E.Factor = Entrepreneurial Utopia
For many people the ultimate dream is to start their own business. But that difficult and elusive task can have many obstacles. The E.Factor attempts to solve a major impediment of entrepreneurial ambitions by bringing together individuals with similar aspirations but different skill sets, allow them to share ideas, collaborate and potentially become business partners. Often the creative, technical and business elements required for start-up business success aren’t embodied in one person so creating a social network for entrepreneurs certainly has value to a niche market.
The E.Factor has free-membership and is divided into several easy to use sections: Control Room, Lounge, Biz Exchange, Finance Corner and Market Place. First, the Control Room, which includes the Message Center, is where users create personalized profiles, manage preferences and communicate with other users. Next, the Lounge, which is an informal place for users to gather for either casual conversation or off the cuff comments about whatever suits the fancy of the online consortium. Currently, the Lounge enables users to communicate using chat or multimedia messaging and promises to incorporate other communication technologies as users request them. Third, the Biz Exchange is one of the applications of the E.Factor that can be considered the nuts and bolts. It is difficult to assess the actual value of this feature because it’s still under construction. But it pledges to be where users will find partners and employees or get an answer to a specific question. It will also be where users will offer products and services, do promotions, place ads, post blogs, etc. According to the site, this section will be completed before the end of May 2008.
Another feature that will provide indispensable assistance is the Finance Corner. This section will help users locate, inquire about and secure funding. E-Factor has accumulated over 100 Venture capitalists, Angel Investors and Financial Institutions. Seemingly privacy and security of financial information is of the utmost concern, so the E.Factor has taken the necessary precautions to secure personal information. Finally, the Market Place guarantees to be a cornucopia of benefits and discounts for members that include but are not limited to flights, products and technology events. This section won’t be fully up and running for 4 to 8 weeks.
The E.Factor management team has over 60 years of combined experience in entrepreneurship, a couple books published and includes Adrie Reinders, Roeland Reinders, Marion Freijsen and Rodney Sampson.
