Existing Business

Each entrepreneur client will be given their own personal portal into the GrowthWheel software platform. Clients will start by reviewing all twenty of the GrowthWheel business focus areas, and will then select three focus areas that they, along with their business advisor, feel will be the most impactful in scaling their business to greater success.

After identifying three key focus areas, clients will be lead through a series of tasks utilizing GrowthWheel’s online toolset of detailed Decisions Sheets and Action Plans.

After completing Action Plans for the first three focus areas, clients will then proceed to repeat the process with the next three focus areas critical for their success.

Click here to apply to join our FANG Incubator Program.

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What is the name of your business? How long have you been in business?*

Is your business home based or do you have a store front?*

Are you working your business full time or part-time? Any employees?*

What are your current revenues and how have they grown or declined over the past 2-3 years?*

Explain what advantages you have over your competitors (i.e. lower prices, faster service, unique technology, etc.)*

Tell us about your current customer base. Has your customer base grown over the past 2-3 years? If yes, explain what you did to grow your base. If no, explain why you think you haven't seen any growth.*

Explain in detail the biggest challenge(s) currently affecting your business?*

Do you experience any seasonality in your business? (i.e. increased business during Christmas; decreased business during summer when college kids are not in town, etc.)*

Are you in need of additional capital to fund your business? If yes, how are you going to acquire funds? (self, bank loan, investors) If outside investors, how long before you pay them back?*

Tell us about your reason for wanting to be a part of the incubator (open new location, expand customer base, become more efficient, etc.)*

How do you maintain your financial records? (Bookkeeper, QuickBooks, etc.)*

How much time away from the business can you afford to be away on a weekly without unduly hurting your income and/or sales?*

Please attach any pertinent documents (i.e. business plan, financial/bank statements, etc.)

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FAMU SBDC’S Business Incubator

Existing Business

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