Thursday, August 4, 2011

Do you have a great idea that needs to take off? Incubate it!

Businesses are most vulnerable during the entrepreneur stage. Some great ideas never see the light of day because the entrepreneur did not have the nurturing and support to get the idea off the ground. That is where business incubators come in. Wikipedia defines business incubators as programs designed to accelerate the successful development of a entrepreneurial companies through an array of business support.

The NBIA(National business incubators association) makes a great case on why an entrepreneur should consider a business incubator. Some of the top reasons are
  • They only select the cream of the crop so if you are picked then your idea has a shot
  • The services offered are targeted and specific to a start up company. Click here to read the rest of the article. 
Before picking an incubator, consider the following
  • What is their track record?
  • How involved are they in helping to launch their idea?
  • Do the services they have match your needs? 
  • What kind of mentors do they offer? 
  • What kind of networking opportunities are available with other entrepreneurs? 



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