Thursday, June 3, 2010

Notes from NBIA (National Business Incubator Association) meeting

We just returned from our annual meeting of the NBIA. For those of you who are involved with incubators - here are some notes I took during the sessions. Sorry I don't usually have references!

  • The most useful skill for Incubator Managers is the ability to manage stakeholders.
  • 7 People every Entrepreneur should know: banker, accountant, attorney, coach, technologist, insurance agent and marketer.
  • Give your advisory board a goal of bringing/sending X number of prospects per quarter to the incubator.
  • can do background checks for $25. (Have to check on that one!)
  • Be sure to invite local politicians and legislature representatives to your incubator events - even if they don't come, they will note your activities.
  • Understand the differences between the SBA 504 program and 7a loans
More to come...

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