Starting a New Business or Product

New Idea Assessments

Part of successful business development is assessing your idea(s) and deciding whether or not to move forward with them. The Kansas SBDC can work with you on sizing up your business concept and help you formulate a plan for your next steps.

First Steps: Market Assessment, Business Plan and Financial Projections 

Business Plans - A good business plan guides you through each stage of starting, managing, and growing your business. The Kansas SBDC can help you think about your business in a thorough and systemic way and guide you in the process of creating your business plan.  


Financial Projections - The Kansas SBDC makes it easy for businesses to evaluate their numbers and use that information to plan carefully and make decisions to avoid business failure.

When you meet with your advisor, they will listen openly to your concerns and discuss your financial challenges, goals, and expectations in a judgment-free environment.

Funding Options: Loan Options & Prep, Crowdfunding and Investor Pitches

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.

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 - The Capital Access Center (CAC), part of the Kansas Small Business Development Center (SBDC) and funded through the 2020 CARES Act, is a consulting service to small business owners needing Capital (Loans, Lines of Credit, etc).

Business Registration Basics: LLC, EIN, Sales Tax, etc.

Your business structure affects how much you pay in taxes, the paperwork you need to file, and your personal liability. Your Kansas SBDC advisor can help you understand the process of registering with the state as well as what licenses and permits you may have to obtain, and any fees you may be required to pay.

Steps to take when adding an employee 

You don't have to be an HR professional to learn the basics. The Kansas SBDC can work with you on hiring processes, regulations, team building, staff roles, and creating an HR manual for your business. 

Tech Commercialization: Assistance for Inventors (including SBIR/STTR)

To learn more about our Tech Commercialization program, click here.


 

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800 SW Jackson St., Suite 900
Topeka, Kansas 66612
(800) 949-7661   |   info@ksbdc.net

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