Virtual Incubator Faq

How do I know if I can make money with my business idea?

The key to successfully selling in any kind of business is to clearly understand an important problem you can solve, or need you can meet using your specific experience and skills.

And then to craft a solution or satisfaction that you can show is superior to what currently exits.

You can do a quick evaluation of your business idea by writing down two short paragraphs:

Paragraph 1 – What problem do I solve/need do I satisfy?

Paragraph 2 – What is my solution/satisfaction?

How does the program work?

Our mission in the Virtual Incubator coaching program is to assure that you never have to wonder what to do next.

To achieve this result, we guide you to use three powerful resources to move from your good idea to launching a great business.

Online Planning Program

You prepare to complete each decision and organizational task presented in the week-by-week planning calendar by reading the step-by-step instructions presented in the online course. This training and education prepares you to make the greatest outcome for each coaching call. Using a simple log-in, you can enter the course as often as you wish…from your smartphone, tablet, laptop or desktop computer.

Live Coaching Calls

Your Virtual Incubator coach explains each decision and task; teaches you new business skills; encourages your forward movement; and answers your planning questions. Your coach is also available to answer your questions via email in between live calls.

Support Team

Some of your organizational tasks can be more quickly and professionally completed by using an expert service provider. We have assembled a team of such experts to assist you in completing these tasks, ranging from designing your logo and business cards, to designing and launching your company’s website, to installing and using accounting software.

What does the program cost? What is included?

The VI program cost combines expert one-on-one guidance by a VI Coach, full pre-launch business planning work and all necessary startup services. The complete startup planning process includes 30-some decisions and tasks.

Enrolling in Virtual Incubator is Very Affordable

The cost of the full Virtual Incubator program is $5,000 which includes all coaching sessions, unlimited access to the online planning course and tools, and a series of business startup services (See complete list of services provided below).

You pay an advance deposit of $2,500 when you enroll in the program. Payment is via the credit card link in a digital invoice sent to you via email.

You receive a second digital invoice in the amount of $1,250 30 days after enrollment.

And a third digital invoice in the amount of $1,250 60 days after enrollment.

This split payment plan helps you budget your investment and permits you to see tangible progress in the building of your business before each payment.

The Virtual Incubator Program Fee Includes:

  • Unlimited access to the online business planning course, by laptop, smartphone or tablet.
  • 6, 60-minute telecoaching sessions with an expert Virtual Incubator coach. (Additional sessions can be added as necessary).
  • Business identity logo.
  • Domain name selection and registration (for one year).
  • 500 full-color business cards.
  • Website hosting account setup (hosting fee paid for first year).
  • Fully-functioning business website, including set up of business email address.
  • LinkedIn Business Profile.
  • Professionally-written selling copy for homepage of company website.
  • Set up of email marketing account (client pays monthly fee).
  • Registration of a Limited Liability Company (LLC). (Registration fee for first year included).
  • Purchase of QuickBooks accounting software plus technical assistance installing software and setting up accounts.

Program Contract

All prospective VI clients receive a written Work Plan proposal which they review and approve via email before they are officially enrolled in the Virtual Incubator coaching program.

Payment Terms

All payments are via credit card.

All payments are tax deductible as a business expense for your business. You receive a digital invoice for each payment for you to keep for your tax filing records.

 

Can I launch any kind of business?

Yes, you can.

Over a typical year we help launch a wide variety of business types, ranging from consultancies to e-commerce web-stores. We particularly specialize in building successful new businesses around the sale of knowledge and step-by-step training, a wonderful, new, low-cost, high-profit business model that turns experience into attractive income.

Is the planning work customized to my kind of business?

Every successful business needs to complete some common decisions, such as selecting your business location, and common tasks, such as acquiring a business logo. Your Virtual Incubator coach assures that all of these foundation decisions and tasks are professionally completed.

Where the individuality comes in is in crafting a marketing and selling strategy that connects your unique skills and mission with a documented need in the marketplace.

Your Virtual Incubator coach leads you through a step-by-step marketing planning process to discern your business’s unique competitive advantage; guides you to set realistic sales and profit goals; and leads you to create reliable sales prospecting and customer service plans.

Your Virtual Incubator coach also advises you on a number of organizational steps that directly relate to your desired style of business management. An example is how our support team guides you to legally register your business.

Can I see a few examples of Virtual Incubator clients?

Wired Lotus
www.wiredlotus.com

Heights Financial Management
www.heightsfinancialmanagement.com

Prosper Parenting
www.prosperparenting.com

 

How long before I officially open for business?

Our proven new business planning process is based on your new business being ready to officially launch in less than 90 days from your first coaching call. We have found that if a Virtual Incubator client invests the suggested amount of planning time each week, dependably participates in all coaching calls and responds in a timely fashion to requests for information from our support team, that the new business should be ready to officially start soliciting business in 12 weeks after planning starts.

Can I receive additional in-depth help on specific tasks or with new management skills?

Yes, you can.

Your Virtual Incubator coach has immediate access to a variety of knowledge experts, ranging from copy editors, to graphic designers, to accountants, to IT and sales prospecting pros, to mention a few.

As you progress with your business launch, your Virtual Incubator coach is continually evaluating your need for more in-depth tutoring or guidance and when recommended he will introduce you to the appropriate member of the Virtual Incubator network

Please note: This cost is in addition to your agreed-upon Virtual Incubator coaching package price. Supplemental assistance will be presented first to you in a short proposal, including pricing. Our network expert will only commence work with you upon you upon your formal approval.

 

Didn’t find the answer?

We offer answers to a number of commonly asked questions about the Virtual Incubator program. If we didn’t anwer YOUR question please send it to us using the form below and we promise a quick reply from one of our expert coaches.

Find out how well your idea fits the marketplace

Schedule a call with an expert coach

Let’s work together

We are pleased to work with very talented, experienced individuals who wish to turn work they love into a fun and rewarding business enterprise…more than 1500 to date!

Address

126 E. Wing Street, Suite 321                           Arlington Heights, IL 60004

Phone

847-305-4626

Get in touch