Compare and contrast business incubators with networks and support groups as sources of advice and support for entrepreneurs

What will be an ideal response?

Answer: Many cities across the country have local networks of entrepreneurs. Some entrepreneurs meet regularly in small groups to analyze each other's progress month by month. Having to state your plans and decisions to peers and being accountable for results can be an invaluable reality check. Some groups focus on helping entrepreneurs hone their presentations to potential investors. In addition to local in-person groups, social networking technology gives entrepreneurs an endless array of opportunities to connect online.
Business incubators are centers that provide "newborn" businesses with various combinations of advice, financial support, access to industry insiders and connections, facilities, and other services a company needs to get started. Some incubators are not-for-profit organizations affiliated with the economic development agencies of local or state governments or universities, some are for-profit enterprises, some companies have internal incubators to encourage new ventures, and some are run by venture capitalists.