Monthly Archives November 2011

Business incubators have traditionally supplied start-up and early stage companies with a place to reside in addition to a range of business support services. In decades past the provision of a physical office location was invaluable for new companies and entrepreneurs starting out on a new venture. However, in the modern business world this aspect of business incubation has become more of a limiting factor. Whether your business is localised or has the potential to go global, locking yourself into a physical location just because that is where the incubation program resides makes very little sense. That does not mean you should not have an office. Whilst some businesses can start out from the garage or spare room in your home, ultimately a proper and physical office presence somewhere will be required. When you need a presence virtual office services are readily available at affordable rates in all major cities around the globe. In addition to physical office space most offer a simple corporate identity package which gives your business the prestigious address without the cost of real estate. Another reason that physical premises are no longer a benefit of the business incubation model is that technology has removed the need for many basic office services to be delivered from a specific location. The modern day entrepreneur is able to receive and make phone calls, scan and receive documents, or even send faxes (if their clients still live in the late 20th century) online and via mobile devices; they can meet online and be up-to-date with every important aspect of their business in real-time leveraging enterprise strength cloud technology for minimal cost. A package of real business support and services is the thing that is needed to help start-ups and early stage companies succeed. This has always been the corner
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Categories: Business Expansion, Business Growth, and Business Services.

Business incubators provide programs intended to facilitate the rapid and successful development of ventures. A business incubator provides a collection of business support services and resources either directly or through a network of trusted third party professionals. The way in which the business incubator delivers services and the form and substance of those services will vary with each incubator. The organisational structure of the incubator and the type of clients each incubator will serve will also vary. Start-up companies that successfully complete a business incubation program have an increased probability of long terms success. Some studies from the USA suggest almost twice as many graduates of incubation programs stay in business compared to all start-up companies. Incubators are often confused with research and technology parks. Most business incubators are different to these establishments by their general focus on start-up and/or early-stage companies. The usually large scale of research and technology parks lends itself better to established corporations, government organisations, university labs, and small companies, not in start-up or early stage. These large-scale facilities generally do not offer business assistance or support services. Such business and support services are the cornerstone of business incubation. Interestingly, from time to time you will find incubation programs housed in research and technology parks. Business incubation is an effective way to grow your fledgling business. Business incubation programs assisted more than 27,000 companies in 2005 in North America alone. This provided jobs for over 100,000 employees with the incubated companies generating $17 billion in annual revenues. Link to this post!
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Categories: Business Expansion, Business Growth, Business Services, and Technology Services.