Consider Joining A Co-Working Space (18/75)

Consider joining an industry specific shared-work space such as a kitchen incubator, church kitchen, or even partnering with a restaurant and using their kitchen on off-hours—which often coincide with the “on-hours” of startup founders who are simultaneously working a full-time job. Incubators and shared-work spaces act as a proxy to capital in early years when growth is risky, and provide micro-enterprises to prove their concept before breaking ground and to reserve operating capital for high-priority expenses such as research and development, trademarking, personnel acquisition, marketing and branding. According to research conducted by the National Business Incubation Association, it is estimated that 87% of businesses that graduate from established incubator programs are still in business within five years, versus 50% of those that have not had this support.

Contributors: Josephine Caminos Oria from  La Dorita Cooks Kitchen Incubator