What types of companies can apply?
In order to be considered for our program, you must have an operating service based business.
Professional services would include examples such as; Real Estate Brokers and Agents, CPA's, Attorneys, Financial Advisers, HVAC, Plumbing, Architectural or Medical businesses.
Other service businesses that are acceptable include examples such as; Marketing firms, Content production, Consulting firms, publishing companies, fitness coaches, health and wellness businesses.
What are the dates?
We've re-designed our format to administer our accelerator program over 6 consecutive weeks with additional mentor/coaching support available.
Are there minimum revenue requirements?
Yes, We look for companies who are generating a minimum of $35,000/ year currently and capable of scaling to $150,000 / year within 12-24 months.
Companies who are currently at or near $150,000 in annual revenue will be asked to target $400,000-$600,000 in revenues within 12-24 months.
Is there a charge for team members to attend with me?
We currently allow each company to enroll 1 additional team member at no charge.
We offer discounted rates for teams of 4 to 12 people and may schedule special sessions for your team if desired.
What should I expect to get from my investment in the Ignite Business Accelerator?
You can expect to be challenged to collaborate, focus and work diligently on several key areas that small businesses struggle with that are critical to get right if you want to excel and be taken seriously in today's business environment.
We focus on helping you gain clarity in your messaging, pitch and content.
We help you position yourself as a recognized and influential leader in your industry.
We show you how to create and build a scale-able product ecosystems that nurtures relationships, builds trust and helps guide your customer and client acquisition process.
We introduce top experts who can help you answer legal and accounting issues as well as systems and operations specialist to refine your processes and truly build a machine that you can be proud of and one day potentially sell as a going concern.
Do I have to give up equity in my company?
No. We are a for profit business, but as a passion project to help entrepreneurs we work hard to keep our pricing affordable and at a level that doesn't require you to give up equity in your company.
Do you invest in companies?
Not at this time, however, we do make strategic introductions to investors, VC's and family offices from time to time. We are considering an in house VC fund in partnership with our affiliates led by StreamS Capital and will release details on that as more comes available.
What is the value of the accelerator program?
While subjective and sometimes difficult to justify, similar personal brand and business accelerators are sold at prices that extent to $15,000 to $20,000 or more. There are a number of Masterminds that are priced in the $20,000 range and often fail to deliver the quality of executable solutions that the Ignite programs provides. (and don't worry, you won't pay anywhere near $20k)
We often find our participants are able to double or triple their hourly rates almost immediately and because our reputation depends on success stories, we work hard to help you double your revenue targets within a year of completing the program steps.
Do the math! Does it make sense if you were able to double revenue and/or increase profitability even by 15% from what your're currently doing?
What is the cost of investment?
The introductory price for the program is $4,000 paid in full upon acceptance into the program.
If I'm unable to attend after I've been accepted, am I entitled to a refund?
Part of our program design is to keep the group sizes small and intimate. This helps build relationships and fosters an environment that provides constructive feedback and collaboration. In order to maintain that atmosphere, we only allow a limited number of individuals per group. Since it may be difficult to fill your seat once accepted we cannot offer a full refund. We will on a case by case basis offer a 50% refund if we are able to find a replacement in time for the cohort to start. This partial refund is circumstantial and at the sole discretion of Factory 114, LLC and its' management.
Participants who miss scheduled days throughout the program are not entitled to a refund or credit for missed days but we do welcome you back at any time to participate in future cohorts at no additional charge.
Did we miss something or do you still have questions?
Give us a call 813-393-1024
Send an email; firstname.lastname@example.org