Answers to the questions you may be asking yourself.
What is a business incubator?
Business incubators are programs designed to support the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. Incubators vary in the way they deliver their services, in their organizational structure, and in the types of clients they serve. Successful completion of a business incubation program increases the likelihood that a startup company will stay in business for the long term: older studies found 87% of incubator graduates stayed in business, in contrast to 44% of all firms.
What can I expect when working with Jireh Business Consulting's Business Incubator?
Those that have partaken in our programs have come to know us as innovators of service that is both nurturing and regimented. Our programs are suited best for those who are self-starters and motivated to learn creative ways to start and/or rebuild profitable businesses. Our staff is dedicated to imparting information and resources that increase immediate skill, position and investment. It is because of that those who enroll in our program look forward to cutting edge training, personal service and professionalism needed to get businesses up and running as efficiently as possible.
What do I need to have in order to get started with my business?
One of the most important attributes we ask our program affiliates to possess beforehand is a coachable attitude. One must be open to suggestions, challenges and shortcomings as it relates to business skills and talents. Another important key is understanding. We teach that businesses, no matter the size, don’t prosper overnight and that there is a process. All of our programming is psychological because we know that the process begins first in the mind. The last thing we ask is that the enrollee have a realistic budget where it regards investment. One of the biggest investments ever made will be in self, large or small; one must be prepared to invest for a return. Those are the things we believe greatly in and have confirmed as what’s needed to be successful.
How do I choose what type of business to start?
At Jireh Business Consulting, we counsel and coach each individual for the right fit. We know that choosing a business type and structure requires that you do engage a professional business consultant that is trained and licensed to assess if you are ready. Once such is established, we pair the a professional with the ventured professional assuring immediate productivity. We suit focus, mission and strategies and use a unique formula to outline the road to achieve the status. In short, we will know what type of business one is designed to own at our first contact and with follow up assure such is formed at a structure that is befitting.
Do I need capital to start my business?
Having capital isn’t necessarily required to start a business but those who are serious about advancing to the appropriate stages for advancement should consider what capital is needed and can be reasonably invested. That being said, yes it is highly suggested that there is a minimum investment. After all, one’s business is representative of one’s self.
Tell me more about the LLC?
Please refer to this link for an detailed overview of what a LLC.
What are the benefits of incorporating my business?
There are 3 noteworthy reasons to identify when considering incorporation. The first is when you incorporate you graduate your business sense. You progress from hobby to owner and you solidify that you are following state law by establishing the necessary licensees and permits required to do sound business. Another reason to consider when incorporating are the tax breaks involved. We pair our affiliates with seasoned professional accountants that know and understand tax law and communicate said breaks to the business owner. The 3rd benefit is one puts themselves in position for business to business deals. Those deals range from government contracts to grants to partnerships that will all increase the businesses bottom line for overall success.
I participate in an MLM company, would it benefit me to incorporate? should I incorporate?
Yes and No.
At Jireh Business Consulting, we advise our affiliates to strongly consider the motivation behind investing in any Multi Level Marketing/Direct Selling Business. If one considers the opportunity to get rich quick scheme or as a “side thing” we discourage the interest. On the other hand if one is interested in capitalizing off all of the opportunities to grow a business with other products and services before establishing their own we highly recommend such.