GROW

(Improve Business Results)

STRATEGIC PLANNING

While easy to get caught up in the day to day demands of your business, the need to take a breath and see where your business is at in the marketplace is critical for long-term success.  

  • Business Plan & Financial Projections:  Your Kansas SBDC Advisor can help you create/update your Business Plan & Financial Projections given where your business is currently situated vs where you would like to see it grow.  

  • Industry Comparisons:  Your Kansas SBDC Advisor has access to tools to help you see where your performance compares to others in your industry.  The value of this can help you discover where to examine for cost savings as well as where to invest for greater profit opportunities. To have the Kansas SBDC walk you thru the Industry information for your business, contact our 7 day per week Assistance Center at (800)949-7661 to schedule a same/next day meeting today.

FUNDING OPTIONS

When applying for a traditional bank loan, SBA loan, or a grant, there are certain criteria that most lenders look at. We help you assess your needs and work with you to identify the best funding options for you and your business as well as the steps you must take to meet the criteria.

  • Loans & Grants: For a helpful overview on Loans & Grants click here.

  • Loan Steps: Helpful Steps in getting your loan

  • Crowdfunding - Crowdfunding is an alternative source of funding by which a certain amount of money is gathered by several individual contributors to fund a specific project, invention, or business. Kickstarter and IndieGoGo are examples of crowdfunding platforms that you can use to raise additional funds. Your advisor can work with you to decide which platform would work best for you and the steps necessary to launch your crowdfunding campaign.

  • Investor Pitches - Pitching to investors is somewhat of an art form. Your Kansas SBDC advisor can help you prepare an effective pitch that explains your business idea, addresses perceived risks, and illustrates a future return for the investor.

  • Capital Access Center(CAC) - The CAC, part of the Kansas SBDC, is a consulting service to small business owners needing Capital (Loans, Lines of Credit, etc) or that have "Ask a Banker" type of questions that they would feel more comfortable asking the experienced staff at the CAC vs asking their own bank.

SBA BUSINESS CERTIFICATIONS

 

SBA Business Certifications (Minority, Women Owned, Veteran):  These designations can help significantly with Government Contracting and sometimes help with special Grants or Funding programs.  Your SBDC Advisor can help you understand these programs but the actual certification is thru the SBA itself.

EMPLOYEE MANAGEMENT & DEVELOPMENT

Employee Management: The Kansas SBDC can work with you on typical Employee Management activities such as hiring/terminating/laying off processes, rules & regulations, staff roles, and manuals. 

Employee Development: It’s one thing to have employees, its another to maximize their potential for your business.  Your Kansas SBDC Advisor can work to highlight training programs (including training grants if applicable) to help better turn your employee’s “potential” into “reality”.

MARKETING & SALES

Today’s competitive environment requires small businesses to periodically revisit their marketing strategy in order to be successful. For Kansas SBDC business clients, we help simplify "all things marketing," including creative ways to market your business and how to market on a limited budget. We make it manageable for businesses to evaluate their advertising, promotion, and sales effort.

  • Online Marketing (Websites & Social Media like Facebook, etc).  As COVID showed, businesses need an online presence now more than ever.  For businesses needing some extra help in this area, our 7 day per week Assistance Center (800)949-7661 can help you understand (& possibly help set-up) your website & social media page options. 

  • Exporting: Many times overlooked or not fully understood, Exporting can prove to be a worthwhile marketing/sales effort for many businesses. There are special Grant/Funding Programs available to assist Exporters.  Your Kansas SBDC Advisor can work with you to better understand if this might make sense for your particular situation.

  • Strategy: Your Kansas SBDC Advisor can work with you to better understand a straightforward Marketing Strategy for your business (including how to position yourself vs competition thru pricing, promotions, distribution, marketing materials, etc).  

  • Classroom Projects: Additionally, from time to time, the Kansas SBDC working with our College/University Host Institutions have opportunities for Class Projects where college student teams evaluate & make suggestions for your business.  These student projects will typically run throughout the semester and can cover many different topics (typically Business Plans, Marketing Plans, Advertising, etc), if your timing can match up with the semester requirements this could be very beneficial for everyone. 

FINANCIAL RECORDKEEPING

 
  • Understanding Financial statements: This doesn't have to be a headache. We help you understand the raw materials from which your financial statements (P&L, Balance Sheet, CashFlow) are constructed, including invoices, deposits, accounts receivable and accounts payable, and much more. We help you make sense of the numbers that allow you to keep your business's financial health in check. 

  • Understanding Accounting software for your business, specifically QuickBooks. Why QuickBooks?  It’s the #1 accounting software used by small businesses.

  • Sales Taxes: There are lots of different Sales Tax Rules depending upon your business, so we routinely offer training seminars with Kansas Department of Revenue presenters so you have access to the definitive experts on what you have to comply with (& just as importantly, there are some things you may be doing that you could do differently to save money!)

  • Putting the Numbers to use with Key Performance Indicators (KPI’s): You are tracking all this info about your business, but are you using those numbers to help you operate better?  Many times the answer is no, let your Kansas SBDC Advisor help you use those numbers for Projecting/Budgeting and Goal Setting for your business to help lessen some of the “negative surprises” that can occur when running a business.

 

PROTECTING YOUR BUSINESS

  • Cybersecurity has become a very serious issue that more and more small businesses are becoming aware of. The Kansas SBDC can help you understand the risks that many businesses face. We can provide tips on how you can avoid becoming a victim in a cyberattack and help you create a plan to protect your business.

  • We understand that small businesses are the heart of any community. This is why it's important for businesses to have a continuity plan in place to mitigate the negative impact of any type of business interruption, such as natural disasters, fire, or theft. The Kansas SBDC can advise you on continuity strategies including obtaining capital during and after the event, finding ways for your business to stay connected throughout a disaster, and more.

  • A thought that comes to mind for many entrepreneurs and business owners is how to protect your work. If you're in need of a trademark or patent, your advisor can walk you through the steps you need to take to ensure you protect your intellectual property.

  • Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.