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2007-01-20 16:57:16 · 2 answers · asked by futbol1723 1 in Business & Finance Small Business

2 answers

Check and see if there is a Restaurant Incubator in your area.They give you funding, technical and business support. And you are housed with other start up food businesses but none like yours. So you have a ready made clientle. Your rate of success is 90% when located in a Restaurant Incubator. Check out San Diego restaurant incubator, it is doing great. All are listed below. Much Success!

Business incubators are organizations that support the entrepreneurial process, helping to increase survival rates for innovative startup companies. Only entrepreneurs with feasible projects are admitted into the incubators, where they are offered a specialized menu of support resources and services. The resources and services open to an entrepreneur include: provision of physical space, management coaching, help in making an effective business plan, administrative services, technical support, business networking, advice on intellectual property and sources of financing. The incubation process is intended to last around 2-5 years.

Business incubators can be private or public. Private incubators are for-profit firms that take equity or receive a fee for the business services they provide to their clients. In essence, they are a consulting firm that is specialized in new firm creation. In the last twenty years, many developed and developing countries have started large systems of public business incubators to encourage and assist entrepreneurship. In many cases, public incubators are designed to stimulate the development of new products and services in high-tech industries. For science-based business incubators, an effective collaboration with universities and research institutions is essential to motivate researchers into taking the risk of initiating a company.

Incubators have many partners in addition to universities. Since new firms require finance to grow, incubators have close relationships with many kinds of investors. Seed capital and venture capital funds, business angels, and banks provide most of the seed and start-up capital for incubated companies. Since business incubators are powerful economic development tools, they collaborate actively with regional and national government agencies, from which they often receive financial grants. In many countries, business incubators have national associations to represent their interests and organize meetings where best practices are disseminated.

2007-01-20 18:20:27 · answer #1 · answered by BellaDonnaRev 3 · 0 0

the position are you? How a lot is the lease? Are the conceivable spots already approved, or do you should practice? competition from huge chains? The eating position agency is really hard. you want to be particular with the above issues, and one thousand extra. Are you utilizing from the kinfolk, or outdoors? you want a strong line on a food distributor. Are you putting off a private loan? Do you've a strong line on a hardware distributor? adorning the position? those are all belongings you want to stipulate in a agency plan.

2016-12-02 20:06:48 · answer #2 · answered by plyler 4 · 0 0

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