“A business incubator? Heck, what ever will they think of next?” Well, if we’re being completely honest, that’s just how we reacted when we first came across the concept ourselves. In time however, we are well acquainted with the idea, and are more than handily placed to explain the benefits of this phenomenon. So, get comfortable and get stuck in, as we expound the concept, and tell you how it could help your business get-a going!
What are business incubators?
Well, succinctly put, a business incubator is an organization that seeks to aid the growth, development and success of start-ups and entrepreneurial enterprises. This it enables via a wide array of capabilities, which include, but are not wholly limited to, the provision of office space, networking connections, capital coaching, as well as common services. These do-gooder organizations are typically assisted and instituted by private companies or public institutions. Please be aware, however – not all business incubators are created equally, so do shop around before you settle on one that gets on with your entrepreneurial enterprise or start-up like a house on fire!
Now, there are many benefits associated with boldly going forth with a business incubator, and we’ve put together some of the most important ones that we hope will convince you to readily jump aboard the business incubator juggernaut!
No more moolah meltdown
Let’s face it, more often than not, it’s the money, or the lack of it thereof that prevents you from progressing with your startup or company. Hey, sometimes it even gets you tearing your hair out in sheer frustration. Now, that’s why going with a business incubator could make all the difference in the world!
Business incubators are strategically placed and have an ‘inside line’, so to speak, to a plethora of funding opportunities and capital markets. And now, you could have access to it all! Moreover, business incubators could even prep and school you on how to appear more attractive to funding institutions, and help you seal the deal!
Worry? Who, me? Never again!
Seemingly, with that annoying ‘funding’ monkey off your back, you can now get off your behind and get right to work! Funding worries can incessantly bog you down and even kill your business before it begins to take its baby steps. Now, however, you are rid of all these worries, and can devote all your time and energies towards coming up with ideas, plans and strategies that win! Therefore, with a business incubator in place, you can get ready to unleash yourself on the world!
Someone say goodwill hunting?
A vast majority of business incubators are well-respected, connected and well-known in the business world. And as such, it stands to reason that this standing and goodwill gets ‘transferred’ to your business by mere association. Now, isn’t that a fine thing! This could be just the opportunity you were looking for, as this will help break barriers and open doors to new and greater possibilities, and enable you shatter to glass ceilings on your way to the top!