Rashawnda Wright approached Kansas SBDC to help with financial projections and funding for her business. Cap Creation is a truly unique and special business because it creates an inclusive and hair-diverse graduation environment for high school and college students. Students with large, curly, textured hair have had problems fitting their graduation caps for years, so Cap Creation developed a product that transforms the existing graduation cap to fit ALL hair types.
"John Addessi is amazing to work with, the level of detail and resources he provides is very thorough and well put together."
The client worked with the Kansas SBDC to build their comprehensive financial forecast and to learn about different ways to secure the funding needed for their business, including debt and equity finance. They also received contact information for banks, lawyers, and other local resources. The client said that her experience with the SBDC stood out because of her SBDC advisor, John Addessi.
The client secured the knowledge she needed on funding strategy and successfully develope a practical financial forecast. The team of Cap Creation LLC was able to put together their pitch deck and prepare for their first round of funding.
Anthony Barnett approached the Kansas SBDC for help in creating a business plan and cash flow projections along with the market analysis he needed to receive access to the capital he needed for his enterprise
"My advisor is fantastic. He is very smart, has good thoughts and questions, and bouncing ideas off someone I think so highly of gives me confidence to make some tough decisions. There is always a way, just keep at it and you will find the right path and the right time."
Although the business had already been established for several years, Barnett was seeking an outside perspective by the time Barnett reached out to the KU Small Business Development Center. He got exactly that when he connected with the local SBDC office at the University of Kansas.
The Client was able to build a strong business plan outlining their complete growth plan including cash flow assistance, market analysis as well as capital access.
Karna Lackey approached Kansas SBDC to help with the business plan and funding for her business.
"Frank looked at my spreadsheets and provided me with a better template for financial projections. He worked with me looking at the numbers and was super encouraging that this would be a business we could run with. He provided information that helped me search for funding. Without Frank, I would still be working for someone else instead of having a very successful business of my own. [Local people] asked why I thought I could do any better than the previous owners of a quilt shop in our location. We left feeling like this was not possible. Keep believing in yourself and your business."
The Kansas SBDC at Wichita State University helped her "Sew in 2 Quilts" business by determining if the business plan was feasible and reviewing its financial projections before attaining necessary funding. Sew in 2 Quilts is a fun and creative quilt shop that is paramount to customer service and support.
The client was successful in receiving the funding. She was also provided with a lot of vital resources that included local networking opportunities.
