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Targeted services -- Incubation programs specialize in start-up and emerging companies, with services designed especially for young companies' particular needs.
Intensive, ongoing assistance -- Whether your company resides in an incubation facility or takes advantage of an outreach program, you will receive one-on-one attention from business experts, day in and day out.
Links to capital and service providers -- Most incubation programs help their clients access debt and equity funding, as well as link them with service providers like lawyers and accountants who specialize in small business needs.
Specialized facilities -- Many incubators focus on particular types of companies, such as life science, technology, food or creative industries. These incubators have the facilities and equipment -- and expertise -- your company needs.
Corinna has chosen a well-known incubator Mtech, which is affiliated with the University of Maryland. Mtech's mission is to educate the next generation of technology entrepreneurs; create successful technology ventures; and connect Maryland companies...
They offer programs, courses, workshops and competitions to help aspiring entrepreneurs learn how to bring their ideas and products to the world (http://www.mtech.umd.edu).
4. As a woman-owned business, Anthrotronix faces obstacles that other businesses do not. If Lathan came to you for advice, what suggestions might you give her?
I would recommend that Anthrotronix apply for an 8(a) or SDB certification. This certification provides evidence that Anthrotronix is a woman owned and operated business. Status as an 8(a) business provides preferential treatment when bidding on federal (and often state) government projects. Government agencies are required by law to have a certain percentage of their contracts awarded to women and minority owned businesses. I would recommend that Corinna checkout the following websites for more information:
http://www.sba.gov/aboutsba/sbaprograms/gc/index.html
http://www.mwbe.com/cert/certification.htm
http://www.okcommerce.gov/Businesses-and-Employers/Certify-My-Business/Minority-Owned-Business
Entrepreneurship and Innovation Subject Q1) Do you think kickstarter is a viable alternative to raising equity funding or debt financing? If so under what circumstances? The growing popularity of the Internet has spawned crowdsourcing as new model of fund raising, pioneering by www.kickstarter.com. This innovative model is a distributed problem-solving and production model helping entrepreneurs and investors to launch a new product to the market place. From the novelty point-of-view, it is
Entrepreneurship How does a "low price provider, a low cost operator," that is committed to keeping quality and safety at the forefront of operations, "…achieve financial sustainability?" (Anant, et al., 2012, p. 1). This paper critically evaluates the article and offers an analysis of the business model employed with Lifespring Hospitals. The Lifespring Hospital Case The hospital got off the ground thanks to American money in the form of a venture capital fund
Finding ways to delegate authority is an important thing for entrepreneurs when they grow. When a company is in the beginning or high growth stage of the business cycle, there comes a point when the founder must let go some control so that the business can be more professionally run. The current business model is somewhat aimless, but oriented towards high end positioning. An alternate direction is that the business
Entrepreneur Description of the Business The business that I am starting is a food truck specializing in pulled pork sandwiches. The primary product is the pulled pork sandwich -- the pork is produced off site -- and it is sold along with a handful of complementary items (drinks, chips) in a food truck, essentially a mobile restaurant. The business will have two trucks to start, in order to cover a wider geographic
Burns (2007) indicates that the text is about that which motivates the actions and decisions of the entrepreneur, including the influence of personal social networks, family and personal background. Moreover, the text reports itself to be about the tasks of management which are associated with the entrepreneurial approach as well as how decisions are make, how risk is balanced and most essentially how there is a clear distinction between
Furthermore, during the same period there was an increase in the number of women-owned businesses in the 1-9 and 10-49 employment size categories. The idea that women do not make good entrepreneurs is countered by various facts, such as: "Research by Barclays Bank has revealed there are today nearly a third more women entrepreneurs than there were in 2000,...there are now 150,000 women-run enterprises across the UK, with the south