UMKC Innovation Center partners with the university and the community to spark and sustain entrepreneurial efforts within our region and across the country.

KCSourceLink connects KC entrepreneurs to the right resource at the right time.

MOSourceLink connects Missouri entrepreneurs to the right resource at the right time.

Whiteboard2Boardroom connects entrepreneurs and businesses to technologies available for licensing.

Digital Sandbox KC provides early-stage proof-of-concept support for digital products.

Missouri Small Business & Technology Development Center provides technical assistance to startup and existing businesses.

ScaleUP! Kansas City helps businesses with revenues around $200K scale toward their first $1 million.

Missouri Procurement Technical Assistance Centers helps local businesses obtain government contracts.

KCInvestED helps investors learn more about investing in KC startups.

SourceLink® helps communities nationwide build vibrant and vital entrepreneurial ecosystems.
UMKC Innovation Center
UMKC Innovation Center
How WIBO and AltCap Will Help You Build a Thriving Business

How WIBO and AltCap Will Help You Build a Thriving Business

How WIBO and AltCap Will Help You Build a Thriving Business
Whether you are thinking about starting a business in Kansas City, or have a young one, you need knowledge to grow, a network to keep you focused and help from experts to prosper. That is exactly what AltCap’s Workshop in Business Opportunities (WIBO) offers. Class starts on August 23, so you better apply soon to get in and start rocking.

Data shows that WIBO works. 54 percent of WIBO graduates are in business after five years, that’s compared to a national average of just 20 percent. And 92 percent of WIBO alumni saw an increase in revenue within two years after the program. Yeah, we’re talking dollars and (biz) sense here.  

Just look what a 2014 WIBO graduate had to say about the program, “I was inspired to rethink how I had done business in the past and to take an honest look at past challenges. The WIBO program can and does help people unlock their true potential through raising awareness with peer interaction, inspiring new ideas and encouraging creativity from the various facilitators.”

The 16-week workshop, Wednesdays at 6:30 p.m. at AltCap HQ, gives startups and existing business owners an opportunity to develop the basic structure for sustainable business growth and a profitability plan, including cornerstone analytical tools that make for sound financial decision-making.

WIBO is structured to provide a unique peer-to-peer learning environment where business owners and entrepreneurial subject experts share their expertise and experiences through facilitated discussions and case studies about all aspects of running a successful and profitable business.

The cohort will learn about:

  • marketing

  • market research

  • purchasing

  • pricing strategies

  • sales

  • finance

  • record-keeping and accounting

  • human resources

  • law

More about WIBO

  • Startup: 34 percent of WIBO alumni were not in business prior to starting the WIBO program

  • Plan: 65 percent of WIBO alumni reported that their primary reason for enrolling in the program was to develop or complete a business plan

  • Network: 69 percent of WIBO alumni reported having high levels of proficiency in business networking after completing the program

  • Graduate: 41 entrepreneurs have completed AltCap’s WIBO program since 2015

Because you may have a few more questions, we have answers:

How challenging are the workshops? Do I need a college degree to keep up with the class? Absolutely Not! If you have a business idea, you are welcome to apply for WIBO.

Am I able to switch my business idea after successful completion of the program? Yes; however, during the program only one business idea is allowed and works most effectively.

Can I be a part of the WIBO program if I currently own a business? Yes! WIBO can help current business owners by giving them a better sense of direction, and offer an opportunity to reflect on the strengths and weaknesses of their business to gain more insight on how to maintain and progress the business.

Are certain types of businesses prioritized over others when it comes to being accepted into the program? No, no type of business is prioritized over others. If a prospect is serious and willing to work on their business, they have a chance to participate the workshops. There are only 18 spots per location, and it is on a first-come, first-served basis.

We know how excited you are to join the next WIBO class that starts on August 23, go apply now.

This is close to what I need, but not quite. What else do you have for budding entrepreneurs?

Glad you asked. As the go-to for KC entrepreneurship, we can plug you into the right course, mentor, organization or group for your small business, startup, side hustle or idea in the making.

Just give us a call at 816-235-6500 or fill out your request over here at www.kcsourcelink.com/myplan. We’ll develop a personalized action plan to help connect with resources and opportunities, so you can hit that next milestone.




 

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