#YouCreateKC: How to Scale Your Business in Kansas City
We hope 2016 was very kind to your business. What goals do you have for 2017? Tell us on social media with the hashtag #YouCreateKC.
Do you want to grow your team and increase your positive impact in your community? Are you ready to seriously increase your revenue to give your business legs? Have you been stuck in the startup phase for too long and it’s time to move into the realm of second-stage businesses? (What’s with all the lingo: learn all four entrepreneurial types.)
Well, you came to the right place. KCSourceLink is ready to help you start—and grow with a full entourage of Resource Partners ready to help you reach your goal:
Business owners know that scaling a business is just as difficult as starting one. (Harder, maybe? We’ll leave that up to you.) Like any tough task, it’s best to begin with an actionable plan, which is exactly what you will do in GAME: growth through action, measurement, engagement.
The next GAME series begins Tuesday, January 24 (go here to apply.) Each series includes five workshops ($99 for the entire run) that include networking, group counseling and study sessions. Business owners can sign up for the entire series or pop into any of the following classes:
1/24 - Create a Systematic Framework for Growth
2/7 - Develop Competitive Advantage through Quality
2/21 - Increase value and profits by Understanding your Customer’s Value Chain
3/7 - Evaluate Growth through Diversification, Market or Product/Services
3/21 - Ensure Alignment of growth strategy, vision, and culture
Ready to grow? Get your GAME on.
Resolution: Review hiring practices
From: Matt Campbell, Workforce Partnership
Who: Established employer
Good luck growing your business without a strong, reliable team. Whether you have 1 employee or 100, hiring decisions are time consuming, costly, delicate and incredibly important to the vibrancy and longevity of your business.
If you’re located in Kansas, Workforce Partnership is here to help with employer resources including candidate recruitment and screening, proficiency testing, customized assessments, training solutions and free online job listings through www.kansasworks.com
Head to our Learning Center for more resources on attracting and retaining the right employees. If you just started growing your team, the U.S. Small Business Administration’s eight steps for hiring your first employee is a great place to get started and you can always give us a call for more support and guidance: 816-235-6500.
One way to scale your business is to find a new, reliable customer who wants to purchase a lot of what you have to offer; how about the government? PTAC, in Kansas or Missouri, is prepared to help your business secure government contracts.
Their counselors assist in developing a government marketing strategy and identifying agencies that purchase your product or service. And PTAC’s web based bid-matching service searches in excess of 2,100 federal, state and local sites each business day.
Get your feet wet by attending an upcoming “Competing for Government Contracts” course. Search our calendar for the next available class. And always turn to PTAC when you need assistance:
reading and understanding government solicitations
completing government registrations
bid preparation (explaining forms, regulations, clauses, etc)
Resolution: Apply for a loan
From: Kimberlyn Jones, EDC Loan Corporation of Kansas City
Who: Business looking to grow
You’ve heard it before, “You have to spend money to make money,” which is definitely true in business. When you don’t have any money to spend, it’s time to consider taking on a loan, grant or investment.
If you’re not in a position to or interested in taking on investors (here are funding stage definitions to give you an idea,) loans can be an excellent opportunity to infuse cash into the business or take on larger projects.
There are many types of loans available (here’s a list,) a 504 loan from the EDC Loan Corporation can be used for:
Go here for more information on a 504 loan and take time to learn as much as you can about business financing before taking the plunge. Our Learning Center is full of information to help you estimate the amount of funding you need, determine the best source, put together a business plan and tips on how to talk with bankers or investors.
Haven’t found what you’re looking for?
Send us some info here and we will be in touch ASAP with your personalized action plan. 2018 will be here before you know, get started today.