Incubators cater to startups and early stage companies, who are in the beginning stages of building their business. It all starts with the founders’ idea. From there, the incubator helps the founder develop a business model and a roadmap to transform the idea into a reality.
When you are working on your business plan or applying for funding, financial statements are crucial. You simply cannot justify your business without a solid bottom line. Investors, lenders, and grant committees need to know the numbers that illustrate business growth. Investors need to see the return on their investment and lenders need to see that you will be able to repay your loan.
Starting your own business brings along many challenges and decisions – choosing the name of your business is one of the most important decisions you will make. Your business name can influence the success of your business. The right name for your business will help customer connect with your brand and convey meaning. The wrong name will lead to headaches, misunderstandings, and legal risks.
The United States Association for Small Business and Entrepreneurship (USASBE) ranks the UW-Whitewater Entrepreneurship major as a top Entrepreneurship Program in the nation. In addition to the practical courses and accredited program, student entrepreneurs have access to unique opportunities to develop their business idea, test their entrepreneurial skills, and make connections.
As a business owner or entrepreneur, you wear multiple hats and need a multitude of skills – business planning, accounting and forecasting, HR and recruiting, branding and marketing, sales, etc. As your business grows, there will likely come a time where you need to ask advice. A business coach is ally to have on your team!
The business outreach centers not only offer faculty and professional staff expertise, but also employ student interns who work on a project basis with businesses to gain applied business experience. The following organizations are located on campus in the Kachel Center on the first floor of Hyland Hall..