I have a business idea!

Created by Majid Mahmood

Student at University of Applied Sciences Bremen

I have a business idea!

What do I do?

A few questions to ask to oneself?

• Do I want to be an entrepreneur?

• Do I know if the business will be successful?

• Have I done planning?

• Do I know what resources I need?

• Do I have the necessary finances for it?

If you want to be an entrepreneur…

• Realize the idea your self.

• Go to an incubation center for help in realization of the idea.

Do you know what a business incubation

center is?

If not…

A business incubator is “Business incubators nurture the development of entrepreneurial companies, helping them survive and grow during the start-up period, when they are most vulnerable. These programs

provide their client companies with business support services and resources tailored to young firms.”

Source: NBIA: http://www.nbia.org/resource_library/faq/index.php

The reason to go to a business incubations include

• Access to professional business facilities

• Availability of business development support: learn how can you start/improve the business.

• Networking: Get connected to the industry

• Cost saving: you do not have to lease an expensive place for rent

• Framework to develop professionally

Where can I find an incubation center

• The number of incubation centers is growing constantly.

• They might be there linked with universities / might be operational as separate bodies.

• Google them, Look at NBIA ( www.nbia.org) to find the nearest incubation center

Check out the video

https://www.youtube.com/watch?v=Pmuk--ms-9E

To understand the process of entrepreneurship.

Start your business in an incubator if you do not have knowledge about entrepreneurship.

Good luck with the entrepreneurial journey