You want to start planning your exit early and give it approximately five years; you want to grow the profit of your business before selling it. This is critical because you want the bank to see that your business is still profitable and growing before lending it to a potential new owner. The KSBDC can assist you with this exciting process and provide a smooth transition that is stress-free.

The Kansas SBDC assists business owners who want to sell their company to internal or external buyers. We handle owners' retirement or exit financial needs and plan for what happens when they sell by advising them on how to maximize the value of their the business. Our clients are frequently unclear of what actions to take to ensure a smooth transition, so we assist them in planning for a future that they can be confident in. Our assistance reduces the process's burden.

Business Valuation:

The SBDC helps you asses what your business is worth and how you can increase the value before you sell. When a company is valued it involves more than looking at he financial statement. The Kansas SBDC looks at a variety of components, including the operation of the business, customers the industry, and more.

Services include:

• Educational Information to Help You Transition
• Free Exit Planning Checklist to Build Your Exit Plan
• Estimate of Value for Your Business
• Access to Certified Exit Planning SBDC Advisors
• Classes and Events

More information Available In Our Video Library At www.kansassbdc.net/exit-transition-webinars

Anthony Barnett established Home Sweet Homes and approached the SBDC to help develop a business plan, cash flow assistance, market analysis, and capital access.

The business had already been established since 2004 Home Sweet Home provides fun, mental/physical simulation, and socialization for dogs. Whether it's for a day of daycare or a boarding stay, they care for all the dogs as if they were their own. by the time Barnett reached out to the KU Small Business Development Center, Barnett was seeking an outside perspective and 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 full growth plan including cash flow assistance, market analysis as well as capital access. After working with the KU SBDC Team, Barnett said, " My advisor is fantastic. 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." Barnett understood that he was not the only one that needed help with the business needs, so he had a few words of advice for others that are considering a similar path. " There is always a way, just keep at it and you will find the right path and the right time".

About Home Sweet Homes: Home Sweet Homes can be found at 2140 Haskell Avenue 

Lawrence, Kansas. Learn more about them buy visiting their website and contacting them at https://www.homesweethomedogresort.com/ and contacting them at (785) 832-8100

About the Kansas SBDC: The Kansas Small Business Development Center serves as the state advising resource for the small business owner. Whether it’s an existing business looking to boost sales or a start-up trying to get off the ground, we provide our clients with quality, professional, and personal care all in a confidential setting. The Kansas SBDC is funded in part through a cooperative agreement with the U.S. Small Business Administration. Learn more about the Kansas SBDC at www.KansasSBDC.net or call (800) 949-7661.