The world is constantly changing; new technology, scientific discoveries, fashions, and methods keep appearing every day. For any businessman, particularly entrepreneurs, it has become vital to keep up with the trends in order to grow, but more importantly, to survive in a globally competitive market.
Continuous improvement is difficult, and many between comfort and habit stagnate with methods, processes, and mindsets of the past that are becoming increasingly obsolete. Meanwhile the competition does not stop, and this is how many companies are left behind until they disappear.
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Business Accelerators / Development Programs
To avoid becoming obsolete, there are business acceleration or business development programs that help entrepreneurs update their working methods in all relevant work areas.
A business accelerator is a program that provides access to tutorials, investors, mentors, exhibitors and many other types of support that help businesses develop further and become stable, self-sufficient, avant-garde businesses trained to meet international standards.
In addition to the mentoring and investment opportunities, a business accelerator provides companies with access to logistics and technical resources, as well as a shared office space. The program also connects companies with other companies and fosters business relationships between them, networking!
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How long is the program?
An acceleration or development program can last from two to six months depending on the intensity of the curriculum. The goal is for companies to emerge ready to compete in a globalized world and grow their operations, with a strong position to claim a part of their target markets.
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Who is it for?
These programs are usually designed for entrepreneurs, directors, senior executives, or those who have the authority to establish radical changes the company or business. This is to make a true impact by handing the information directly to those who have the power and can make the most of it. Like this, a “broken telephone” situation is avoided.
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How can a business accelerator program help me?
Entering a business accelerator program helps in many ways. First, they present you with invaluable information and data in a silver tray. Experts on the issues and experienced entrepreneurs come together to talk about the typical mistakes that can be avoided, things that should be prioritized, and even the things they wish they could have done differently. All this so they're prepared in the future when facing similar challenges.
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A business accelerator also helps leaders improve their sales pitch. All things start with an idea yet if one doesn’t know how to explain it, it won’t matter if they have the best idea in the world, nobody will finance it. These programs give training so next time they have to present their idea or business venture in front of investors the participants will not only be more prepared but will deliver it with confidence.
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Accelerators help businessmen close contracts, evaluate their company, and find out its weaknesses and areas requiring improvement. However, one of the most valuable things a business accelerator can give its participants is the network. Human relationships are always essential to make any business grow and there is nothing better than networking with other leaders who also seek constant improvement and innovation.
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