Using a Home to Incubate Start-Ups
I’m currently thinking about this question:
How may start-ups can you incubate at home?
NOTE: A start-up is a new company that’s pulled together to tackle a business opportunity. It doesn’t have to be an Internet social media venture with aspirations of being the next Facebook. It can be small, modest, and fast to market. An incubator is a company that helps entrepreneurs launch start-ups, usually by housing them and giving them a bit to live on.
The reason I’m asking this question (and yes, it is a question that’s a bit new to the ear), is that I think the BEST workplace of the future is the one that you create for yourself.
Fortunately, the barriers to becoming an entrepreneur are lower than they were even a decade ago. Some recent innovations have made creating a “start-up” easier than at any time in the history of the world.
I also believe it is even easier to become successful (attaining the dream and doing it in a way that makes you and your family better off for doing it) if you leverage your home to incubate numerous start-ups, and keep the goals of each start-up modest and attainable.
For example, a start-up in this context can be as simple as building a chicken coop and selling some of the excess eggs to neighbors. Neighbors that currently buy organic eggs but would love to buy organic eggs that are also local and fresh! Given the price for eggs of that quality, it wouldn’t be hard to make an extra $2-3,000 a year from that business w/o much effort.
It would be easier to set-up, find customers, and keep customers happy if there was a site that connected people that wanted fresh organic eggs to source of neighborhood supply (there is). Using software like that, most of the uncertainty and management associated with operating the business could be minimized.
It could also be a product business, that uses the home as a place for product R&D, prototyping, assembly, and shipping of a product start-up. For example, a novel take on an irrigation system that automates some of the work involved. The financing of this modest start-up isn’t likely to come from traditional channels (they wouldn’t find it interesting, and even if they did, they would charge too much for the money). However, it could be a strong candidate for customer financing from a site like Kickstarter or Indiegogo (one of the best ways to raise money since it tests the concept against the marketplace before it gets built).
So, now that you have the basic idea, how would you answer the question:
How many start-ups can you incubate at home?