Incubators can reflect an ambition
THE first Global Business Incubation day was staged last Wednesday and was dedicated to the promotion of the benefits and opportunities for business in an incubator.
Business incubators are environments designed to help start-up enterprises with plans for high growth. They provide flexible space and leases, access to general office facilities such as fax and copy machines and access to meeting rooms – anything a young business needs is taken care of so that entrepreneurs can focus solely on developing their business.
Many people start up in business and the best option is to work from home as it cuts costs and is extremely low risk. Others set up in business and due to the nature of that business they need work space to accommodate staff or equipment.
The purpose of a business incubator is not to simply offer space but to help a small enterprise to grow.
Businesses will come to the incubator with growth plans and ambitions and they will be helped through the development process every step of the way. Business support from Incubators is an invaluable resource for young enterprises, whether it is helping them network, take on staff, expand to a larger office or even helping them find their own premises when they’re ready to move on.
The primary goal of a business incubator is to produce successful businesses that are able to operate independently and financially viable so that they can move on to their own premises once established as a sustainable business.
The incubator process is a very viable route for new businesses to take in tough economic conditions as many start-ups in incubations across the country have survived the recession thanks to the expert support from the teams at their work space, and those who have struggled haven’t had to worry about being trapped in long-term leases thanks to the flexible terms offered by incubators.
If your business has scope for high growth, an incubator can reflect your ambition – why not find out more and plan for your success?
To find out more about business incubators in your area and Global Business Incubation Day visit www.ukbi.com
:: Carole White, business support manager, Tedco
