Understanding your startup’s current phase is essential to accessing the right resources and making smart growth decisions. Below are the three key phases of a startup’s journey. Which one describes where your business is today?
You have a great business idea, but you’re still figuring out if it’s viable. In this phase, you’re conducting market research, defining your target audience, and possibly creating a prototype or MVP (Minimum Viable Product). If this sounds like you, you may need support developing a business plan, securing initial funding, or learning the basics of business operations. Our partners at LAUNCH Chattanooga and the Tennessee Small Business Development Center (TSBDC) specialize in helping entrepreneurs like you get started with the right foundation.
You’ve already validated your idea, and you may have launched your product or service. Now, you’re focused on gaining traction, increasing revenue, and establishing your customer base. This is where you’ll benefit from strategic guidance on marketing, sales, and operations. The INCubator’s program is designed for startups in this phase that are looking to grow their business, expand their team, and build a scalable model. Addition resrouce partners at this stage would be Proof Incubator, The Urban League, ChaTech as well as CoLab.
Your startup is established, generating consistent revenue, and you’re ready to take things to the next level. This phase is all about scaling your operations, expanding into new markets, and optimizing efficiency. If your business is in this phase, the INCubator can provide the tailored support you need to streamline operations, access funding opportunities, and build a strong leadership team for sustained success.
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