Turn A Small Business Into A Sustainable Enterprise

You can use startup accelerators such as the Riverside Center for Innovation to help you grow your business or business idea into a sustainable enterprise. Here’s why you should seek advice from an economic development company such as RCI:

(Curated from Tech.Co)

• Making connections and networking with others within your chosen industry is an essential step to generating success for your business.

“For entrepreneurs who live outside Silicon Valley, it’s tremendously valuable to be able to connect with like-minded entrepreneurs and investors in your area. If you haven’t had a chance to get involved in your local startup scene, this will be an excellent opportunity to do it. Most entrepreneurs find that simply being exposed to insightful mentors makes the experience worth it, although there are many more benefits to participating in an accelerator. You might come away with new friends, potential partnerships, and possible investors, all of which will benefit your startup.”

• RCI will teach you how to answer the questions you haven’t thought of yet or even consider options you didn’t know you had. If you have a very specific idea of what you want out of your startup, you might be limiting your business before you’ve even begun.

“Accelerators can encourage you to think bigger about your startup by breaking free from imagined limitations. An accelerator can teach you more about your product or service and help you answer important questions about your company, like ‘who is my target audience?’”

• Working with a startup allows you to use all of their resources and expertise. You can practice your pitch with experts and receive useful feedback before approaching investors.

• Participating in a startup program such as those offered by RCI gives entrepreneurs the opportunity to work near other startups and to scope out the competition. You can learn what other entrepreneurs are doing differently and what works for them.

“Even if the products and services are vastly different from your own, you’ll take away some important lessons and learn from others’ mistakes. Conversely, other startups will be able to learn from your pitches. It creates a really educational environment that can spell success for smart entrepreneurs who are willing to listen.”

How else can startup accelerators help you turn your business into a sustainable enterprise? Contact us to find out!

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