Why Every Kansas Small Business Should Utilize the Small Business Development Center
Kansas is known for having a thriving small business community. Over 95% of businesses in Kansas are classified as small businesses. Small businesses are important for the Kansas economy, especially in rural areas. However, running a small business is not an easy task, especially in the current economic environment. This is where the Small Business Development Center (SBDC) comes in. In this article, we will explore the benefits of utilizing the SBDC for Kansas small businesses.
What is the Small Business Development Center?
The Small Business Development Center is a program that provides confidential business counseling and training to small business owners and entrepreneurs. The program is a national network of centers that are funded in part by the Small Business Administration (SBA). The Kansas SBDC is hosted by Fort Hays State University and has been providing services to Kansas small businesses for over 30 years.
Why Should Kansas Small Businesses Utilize the SBDC?
1. Free and Confidential Counseling: The main advantage of utilizing the SBDC is that it offers free and confidential counseling to Kansas small businesses. SBDC counselors are experienced and can provide guidance in areas such as business planning, financial analysis, marketing, and management. This service can be particularly useful for new entrepreneurs who may not have the necessary expertise in these areas.
2. Access to Training and Workshops: The SBDC offers training and workshops to small business owners and their employees. These workshops cover a wide range of topics such as social media marketing, financial management, and legal issues. The training and workshops are designed to help small businesses improve their skills and knowledge, which can ultimately lead to higher profits.
3. Assistance with Accessing Capital: The SBDC can also help small businesses access capital through loans, investment, or other means. The SBDC can provide guidance on the types of funding available and help businesses prepare the necessary documentation to apply for funding.
4. Market Research and Analysis: The SBDC can provide market research and analysis to small businesses. This information can help businesses make informed decisions about product development, pricing, and marketing strategies.
Success Stories
The SBDC has helped many small businesses in Kansas achieve success. One example is the Wichita-based company, Smart Chicken. The SBDC provided the company with assistance in business planning, market research, and marketing strategies. This guidance helped Smart Chicken become one of the largest organic poultry producers in the country.
Another success story is the Topeka-based company, PTMW. The SBDC assisted the company in developing a strategic plan and introducing lean manufacturing practices. With the assistance of the SBDC, PTMW was able to increase profitability and create new jobs.
Conclusion
The Small Business Development Center is an invaluable resource for Kansas small businesses. It provides free and confidential counseling, access to training and workshops, assistance with accessing capital, and market research and analysis. By utilizing the SBDC, small businesses can improve their skills and knowledge, increase profitability, and ultimately achieve success. It is recommended that all Kansas small businesses take advantage of what the SBDC has to offer.
