Are business incubators right for you?

Going it alone can be frightening—especially in business. Many entrepreneurs jump directly from corporate American’s seemingly endless capital into a shallow pool of few resources and little experience in running a business. But when they find support, that intimidating leap can become much easier to bear. From shared expenses to sounding boards, small business incubators often provide the comfort entrepreneurs need.

“The biggest benefit for me was the collaborations and shared ideas and information with my cohort,” says Colette Glover-Hannah, the president and CEO of Hannah’s Shoebox, an online store that sells age-appropriate shoes for tweens. Hannah-Glover joined an incubator at the University of Tampa, which also has a program for seasoned business owners to share best practices with startups.

Read more about business incubators in the July/August 2020 issue of ONYX Magazine. Get your in-home subscription today.

 

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