Case Study 4 Incubators.doc

Case Study 4 Incubators.doc - Case Study#4 Business...

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Case Study #4: Business Incubators (See articles in the folder for this case study on Blackboard) Name: Chelsea Guerin Background Information The articles provided talked about what business incubators are and how they help start-up companies. Successful entrepreneurs, such as Paul Graham and companies, such as ‘BHive’ believe in start-up companies and help them in various ways. Graham and BHive provide support, advice, financial assistant, and temporary office space to these start-up companies, referred to as ‘incubators’. BHive and Graham do this in hopes that the start-ups will eventually thrive, grow, be successful and graduate to a larger office space. The four different types of incubators are “The Niche” (which offers facilities and advice at reduced costs to companies that emphasize on something particular), “The University” (which offers access to equiptment and knowledgeable staff members at a college), “The Classic” (which offers access to computers and equipment, a space to work in at a reduced rate for rent, and experienced staff), and The Accelerator” (run by experienced business owners and investors and companies are given the chance to market their business to the investors and use this space for a certain period of time). All types of incubators help start-ups, business’ and students in different ways with one goal at task…to become successful. Source:
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Discussion Questions 1.) Discuss the relationship between time and reveue for a new business. Why would the incubation period be significant during the gestation-inception- prototype-rollout period? Successful business’ start off with some rough patches; possibly troubles with poor business plans, disagreements with partners, trouble with funding, etc. When you’re just starting up with your new business, it takes time to break even or make a profit. The more amount of work and time that you put into your business, you will most likely make a profit over time. The incubation period is significant during the
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