There are blockchain technology benefits for small businesses that you simply can’t ignore since they can help you raise capital and conduct transactions seamlessly.
4 Ways in Which Blockchain Technology Benefits Small Businesses
Small businesses need to always come with a more efficient and improved way of serving their customers. When it comes to matters like this, there are blockchain technology benefits for small businesses that you simply can’t ignore since they can help you raise capital and conduct transactions seamlessly. Some small business owners may just think that such technologies are only accessible to large companies who have expensive developers to work with; however, the reality of the situation is that it really isn’t as costly as people may think.
Venders have designed ways in which small to large businesses can use blockchain technology. It isn’t just for businesses that are digital-first or present only online. Nail salons, restaurants, collision centers, gyms, boutiques, bakeries, and other small businesses that exist in physical stores can also use blockchain tech.
Processing of listing application by governing body
Marketing and offer period, which may include roadshow or tour
Closing the offer
Corporate finance advantages
A company may find it advantageous to withhold profits or reinvest into research and development, says Dr Britton.
“Having the option to decide whether to pay investors a dividend of 4%, 1%, or 0%, gives companies more options than they have with other forms of capital raising.”
Other advantages include:
Easier acquisition deals
Lower cost of capital for equity and debt
Corporate finance disadvantages and alternatives
Of course, there are some disadvantages to consider as well, such as:
High expense of establishment and maintenance