"Also, the incubator manager should be able to explain why business planning is important, both during start-up efforts and afterwards," she stresses.  "Some firms may never prepare a business plan, because they aren't eligible for venture capital, for instance, but they are the same companies that tend to make 'seat-of-the pants decisions,' and to lack a clear vision of their future."

While business incubators don't work magic, they do provide an encouraging place for young companies to make their start.  Oscar Wright, California's Small Business Advocate, is coordinating with numerous public and private entities to encourage and assist in the creating of incubators in the state.  Mr. Wright comments:  "Incubators are on the cutting edge of developing new and strategic tools for small business success and local economic diversity.  Incubators  afford each community an opportunity to address specific concerns germane to their own economic reality.  Hence no two incubators will be exactly alike, reflecting differing and divergent needs.  That's the beauty of the concept."

For information on the business incubators nearest your location, send a stamped self-addressed envelope to:

NBIA
One President St., Athens, OH 45701
or phone (614) 593-4331