Newspaper article THE JOURNAL RECORD

SBA Advice for Small Businesses: How to Get Started at an Incubator

Newspaper article THE JOURNAL RECORD

SBA Advice for Small Businesses: How to Get Started at an Incubator

Article excerpt

Arecon Data founders Jeff and Marie Arms said their company's new product, Tally Wizard, may not be as successful as it is today without the help of an Oklahoma business incubator.

The company's Tally Wizard software tracks pipes for the oil and gas industry. It's not a sexy product, but it's one that fills a specific niche in a booming industry, said Marie Arms.

"We're an unusual business, and our software tracks and manages tubular goods," she said. "It's the hardest thing to track and it has to be done specifically because pipe is very expensive."

Jeff Arms created the software some 15 years ago, but in 2011, Arecon Data decided to bring the product to market. The company turned to the Moore Norman Technology Center Business Development Center's business incubator for assistance.

"We would recommend any business in the startup phase to join an incubator," Marie said. "The incubator provides us with infrastructure we would not have been able to afford otherwise. The leaders here have a lot of business experience, and the leaders provide support, marketing support and more."

The MNTC incubator also provided Arecon Data with a board of directors, and the other businesses in the incubator interact and help each other as well.

Gina Bertoletti of MNTC's Business Development Center incubator, said that success story is common for entrepreneurs who choose to use an incubator to help them grow.

"The BDC's resources and programs can help guard against areas of vulnerability during critical stages of development," she said. "On- site advisement with an experienced business owner, shared office resources, professional meeting rooms, networking opportunities and administrative support are some of the items that allow us to take an active role in nurturing new businesses."

Oklahoma is home to many business incubators that provide space for a number of small businesses under one roof. A typical business incubator provides:

* Shared services and office equipment. …

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