A business owner could easily spend 25 percent of his or her time
just handling employee-related paperwork, according to a Small
Business Administration study. If finding that kind of time is
difficult for the owner of an established company, it's really tough
on entrepreneurs just starting out.
Owners of startup companies need all the time they can get just
to establish their business. This is especially true for the owners
of startup biotechnology companies, since they are likely still
researching and developing their products.
While time is precious, the legal considerations and the impact
on work force quality make human resources a subject that is not to
be taken lightly. The solution for many business owners with more
tasks than time has been to outsource human resources services to a
professional employer organization, or PEO.
Dale Hageman is president and CEO of Accord Human Resources, an
Oklahoma City-based PEO. Hageman also serves as president-elect of
the Oklahoma Venture Forum, a nonprofit organization designed to
support and entrepreneurs in the state.
Accord is making a concerted effort to market their services to
biotechnology startup companies, said Hageman. We have a commitment
as a company to the biotech community and to their growth, because
we think it's a great economic development (tool) for Oklahoma City,
said Hageman. If Oklahoma City is more prosperous, then we're all
Formerly the chief financial officer for commercial real estate
firm Price Edwards & Co., Hageman founded Accord 12 years ago.
Today, Accord serves more than 700 clients in 48 states, managing
human resources services for more than 11,000 employees. Revenues
for 2002 exceeded $350 million.
The Oklahoma Venture Forum, or OVF, holds monthly meetings in
downtown Oklahoma City where investors, entrepreneurs and others
come together. Hageman joined OVF about five years ago.
I got invited by a couple of the current board members - one
attorney and one banker, said Hageman regarding how he got involved
in the OVF. They wanted representation from small business on the
board, and a growth company.
They knew we were already working with a lot of small companies
and startup companies and helping them, and that's part of what (OVF
is) about, Hageman continued. We had some connections and some
insights, maybe, that would be a little bit different. And we were a
growth company ourselves, so we'd been experiencing some of these
things on our own.
Hageman become more involved in the network of companies and
state agencies that works to support technology-based startups. The
Oklahoma Technology Commercialization Center, under contract with
the Oklahoma Center for the Advancement for Science and Technology,
works to connect entrepreneurs with the people who can help them
Several biotech startup companies in Oklahoma are located within
the Presbyterian Health Foundation's Research Park in Oklahoma City,
which works in partnership with several federal, state and local
agencies. A number of other foundations and public-private
partnerships exist for the purpose of helping entrepreneurs succeed
in their efforts to bring more highly skilled, highly paid jobs to
Oklahoma. The organizations involved in the process often refer
entrepreneurs to companies and agencies that can help them, such as
Though Accord's typical client has between 10 and 200 employees,
the company still takes on biotech startups that sometime only have
a handful of employees. We feel these are going to be the future
great companies in Oklahoma and the U.S., so we provide them with
the same services as the big companies, said Hageman.
Current Accord biotech clients include Anodyne Technologies, ARL
Bio Pharma, Commercial Technology Group, DNA Solutions, Ekips
Technologies, Intergentics and Zymetx.
Dealing with benefits and tax administration can be very
distracting, said Hageman. …