Les McKeown's Predictable Success Blog
Five years later the program was an outstanding success, had won the European Union Job Challenge Award and we were replicating it throughout the UK and beyond.
I believe there were three main success factors:
1. The program was conceived and delivered by hardened entrepreneurs who were compensated for success;
2. The local government agencies pump-primed initial start-up costs then got out of the way, and
3. We made the first few cohorts exceptionally competitive to get into, carefully selected only high potential participants, and delivered early, headline-grabbing successes – this drove the program virally and produced a great pipeline of motivated applicants for future cohorts, as well as enthusiastic partners and sponsors who wanted to become associated with the program for their own PR purposes.
Short version: business incubators don’t have to fail.
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