One of the biggest challenges of running a business is simply getting it started in the first place. It can take a lot of time, effort and resources to build the momentum needed to turn a profit — and when you've already put your heart and soul into your business idea, it can be frustrating not to see an immediate return.
For business owners who want to move this process along faster, one option is to participate in an accelerator. Success stories from popular programs like Y Combinator and Techstars make the accelerator approach seem like an attractive path, but that doesn't mean rapid growth will come easily and effortlessly. Here's how to determine if it's the right choice for your company.