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Stories and insights from the incubator at Lorain County Community College

Creating a Winning Business Plan for Your Startup

Business Plan Image

Anyone can come up with a great idea. It’s taking that idea and turning it into a business that can be difficult. Before you start hiring employees or renting office space, you need to first construct your business plan. Devising a well thought out business plan will help you stay organized and focused, and will increase your startup’s chance for success.

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The Most Important Startup Question

question

When building a startup company, there are steps you will need to take. But before you get into constructing the business plan, there is one question you should first address; am I solving a real need, or a perceived need?   

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The Most Important Personality Trait All Business Leaders Should Have (And You Should Too!)

humility

When characterizing a great business leader, words such as confident, persuasive, or assertive probably come to mind. However, according to a recent study, there is a trait that's even more valuable when it comes to good leadership. A recent study by The Wall Street Journal identified humility as one of the most important traits for a business leader to possess. 

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The Beginners Guide To Content Marketing

content marketing

Although the concept of content marketing has been around for hundreds of years, it has recently become increasingly popular due to the rise of the internet and social media. Content marketing differs from traditional marketing approaches in that it isn't focused on the company's brand, products, or services. It's all about the target audience. What matters to them? And how can you offer them something no one else can?

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Can Hedgehogs Make Football Safer?


If you have ever seen a Hedgehog before, you may wonder how the quills on their back work. When a hedgehog falls, its spine functions as a shock-absorber and protects it. If these quills could somehow be replicated for humans, they could potentially offer similar protection. This is where Hedgemon, a Cleveland-based technology startup, enters. 

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SPR Therapeutics Revolutionizes Pain Relief with New Medical Device

SPR-Therapeutics

How SPR Therapeutics is Changing the Game with new Nerve Stimulation Technology 

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How can I help you?

Bennit AI founders
Manufacturers ask and AI technology answers

The following article on Bennit AI was featured in Impact magazine and written by Beth W. Orenstein 

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Measuring glucose levels in saliva

NanoBio Systems
How NanoBio Systems is using Desich SMART Commercialization Center equipment and the help of LCCC interns to commercialize its technology

To measure glucose levels, those with diabetes must suffer the frequent – and painful – finger pricks required of most home monitors.

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A winning partnership

Nordson SMART partnership
Work with SMART Microsystems yields big wins for Nordson – and the region

Nordson Corp.’s Lorain County roots run deep.

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Success in 3-D

As additive manufacturing explodes, MakerGear gets spark from LCCC’s Fab Lab

In the early days of 3-D printing, MakerGear founder Rick Pollack bootstrapped a small business making components in his Shaker Heights garage.

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Cracking cybersecurity: What businesses need to know

As cyber criminals become increasingly sophisticated, digital crime has grown at an alarming rate, motivating businesses of all sizes to strengthen their cybersecurity protocols and hire new talent.

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How a startup becomes a scale-up

Jim Walborn of Banyan Technology
Cliff Reynolds of GLIDE

All successful companies start as an idea, but at some point, that idea has to generate sales if the business is to succeed.

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Mastering business fundamentals for startup growth

Watch Simon on WKYC

With a doctorate in engineering from Case Western Reserve University, Simon Melikian knew a lot about building technology when he founded Recognition Robotics.

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The One Question Every Entrepreneur Should Answer

I was in Tuscaloosa, Alabama visiting my mother-in-law a few weekends ago.  One of the things I always do while I’m there is visit the University of Alabama. That got me thinking about the entrepreneurship space. 

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Pitching your startup to investors? Be ready to answer 3 questions

Entrepreneurs: when pitching to investors, you need to stay focused on only a few key items. While most likely you will be asked about many different aspects of your business, there are three elements you need to understand and be able to discuss in depth and with clarity. Most entrepreneurs would prefer to discuss their product or business idea, because that's what they've been focused on developing for months or years. But investors only have one goal—making a return on their investment.

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How a Favor Helped Launch this Fast Growing Business

Gordon Daily of BoxCast
boxcast device

It all began at a funeral home on Cleveland’s west side. The funeral director wanted to help families with the grieving process when not all members could travel to attend the service. He asked his tech-savvy friend Gordon Daily to help.

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A Startup Giving Stroke Victims Hope

Ocellus Vision Therapy team

Every year nearly 800,000 people in the United States have a stroke. One-third of the survivors experience vision loss. This team plans to give them back their sight.

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Why Startups Should Always be Raising Money

Money makes startups fast.

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A Reality Check for Your Startup Expectations

As you begin your journey as an entrepreneur what are your expectations? If you’re like many new entrepreneurs, you’re probably thinking you have a great idea for a new business. You assume you’ll dedicate your time and talents to your startup for the next year or two, get it to positive cash flow in three years, and in five years you will be in control of your destiny. You’ll be in charge of a profitable business venture with opportunities to either grow it or sell it.

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5 Mistakes Startups Make when Negotiating License Agreements

Negotiating a license agreement is hard, especially when you’re the small, young company in the deal. Here are the top five mistakes startups make when negotiating.

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