
raise money by selling shares of ownership directly to
the public. Individuals could become shareholders for
as little as $100; and multiple-state registrations
would expand the potential base of investors.
Supporting a compelling cause by investing small
amounts through a DPO is not new to the Black
community. The first regulated DPO by an African-
American company occurred in 1919. The company
was a shipping line that sold equity shares to the
African-American community. The offering was based
on $5 per share (can be as low as $1 per share)
and
the company raised $500,000 to purchase its first four
ships. The company was named the Black Star Line
and it was founded by Marcus Garvey.
Most people think DPO's are too good to be true; and
they can be if you don't plan. To be the cornerstone of
an economic advancement program, individuals must
be prepared to utilize or support these offerings. We
recommend that you select one of the following
options to request a program introduction.
Participating should be a fun, gratifying and financially
rewarding experience!
- Prepare to support these plans by learning how to
join or organize an investment club. Club members
pool their money and keep investment amounts
small. Request a FREE e-mail introduction through
our service link:
Investment Clubs.
- Entrepreneurs should request a FREE e-mail
program introduction through our service link:
Small Business Finance. We can help to install
this permanent in-house component for raising
money. Startups and profit-challenged businesses
are encouraged to participate.
About The Financial-Quest Group
The Financial-Quest Group is a
network of consultants that raises money for
small
businesses through
Direct Public Offerings (DPO). They also support
these offerings through financial education services,
personal financial planning and
Family Small Business Plans. The group is in the
planning phase
to prepare for the company's own series of DPO's.
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Contact: Howard Ware, CFP®
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