Purpose Services Layout Contact Info Tenants Business accelerators assist in the growth and development of new ventures. New businesses often fail because of poor cash-flow management and a lack of overall business management skills. By sharing resources in The STAR Center's nurturing environment, small businesses have access to facilities, equipment and experts that otherwise may be financially or logistically out of reach. This reduces the risks that small businesses have to take during their first critical years of existence and provides a support network of contacts and consultants that businesses can rely on once they leave the accelerator. Another benefit of The STAR Center is that the participating businesses are recognized as legitimate businesses.
Tenants have an office, access to meeting and conference rooms and administrative services.
A professional image can go a long way in ensuring a business's success. For example, potential customers won't be frustrated by a phone that is never answered, as is the case in many home-based businesses. In The STAR Center, new businesses are supported by the accelerator's professional staff. The accelerator's manager and business development experts can guide fledgling businesses through tough times. While professional advice is important, another advantage of starting out in an accelerator program like The STAR Center is the emotional support tenants receive from each other.