Diamond Author
Garage Startups have the advantage of doing more with less, but it is very easy to outgrow a garage, this I can attest too. But even before that happens these innovators, the life-blood of new ideas and concepts need assistance. So, this is why local incubators of technology and new concepts with commercial value need to exist. In some places they do, but not to the degree needed to allow the US to stay at peak performance.
Local incubators need areas for testing for robotics, etc. of the prototypes. The incubators also need a few people who get it such as; consultants, executive, handy man, secretaries. And perhaps some equity sharing for to pay for this team, as well; then the executive and assistants would be it really, keeping it simple. Small operation, but could expand easily or upscale fast.
As such an incubator grew, it should be duplicated in a phase II program; franchised if you will. The franchisor "if franchised" would keep a unit available running as the model, where training could be done for Cities, or Economic Development Associations, Universities, etc. who wanted to buy into the concept. They'd pay the franchise fee, small royalties, and 1% of equity in all projects goes to franchisor - "1% of a 100 people, instead of 100% of one person" theory. At that point a management team would be put into place.
The system "if franchise model was used" would have a working unit, and training would be done by shadowing and discussing it all. As regional units across the country are running at full capacity, they'd be training too. A state might wish to set up 5 of these units in its major cities. $50,000 franchise fee each, 5 million in improvement costs to them - maybe more.
Recently, I discussed this with an economic development association chief in a major US city and he mentioned his less then vibrant "downtown" area he'd been working on. Sure, but if the Economic Development Association and city leaders want to make it a show case that adds costs. But it might be worth it to them for the PR, as everyone will be happy that it's being done. "One of the Most Advanced Cities in the World" I guess is his comment. Please consider all this.
About this Author
Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes it's hard to write 20,000 articles; http://www.bloggingcontent.net/
Note: All of Lance Winslow's articles are written by him, not by Automated Software, any Computer Program, or Artificially Intelligent Software. None of his articles are outsourced, PLR Content or written by ghost writers.
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