Wednesday, May 31, 2023

When Opportunity Knocks…

Across the board, the entrepreneurs I work with have a wide range of impressive skills and talents. This frequently opens doors to numerous opportunities and gives them the ability to cater to diverse customers and projects. As such, it’s easy to be enticed by every opportunity that comes their way, to avoid missing out on potential growth. However, I often like to remind my clients that “just because you can…doesn’t mean you should”. In other words, just because you possess the skills to do something doesn’t mean it’s the best use of your time and resources.

An often overlooked factor when determining whether to take on a new client/customer, project, partner, etc. is the concept of “opportunity costs”. In the context of your startup, this means that every choice you make comes at the expense of something else, sometimes other potential opportunities. And so, by saying Yes to one idea, you may inadvertently be saying No to another.

Therefore, it’s essential to carefully evaluate whether the opportunity at hand currently makes sense for you. To assist with this assessment, here are some questions to ask yourself:

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New Clients

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Nearby to our Downtown Incubator! Learn more about its user-friendly and modern app that services two types of users, parkers and listers by clicking here.

In the News

Lake County to get new UCF Business Incubator-Eustis in August

UCF Business Incubation Program Adds Leadership Training to Services

LOOLA Expands to West Coast with New Sales Arm

Crewlink Launches New Platform to Connect Pilots with Planes

Spot Appoints Donna Rayburn as CFO and Chad Maycumber as VP of Engineering

LOOLA Brings on New Project Coordinator

Women in Tech & Entrepreneurship Orlando chapter to launch this month

Eustis Enters Partnership with UCF for Business Incubator

National Meeting Charity Turns to LOOLA for Key Event

SmartX Technology wins top prize in the global RFID Journal Awards

UCF Business Incubation Program Congratulates its Fire Award Winners

Disinfectant startup Kismet Technologies debuts new manufacturing facility near Orlando airport

Introducing Orlando Inno's 2023 Fire Awards winners

UCF Business Incubation Program Brings on New Executive

Capacitech Energy landed a $1-million grant from the National Science Foundation

Timeplast, working to eliminate traditional plastic products, raised more than $1 million through the crowdfunding platform StartEngine

UCFBIP is seeking mentors for its 2023 Spring/Summer Mentorship Cohort Program

Studio Calathea Rebrands as LOOLA

UCF Business Incubation Program Congratulates FlowIntell

UCF Business Incubation Program Congratulates Tonya Oxford, CEO, Global Technology Integrators

2023 Innovators to Watch: Christina Drake, Founder of Kismet Technologies

Volusia County Business Incubator Launches WoW Fridays

Upcoming Events



How to Start Your Business

If you’re thinking of starting a business, it’s important to take the right steps. This three-hour in-person seminar will give you an overview of what to know, actions to take, and how to avoid common missteps to give your company its greatest chance of success. Join the Florida SBDC at UCF for this free event!



One Million Cups

1MC takes place every Wednesday morning at our Orlando Incubator.

Sign up to talk about your business and share your accomplishments with the community!



Business Ethics 2023

On the first Wednesday of every month, we will explore how Stoicism can help in setting business goals and managing growth. This course is focused on Applying Ethics to Technology. This series is designed for business CEOs, managers, and entrepreneurs in Central Florida. The goal is to focus on stoic leadership.



Government Contracting: Overview

The “Government Contracting Overview” seminar, presented by the APEX Accelerators at UCF in partnership with the Florida SBDC at UCF, is designed for established small business owners with some commercial momentum that are curious about government contracting, as well as business owners that may already be involved in government contracting.



2023 Fast 50 and Fire Awards

Fast 50 Awards: Join Orlando Business Journal as we honor 50 of Central Florida’s Fastest-Growing Companies, ranked by percentage of revenue growth from 2020-2022. All honorees are privately-held companies in Orange, Seminole, Osceola or Lake counties. Fire Awards: Inno on Fire is our annual celebration of the innovators, big and small, people and organizations throughout the Central Florida. Inno on Fire is designed to showcase those who are making the biggest impact on our local ecosystem.



2023 Aerospace + EmergingTech Forum

Space Florida and the Florida Venture Forum, Florida’s largest statewide support organization for investors and entrepreneurs, are pleased to announce the 2023 Aerospace + EmergingTech Forum. Four finalists will share $100,000 in prize money provided by Space Florida!



Marketing Basics

A webinar providing an overview of the marketing process for small business, as well as a close look at all elements of a marketing plan. Marketing is the driver of revenue growth and an imperative for small business success. Topics include the traditional four “P’s” of marketing – Product, Place, Promotion, and Price – as well as three new “P’s” with special application to small businesses – Positioning, People, and Planning. Register at GoToWebinar



SBA Workshop: Blueprint to Build a Successful Joint Venture Package

This Live workshop will provide an overview of how to build a successful Joint Venture package that conforms to SBA regulations. A joint venture agreement or JV is an arrangement between two or more businesses to team up to accomplish a particular business goal. A joint venture may be formed to fulfill a project or business activity, such as when a foreign company wants to enter the local market. Joint ventures may only be temporary, but businesses can enter a JV agreement for short-term or long-term undertakings.



Critical Conversations: Celebrating Freedom and Advancing DEI in Orlando

The Orlando Economic Partnership invites you to join in Critical Conversations: Celebrating Freedom and Advancing DEI in the Orlando region. Hear from Orange County Commissioner Mike Scott (District 6), Migdalia Figueroa, president & general manager of Telemundo Orlando, Tampa and Fort Myers, and Hope Newsome, co-founder & managing partner of Virtus LLP, on leading with intentionality, operationalizing diversity and inclusion, and what businesses can do to make an impact in the Orlando community.



PS27 Black Founders Forum Presented by JPMorgan Chase & Co

Apply now to participate in the Entrepreneur Showcase. Five companies will be selected to pitch. One winner will be eligible to receive a 250,000* investment.



tenX Tech Wall Street Takeover

The Metacenter and the Orlando Tech Community proudly invites you to join a night of showcasing some of the amazing tech innovations our great city has to offer! Meet the community leaders responsible for spearheading the cutting-edge tech scene of central Florida. Featuring Black Orlando Tech, Orlando Devs, Orlando Innovation League and Central Florida Tech Grove. This tenX tech event is open to all interested in the exciting innovations coming to Orlando. You will not want to miss the big announcements we will be sharing and partnerships with the region's brightest tech organizations.

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Is the BIP for you?

Our award-winning program provides business development and operational support to early-stage technology and innovation-driven businesses throughout Central Florida. We offer three programs that are each designed to help businesses at different stages.

Click here to see if our Traction, Growth, or Soft Landing Program is a good fit for you!

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