3 Tips on How Knowing Your Numbers Relates to a Successful Business Model Advice from an Advisor Darren Fichtner What numbers should I measure? There aren’t a set of hard and fast rules that apply to all businesses. Knowing the best numbers to measure for your business will be impacted […]
VReese
43 posts
Executive Summary: A KSBDC client was having little success with an open job posting. Findings: The job posting wasn’t utilizing the optimum job title for the position. In addition, preferred/required tasks weren’t in terms utilized by applicants and on-line job boards. Excerpt from an e-mail to the client: “A job title of […]
CASE STUDY Executive Summary: A March 16, 2021 fire at a Clay Center, KS small business has ramifications for the community, the business owners, their employees and customers. Challenges: Read their Facebook Page entries, below, to see how a back-up location came into use, as well as the issue of data loss […]
CASE STUDY Your Kansas SBDC Advisor works with you. Executive Summary: A professional services and products company has exported to a handful of countries, but international trade has not been a major focus. Challenges: Company is an “accidental exporter,” in that they are reactive to overseas orders but they have done little to solicit […]
CASE STUDY Your Kansas SBDC Advisor works with you. Executive Summary: Client’s professional services business is breaking even but isn’t providing adequate net income. Challenges: Client is facing severe price pressure from current customers. Productivity is also low. Consultant’s (redacted) e-mail to a Kansas SBDC client on financial benchmarks, budgeting, revenue per employee and […]
CASE STUDY Your Kansas SBDC Advisor works with you. Executive Summary: Client wishes to convert to a non-profit. Challenges: Client’s business has faced severe challenges related to infrastructure and needs community assistance in order to survive and cash flow. Consultant’s (redacted) e-mail to a Kansas SBDC client on business strategy: “As we have discussed, […]
By Jack Harwell Have you survived the startup phase of your business? Are you looking to grow to the next level? The truth is (and you may not be ready for it) if you want to scale your business, you’ll need to rely on others to get things done. Yes, […]
By Jack Harwell Any business planning to enter a new market should first perform market feasibility analysis. This analysis provides insight into the industry and customers, and will improve its chance for success. Market feasibility analysis is the process of defining the business model and performing research to determine if […]
Written by: Justin Shadel, HCM Advisor, TPC / The Payroll Company On March 11, 2021, President Joe Biden signed the American Rescue Plan into law. The new law includes changes to the tax credits related to FFCRA, extended unemployment benefits, extended COBRA requirements, additional individual stimulus checks, and much more. […]
Barb Newman has been a frequent, eloquent and passionate guest speaker at our monthly classes for new business owners, sharing her experience and insights. The participants truly appreciate hearing from someone who has started their own business and her advice is always incredibly valuable. And, given the nature of Barb’s […]