In early 2007, Ted joined the Building Contractors program sponsored by CAMEO member North Coast Small Business Development Center. The SBDC developed an intensive training and counseling program for this specific industry group.
During this same period, a competitor’s business became available for sale. Using the skills he already had and his new understanding of financial management and business cash flow, Ted and his counselor reviewed several possible purchase scenarios.
Ted’s offer to purchase his competitor’s business was accepted and he opened Advanced Signs. It was a turn-key operation and Ted has was able to more than double the volume of the business, retain three jobs, and is looking at creating new jobs.