Of the 15 companies that have been helped by UpTech, the Northern Kentucky business accelerator, over the last two years, 13 are still in operation. That is a great track record when you consider that half of all new-business startups fail. UpTech, which focuses on informatics and new ways to process, store, retrieve and use data, recently named the semi-finalists in its third class of entrepreneurs.
The entrepreneurial spirit is alive and well in Greater Cincinnati. Our region's economic climate and support networks are becoming more favorable each year to those looking to take the chance and start their own business. But it's still a risky proposition, and no one should start a company without doing their homework.
Patrick Burke, CPA, attorney and author, says everyone has a number, that number, if invested wisely, that results in zero financial worries for the rest of your life. The number that provides “exit velocity” from the gravitational pull of your financial needs. A number, he says, few of us will reach in traditional salaried jobs.
The sight of food trucks is relatively new in town, but over the last few years the number of trucks and carts serving a variety of foods, from Korean tacos to pizza to grilled cheese, along with ice cream, crepes and waffles has grown. Cincinnati is now home to more than 30 mobile food operators.