Montgomery County Community College is helping encourage those interested in starting an LLC or other small business through a new entrepreneurship certificate program and business incubator, the Pottstown Mercury reports.
The certificate program will offer small business owners four three-credit courses covering various aspects of starting a corporation and running it successfully, from business incorporation to management.
“The biggest obstacle to starting a business is not knowing what to do,” Amit Singh, dean of the school’s business and computer science department, told the paper. “An artist may know how to paint a picture, but he probably doesn’t know how to commercialize, deal with financing or manage a cash flow.”
To help companies get off the ground, the business incubator will give entrepreneurs use of individual offices, computers and phones for $250 per month – much lower than comparable commercial rents.
Startup companies that take advantage of business incubation programs have a much higher rate of success. The National Business Incubation Association says that in the past, its members have reported that 87 percent of companies that graduate from incubators are still in business.
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