Seattle Community

Richard Gabel
Coworking, Office Space and Meeting Rooms / Strategic and Business Planning Consultant
Issaquah, Washington
Posted by Richard Gabel, Issaquah, Washington | Dec 25, 2010

Subscribe to Business Advice Would you benefit from a business incubator?

As an owner of a business center, I've been asked to create a business incubator many times. I have finally succumbed to this idea. I'd be interested in hearing from entrepreneurs their ideas about business incubators and what services they would find most important. Please help me get this right.


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10 Bizniks have posted replies

  • Holistic Business Coach 
Portland, Oregon 
Taylor Ellwood
    Posted by Taylor Ellwood, Portland, Oregon | Dec 31, 2010

    Can you explain what a business incubator is?

  • Chief Executive Officer 
Federal Way, Washington 
Richard Whitaker
    Posted by Richard Whitaker, Federal Way, Washington | Dec 31, 2010

    I think that it is a great idea Dick. Let me know how I can help.

  • Coworking, Office Space and Meeting Rooms / Strategic and Business Planning Consultant 
Issaquah, Washington 
Richard Gabel
    Posted by Richard Gabel, Issaquah, Washington | Jan 01, 2011

    Taylor,

    A business incubator is a place that is geared for nurturing start-ups and early stage businesses through the critical early years. This sometimes involves facilities for locating a business or a periodic place to meet with clients, suppliers and advisors.

    A broad spectrum of educational topics are covered. Most entrepreneurs have a very limited business background, so this type of offering is essential. In addition, entrepreneurs and a number of experts will meet regularly to discuss development issues, critique strategies and offer mutual support.

    The quid pro quo for all of this is usually that participants get real about their businesses and have business plans and are help to them.

  • Coworking, Office Space and Meeting Rooms / Strategic and Business Planning Consultant 
Issaquah, Washington 
Richard Gabel
    Posted by Richard Gabel, Issaquah, Washington | Jan 01, 2011

    Rich,

    Thanks. I'll let you know how things develop.

  • Holistic Business Coach 
Portland, Oregon 
Taylor Ellwood
    Posted by Taylor Ellwood, Portland, Oregon | Jan 04, 2011

    Well I think social media would be one service you'd want to include. Yes I know its talked about ad nauseum at times, but so many businesses jump in or avoid it without really understanding it.

  • Chief Executive Officer 
Federal Way, Washington 
Richard Whitaker
    Posted by Richard Whitaker, Federal Way, Washington | Jan 11, 2011

    You might consider offering a business start up kit which could include information about legal requirements, financing, business management, etc. Oh, and office space options.

  • Tax Professional and IRS Representation 
Blaine, Washington 
Bill Bradfield, EA
    Posted by Bill Bradfield, EA, Blaine, Washington | Jan 11, 2011

    Richard,

    Good idea. Most people I deal with do not have any idea about what it takes to run a business, from a financial and legal point of view. For example, what is the best business entity for my business? How should I track my profit and loss?

    Including a business 101 class with follow-ups would be good for start ups.

    Bill

  • Certified Public Accountant 
Seattle, Washington 
Laura Dodson, CPA
    Posted by Laura Dodson, CPA, Seattle, Washington | Jan 11, 2011

    Did you have a particular business segment in mind? Technology, Manufacturing, Restaurant, Retail, Construction, and/or Service companies?

  • Certified Public Accountant 
Seattle, Washington 
Laura Dodson, CPA
    Posted by Laura Dodson, CPA, Seattle, Washington | Jan 11, 2011

    Speaking of which, what ever happened to the "Hives" that Biznik was promoting a year ago? Are the groups still operating?

  • Coworking, Office Space and Meeting Rooms / Strategic and Business Planning Consultant 
Issaquah, Washington 
Richard Gabel
    Posted by Richard Gabel, Issaquah, Washington | Feb 06, 2011

    Sorry, I lost track of my own post. Given my location, I'm looking at technology and services. I don't know much about the restaurant business other than it's a good one not to get into. I have quite a bit of manufacturing in my past, but there just isn't a lot of that in the area.