Page:  of 156
 
Define the Requirements and Characteristics
of the Incubator President 		15
Learn From the Experiences of Other Incubators 15
Develop a Feasibility Document 16
Address the Critical "To Be or Not to Be" Questions 16
Develop a Business Plan 17
Chapter 3: Understanding the
Financial Dynamics of Incubators 		21
Sources and Uses of Funds 21
Subsidy vs. Investment 31
Ramping Up to Self-Sustainability 32
Current vs. Deferred Revenue 33
Paths to Self-Sustainability: Three Models 35
Chapter 4: Establishing Roles &
Responsibilities of the Board 		47
Roles and Responsibilities of the Board 48
Optimal Board Composition and Size 56
Operating Procedures 59
Structuring the Board 59
Chapter 5: Managing the
Stakeholder Network 		65
The Costs and Benefits of the Stakeholder Network 66
Optimizing the Relationships 66
Establish Roles for Stakeholders 67
Implement Strategies for Effective Management
of the Stakeholder Network 		69
Chapter 6: Building the Incubator
Management Team 		73
Desirable Characteristics of an Incubator President 73
Structuring the Compensation Package to Recruit and Retain
an Ideal Incubator President 		77
Effective Strategies for Staffing an Incubator 78

-x-

Questia, a part of Gale, Cengage Learning. www.questia.com

Publication Information: Book Title: Growing New Ventures, Creating New Jobs: Principles & Practices of Successful Business Incubation. Contributors: Mark P. Rice - author, Jana B. Matthews - author, Laura Kilcrease - author, Susan Matlock - author, Julius Morgan - author, Robert Sherwood - author, Robert Meeder - author. Publisher: Quorum Books. Place of Publication: Westport, CT. Publication Year: 1995. Page Number: x.
    
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