Keywords

Succession planning, Grocery stores, Economics

Description

Over 4000 small/medium sized Kansas businesses risk being shuttered due to owner retirement and a lack of successor. The impact of this is loss of equity for the owner, loss of the tax base for the community, and a loss of business services. A solution to this problem is RedTire, which will act as a matchmaker between rural business owners and highly qualified graduates from various Kansas universities who have the expertise and ambition to run those businesses. RedTire is a new venture from KU Entrepreneurship Works for Kansas, an initiative from the KU School of Business, working cooperatively with all regional universities.

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Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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Jan 1st, 12:00 AM

RedTire: Helping Save Rural Commerce, One Business at a Time

Over 4000 small/medium sized Kansas businesses risk being shuttered due to owner retirement and a lack of successor. The impact of this is loss of equity for the owner, loss of the tax base for the community, and a loss of business services. A solution to this problem is RedTire, which will act as a matchmaker between rural business owners and highly qualified graduates from various Kansas universities who have the expertise and ambition to run those businesses. RedTire is a new venture from KU Entrepreneurship Works for Kansas, an initiative from the KU School of Business, working cooperatively with all regional universities.