Four Considerations to weigh when choosing an incubator include the following:
- Is it a True Incubator?—some office building owners falsely advertise themselves as incubators in order to lure tenants. Entrepreneurs need to study the details of each offer to determine whether such claims are legitimate.
- Length of Operation—"Incubators take time," some may go beyond their stipulated periods.
- Incubator Leadership—many analysts contend that entrepreneurs can learn a great deal about the fundamental quality of an incubator program simply by studying the program's leadership. Is the incubator managed by people with backgrounds in business, or by general college or agency administrators? Can the managers provide long-term business plans that show how they intend to guide the incubator to financial independence?
- Location—does the incubators’ setting adequately address your fledgling company's needs in terms of target market, transportation, competition, and future growth plans?
- Financing—is the incubators, financial base a reliable one, or is it on shaky ground?
marto answered the question on January 30, 2019 at 08:50
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