How Business Incubators Work
The basic facts on an alternative to being homebased.
Incubators are organizations sponsored by public and privateinvestors that assist start-up and young companies in theircritical early days with a variety of well-orchestrated businessassistance programs. Incubators provide hands-on managementassistance, access to financing, shared office services, access toequipment, flexible leases, expandable space and more, all underone roof.
The time your business can spend in an incubator islimited-usually two years-but it can vary. The idea is to get afledgling business off the ground, turn it into a sound operation,then let it "leave the nest" to run on its own, makingroom for another start-up venture in the incubator.
Excerpted from Start Your Own Business: The Only Start-Up GuideYou'll Ever Need