Marketing Plan For A Business Incubator Essay - 1004 Words

Implementation: For a business incubator to be considered successful its goals should be clearly defined and its business plan should be reasonable. On the long term, incubators are expected to offer affordable valuable resource to it consumers. A service rendered by a business incubator is training personnel’s in business planning and organizing. Incubators should be effectively managed and help aid company growth. The implementation of Kera and Pat’s business incubator would be discussed from three (3) points of views. They are: Immediate term Implementation Short-term implementation Long-term implementation Immediate Implementation: These refer to the actions that Kera and Pat can do in less than 6 months to start their incubator. Having applied for the incubator and gotten it, the next thing to do is; Set up a strong management board with advisory groups: an advisory group is a body of individuals who are chosen to advise business owners on issues relating to the business. They are experts who help to run the business. It is very important for Kera and Pat to establish a strong governing body that is made up of an advisory group because they can help then with their growth plans, provide business credibility and offer variety of opinions since it is made up of people with different talents and opinions and specialties. They also have connections outside the company which they can call on when the need arise. It is beneficial to the incubator to have links with peopleShow MoreRelatedEconomic Development For The Jefferson County Conducted By Laronda Joy Davis1236 Words   |  5 PagesEXECUTIVE SUMMARY Introduction This business plan addresses a variety of issues associated with creating and operating a business incubator to foster entrepreneurship in Pine Bluff, Arkansas. It was developed based on the findings and observations of economic development for the Jefferson County conducted by LaRonda Joy Davis. 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