Crowdfunding Market Research Report Analysis

Global Crowdfunding Market
The GMI Research forecasts that the Crowdfunding Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the enormous benefits compared to traditional methods like time efficiency and broad reach.

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Introduction of the Crowdfunding Market:
Crowdfunding refers to the concept of crowdsourcing and microfinancing by reuniting various individuals who commit a particular amount of money to projects and entities they want to support. It is done through online via social media and crowdfunding platforms and is one of the popular ways for people, businesses, and charities to raise money through online platforms.

Key Players of the Global Crowdfunding Market:
Crowdfunder Ltd.
GoGetFunding
com
Kickstarter
Patreon
PBC
Crowdcube Capital Ltd.
EIT Health e.V.
BuildHer
GoFundMe
Indiegogo, Inc.
Crowdfunding Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The crowdfunding market is forecasted to witness significant growth in the near future. The immense prominence of social media platforms which include Twitter, LinkedIn, Instagram, and Facebook, is one of the crucial drivers supplementing the market growth. Moreover, this is the most economical source of promotion, and effective way to measure public interest, the availability of enormous channels, and pre-selling of a product. Also, the platform provides various advantages over conventional modes of fundraising, which include wide reach, less financial risk, brand promotion, validation of the concept, and marketing with the assistance of social media and email newsletters.

Additionally, the widespread outbreak of the coronavirus pandemic has positively influenced market growth. This is primarily attributed to the donation by crowdfunding to strengthen people, communities, and small businesses & organizations to fight against this virus. For example, Facebook, Inc., in 2020, enlarged its Community Help feature on a worldwide scale as part of its COVID-19 efforts. This will enable people to request or provide aid to those affected by the coronavirus, as well as donate to non-profit fundraisers. This feature was initiated first in the U.S., Canada, France, U.K., and Australia.

However, the probability of inspection and rejection, theft of ideas, seeping out of valuable information, immense effort, and time consumption will hinder the market growth. Moreover, the absence of direct control over the business by investors and chances of losing investment will curb the crowdfunding market share.

Crowdfunding Market Segmentation: Segmentation by Product Type
Reward-Based Crowdfunding
Equity Crowdfunding
Donation
Others
Segmentation by End-Use Application
Cultural Sector
Technology
Education
Healthcare
Others
Segmentation by Region:
North America
United States of America
Canada
Asia Pacific
China
Japan
India
Rest of APAC
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)
About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve

Keeping a Commercial Kitchen Cool on Hot Days: How Do You Do It?

One of the ways that Chefs and cooks keep cool in a hot kitchen is by wearing a uniform. These Chef coats, cook shirts, Chef pants and hats are made of special fabric which is heat and flame resistant, and is usually made from 100% cotton or cotton/polyester mixed fabrics and are highly breathable, and able to keep the wearer cool in a hot environment. Their design helps provide ventilation and air flow and helps them to be comfortable while working. Since working in a hot kitchen can generate sweat, the hats worn by these staff members, such as beanies and skull hats, are highly absorbent and will prevent any such contaminants from falling into the food they are preparing.

In addition to providing the kitchen staff with suitable clothing like breathable and comfortable Chef coats and Cook Shirts, what else can a restaurant or hotel owner do to keep a hot kitchen cool? Here are a few suggestions.

HVAC Units – HVAC units are heating, ventilation and air conditioning units which are installed in the restaurant and provides temperature control and ventilation even to the back of house areas such as the kitchen. Such systems which are efficiently and effectively installed by a professional, can even prevent dust and other contaminants from entering the restaurant from the outdoors, and also helps keep the food in the kitchen under the right required temperatures. These systems also prevent any food odors from travelling out of the kitchen and spreading around the restaurant.

Air curtains – Air curtains are ideal for those areas which have strong breezes such as restaurants close to the beach or those is cooler climates. They are automatically activated when a door is opened and the air flow works as a block between the door and kitchen, preventing any insects etc from entering inside, so that you can keep the doors open to let in the cool air and still prevent outside contaminants from entering your kitchen.

Screens – By installing screens it allows the restaurant to keep their doors open to let in the cool breeze in, while still preventing unnecessary pests and insects from entering the premises. When installing screens though it must be remembered that they must be made to fit snugly into the window or door frame and not leave any gaps around it, which will allow for insects and other pests to enter.

Exhaust Hoods – Good quality exhaust hoods can keep the kitchen very much cooler, by removing any heat and smoke from the inside. Many commercial kitchens install exhaust hoods for this purpose.

In addition to these areas which a restaurant owner or management can help with to keep the kitchen cool during hot days, kitchen staff have also found innovative ways in keeping cool in a hot kitchen. These are:

Constantly hydrating – Hydration is very important for those working in a hot environment and it is highly recommended that kitchen staff constantly drink sufficient amounts of water to keep their bodies from dehydrating under such conditions. Not drinking enough water can also make workers dizzy and faint, and hence it is important to stress the need for regular hydration among employees.

Walk-in freezers and coolers – Almost all commercial kitchens have walk-in coolers and freezers where they store the fresh meats, vegetables and other food items that should be kept under specific cool temperatures. One way that many kitchen staff keep cool on hot days is to visit the walk-in freezer or cooler often, and cool down a bit. Just remember not to get yourself locked inside though!

Other methods – Some kitchen staff even resort to more unique methods to keep cool, such as cooling a wet towel in the refrigerator and wrapping it round their necks. Others may roll up their sleeves, or the legs of their pants, or even resort to wearing very unique clothing for uniforms, such as shorts. Shorts and cook shirts or t’shirts have become very popular among kitchen staff who work in very hot climates and exotic locations.

Those working in the cooking industry certainly command a lot of respect and honor for their jobs, due to the long working hours they have to endure as well the harsh and sometimes quite difficult circumstances under which they carry out their jobs of providing exquisitely tasting food to their customers. These people hardly have time for their own meals during a busy work day, and simply make do with a quick salad or sandwich while working. So, the next time you come across a Chef or cook, give them an appreciative smile for the hard work they do, to give us an exceptional dining experience!

“How To Use Microexpressions To Negotiate Better” – Negotiation Tip of the Week

Are you aware that you can see the thoughts of other people? It’s not a magic trick. It’s accomplished by observing microexpressions. Microexpressions are displays of emotion. They last for less than a second. They occur before the brain has a chance to alter the displayed emotion. Thus, the display is a genuine reaction to the stimulus that caused the emotion to be displayed.

There are seven microexpressions that are generic to everyone on the planet. That means if a stimulus occurred to someone in Europe or Asia, or anywhere in the world, the reaction would be the same.

This article identifies the seven microexpressions and how their recognition can be used in a negotiation.

Fear – Why do we become frightened? In part, it’s a way we protect ourselves. But fear can be debilitating too. In a negotiation, accurately detecting fear will give you an advantage. To obtain that advantage, you must know what the other negotiator is fearful of.

When detecting genuine fear, look for raised eyebrows, widened eyes, and parted lips with the bottom lip protruding downward.

Anger – People become upset in degrees. When it reaches a point of nontolerance, that’s when it becomes anger.

When negotiating, always be mindful of the other negotiator’s temperament, as well as your own. In both cases, when one loses one’s cool, that person can become irrational. Manipulation can easily occur at that time. Thus, they’re opportunities contained in such a mindset if you know how to advantage your position.

There are two main differences between the displayed microexpressions of fear and anger. With fear, eyebrows are raised and they’re lowered when displaying anger. In addition, with anger, one’s nostrils will flare like what a bull might exhibit prior to charging.

Disgust – In a negotiation, this is a temperament that we see when someone is not in agreement with our statement, offer or counteroffer. The other negotiator may say yes to the offer. But if he has his upper lip lifted and his nose turned up in a wrinkle while doing so, he just displayed the microexpression denoting disgust. It’s important to note the distinction between his words and actions because his statement of agreement is not as firm as his body language is indicating.

Surprise – Expressions of surprise can be good or bad (e.g. That’s better than I thought, or there’s no way I’d go for that.) You can recognize surprise by raised eyebrows, wide eyes, and a mouth that’s agape. Fear and surprise have these characteristics in common.

When negotiating, note if the expression of surprise stems from happy or sad expectations. If the other negotiator is too happy about an offer you’ve extended, you might consider reducing it.

Contempt – This gesture is conveyed by a sneer with one corner of the mouth turned upward. The meaning is, “I’m not enamored with this – I might think it’s insulting.’

Take note when you observe this gesture because it can lead to disgust and then anger.

Sadness – When sadness is displayed it’s done through drooping eyelids, lips turned down, and a change in the voice’s inflection and tonality.

If a negotiator displays sadness, it may stem from him realizing that you have the upper hand and there’s no negotiation wiggle room. If that’s a reality, don’t beat him up. You don’t want to turn that into anger, which might lead to unimagined responses.

Happiness – You’ll see this in the form of wide-eyes, a smile, raised cheeks, and a degree of exhibited gaiety.

When perceiving happiness, note what caused it but don’t let your guard down. If it’s genuine, you’ll sense an easy flow in the negotiation. If contrived, it may be an attempt to lull you into a false sense of security.

Negotiators look for advantages in every negotiation. Being able to accurately detect microexpressions can be the advantage you need. So, if you want greater advantages during your negotiations, look for the advantages that microexpressions offer. You’ll be a greater negotiator with greater outcomes… and everything will be right with the world.

Remember, you’re always negotiating!