Did you ever work with an incubator in your high school Biology class? You might have used it to grow bacteria but what’s important to understand is that the role of an incubator is to take something small and undeveloped and make it larger and more organized.
The perfect way to remove a large portion of the risk involved in a business startup is to not go all-in at the beginning. If your startup allows for opening the business on a part time basis, that’s the perfect way to grow your business without risking your current career and your finances.
Many people develop brilliant business ideas after careful research and reflection. But actually starting a business requires more than a sound idea. A new company must have solid operational principles. Uncertainty about managing day-to-day details causes too many prospective entrepreneurs to hesitate launching a business.
You’re going to need money. That’s a fact, but you’re probably not going to score a meeting with a venture capitalist or angel investor before your business opens its doors but the way you pitch your idea to family and friends may be the difference between getting the funding you’re looking for and putting your […]
The problem is well known within the small business community. Although Washington might say that the environment is better for business startups looking to open their doors for the first time, the reality is much different. Funding sources are hard to find and without capital, businesses in the beginning phases of development find it difficult […]
The optimal path to success when starting a business is targeting an expanding market. One of the reasons is that rising interest in a type of product inspires buyers to examine new options. Plus, angel investors are eager to provide backing to startups offering innovative options to eager consumers.
The problem is simple: There aren’t enough people who have dreams of being an entrepreneur and according to those in the know, the days may be gone where young people take the traditional route of going to college, graduating, and working for a big company. The problem is that big companies don’t tend to grow […]
The Space Shuttle Atlantis is currently on it’s last mission and represents the last mission of the Space Shuttle program. From here, the business of sending people in to space will become a job of, largely, private businesses at least here in the United States. NASA believes that privatizing the space program will not only […]