Funding
Funding Solutions at Entrepreneur Community Online(ECO):
Wow! We live in a very challenging time economically! Money is required in greater amounts than ever, and yet it seems to have disappeared.
Money is out there though, it is just harder to find.
This requires you to be much more prepared in every way. It also requires you to "think outside the box".
Before you go any further, ask yourself these questions:
- Do you have a business plan that has been vetted by business experts as well as experts within your industry?
- Do you have your business team assembled and all gaps either filled or accounted for?
- Do you understand your market and your competition?
- Do you have customers yet? Can you account for why you do not yet have customers(ie: you are an inventor needing funds to proceed to the prototype stage)
- Do you have this information packaged appropriately - as in, how investors or financiers want to see it?
- No matter if you are trying to secure venture capital, angel investment, crowd funding, or debt financing, you will need to have this information ready and available.
If you have answered no to any of these questions, I would suggest that you stop off at our Mentors Bureau and seek their guidance.
If you have answered yes to all of these questions, I would ask you to consider a few more:
- How willing are you to look at and review your existing network for potential funding partners?
- If you are willing, then I encourage you to be a part of the 1st cornerstone of ECO: Connections. We teach you how to use the internet to expand your network.
How willing are you to consider multiple funding options?
No matter what country we live in, no matter what our politics or religion, there is great need on one side and the people who can resolve that need on the other side. The only thing that seems to be missing right now is the ability to connect the 2. Our old currency of exchange - money - seems to be in short supply. So this requires much more creativity and imagination.
Fortunately, many people are working on this problem right now and some amazing solutions are becoming available.
We have several experts on these creative solutions in our Mentors Bureau. I would encourage you to seek them out.
The TimeBank is another unique funding solution available at ECO. It allows you to conserve your cash by trading labor for labor, value for value - an upgrade to the barter system.
TimeBanks.org is a tried and true, legal, tested organization that has been in existence for some time.
You must be an ECO BizBuilder to participate. When you subscribe you will get an equivalent amount of ECO TimeDollars deposited to your TimeBank account. You must also be willing to experiment as we customize the TimeBank to fit within our community. This will take time, trial/error and patience.
ECOBizBuilder Annual Members can log into the ECO TimeBank with this LINK.
A word of caution, please visit the page What ECO is NOT. In regards to funding solutions, it is worth repeating on this page:
ECO is NOT:
- going to review your plan, your financials or give you advise in regards to this information.
- going to seek funding for you in anyway. You may meet an investor while working within the teams and within social media. It will be up to that investor to self identify and initiate further conversation.
- going to provide our platform to you as a place to collect funds.
- going to invest money in your projects in anyway.
If all of these things sounds like something you would be willing to do - it is real simple - Subscribe.

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