Solving the Problem

This opportunity stemmed from my frustration with thinking of the need that I wanted to base the rest of the semester on. I reviewed all my previous assignments, and while there were needs, nothing seemed like a tangible idea. I would also have a really hard time finding people who have the needs I identified, let alone people who don't. This constant thought of  ideas and needs led me to this: an affordable business incubator for the young business-minded entrepreneurs in my community to gather, work and collaborate. The concept would be a low-rent industrial space transformed into areas that entrepreneurs can rent to create their products or develop their ideas. Another component would be a curated team of professionals that offer services that startups often need. These services would be available on a contract basis, and the professionals would essentially work for themselves. A website developer, graphic designer, and coder are examples of professions that are typically done remotely. All I would have to do is find those people, develop relationships with them, and then offer them a space at the incubator to get more clients. I could charge a fee to them as they will be able to sell their services from my location. The space is meant strictly for startups. Clients would eventually grow out of the space, which is the incubator's intent and mission. I would probably find an inexpensive spot out by the colleges in my area. Embry-Riddle University does have a business incubator but only accepts clients that are in the development stage of tech projects. My incubator clients would be more diverse. The type of licensing I would have for my imagined commercial space would allow for light manufacturing and distribution of many different products in addition to applications and services.