The Partnering for Success feature in Chapter 1 focuses on start-up incubators and accelerators. According to the feature, participating in a start-up incubator or accelerator is an excellent way to ________.
A) learn how to write a business plan
B) prepare to become a franchisor
C) gain access to mentors, partners and investors
D) learn how to conduct an industry analysis
E) prepare for a job in a major corporation

Question

Quizplus · Accepted Answer

Participating in a start-up incubator or accelerator provides access to mentors, partners, and investors, which can be crucial in helping a start-up succeed. While participants may also learn some of the other skills listed (such as writing a business plan or conducting industry analysis), the primary benefit is the networking opportunities. Becoming a franchisor or preparing for a job in a major corporation are not mentioned as benefits of participating in an incubator or accelerator.

The Partnering for Success Feature in Chapter 1 Focuses on Start-Up