Thursday, May 16, 2013

Alternative funding


             When starting a business, creating a service or a product it is very important to get funding. Anyone trying to create a product or service or start a new business needs money, you can’t move any further with your project until you have funding. Funding is arguably the single most important part of any project. There are many different ways to obtain funding from traditional loans to alternative funding. Two such places you can go to find an alternative form of funding are Association for Enterprise Opportunity and the US Economic Development Administration. You can find both the Association for Enterprise Opportunity and the US Economic Development Administration online here and hereTheir websites are full of very helpful information and ways to get alternative funding. The Association for Enterprise Opportunity website is a bit cleaner than the US Economic Development Administrations website. The Association for Enterprise Opportunity has a ton of ways to get information. It updates on news, has a community section, has information on the association and of course ways to get alternative funding. The US Economic Development Administrations has a bit less information on it than The Association for Enterprise Opportunities website. It has a newsroom, and information on the company it’s lacking a community feature, which is always a great touch when online. They do however have a twitter, Facebook, LinkedIn account and a YouTube page which is always a great touch when working online. It may not be a quick as a community feature but being able to find a twitter account is great for getting up to date information. The US Economic Development Administrations webpage has a lot of links on it at first glance it can be a bit confusing. The website has a tab talking about the federal funding opportunities and in that tab you can find a ton of information about ways to get funding and alternative funding.