Using Business Incubators When Starting a Business
Using Articles and Research Papers
Written by Chukwuma Asala for Gaebler Ventures
How can you leverage articles and research papers to your advantage? Read on to find out.
Business Incubators provide a number of services for startup companies looking for support in the successful launching of their business.
One of the resources most incubators will offer is a number of different articles or research papers on a wide range of topics with regards to entrepreneurship and business. Entrepreneurs can browse the websites and find these research papers or articles and glean the knowledge they are looking for fairly quickly granted they know what they are looking for.
Most of these articles will aid entrepreneurs in the following ways:
Reduce mistakes
Most small startup businesses don't have the capital to hire consultants. Keep in mind that a database of articles and research papers can be just as good, if not better, than an expensive consultant who will charge you by the hour or by the project. You are bound to make a lot of mistakes but using an incubator will help limit the number of mistakes you make.
Saves time
One of the biggest advantages of using these databases of articles and research papers is that you save yourself a lot of time, energy, and money. Because a lot of the information you are getting is from credible sources such as business owners, business students, consultants, executives, etc, you can be confident when applying whatever knowledge you get from these articles. Learning by trial and error takes times, but learning from someone else's mistakes takes minutes.
Cuts costs
This goes back to the earlier statement about hiring external consultants to help you with your business. Every business is made up of a number of different departments. To initially structure these departments effectively will require some money be set aside to hire a consultant. But at its inception your company usually will be too small to warrant any consulting services but that won't make them take it easy on you when it is time for payment. Leverage the resources of the incubators to initially give yourself some structure that your business can operate fairly effectively with.
Gives you all the information, not some
There a literally thousands of articles and research done on every aspect of starting and effectively launching a business. What this does is it gives you both hindsight and foresight. You can take a peek into the future and do research on what to expect fives, ten, and fifteen years down the road, and you can also focus on the first ninety days if you choose to. The goal is to make sure you are not surprised by anything that happens in your business and you shouldn't be, because you're not the first person to ever get in business. Everything you need to know in order to be successful you can find if you search hard enough.
Chukwuma Asala is an international student from Nigeria who is studying to earn an MBA from the State University of New York in Albany. He has analyzed more than 20 industry case studies throughout his education thus far, and hopes to bring some of his business knowledge to Gaebler.com.
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