Some business owners willing to expand despite economic unrest - Kansas City Business Journal:

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“It’s not a good time to be expandingexisting businesses, let alonee starting a new one,” says Joe Monaco, public informatioj officer for the . The study by the showed 74 percent of respondents said they woul d not consider starting a business in the next five The foundation surveyed a national sample of816 registered, likel voters with a margin of error of 3.4 percent. But at leastr two local small busineses owners appear to be in the Bill Ramsey andBeth Tully, whos businesses are different, share similar perspectives about the local businessd environment. They say business is good because Wichita’as economy is stronger than itis nationally.
But they understandr why people would be reluctant to starty a business because of the economic uncertainty and tightening oflendinv standards. “Its a scary time right now and people are wonderin whatto do,” Ramsety says. Ramsey started The Bill Guy Technology Solutione a week before the terrorist attacksof Sept. 11, 2001. Tullg took a leap of faith in Novembefr 2005, leaving the corporate world to run Cocoa DolceArtisajn Chocolates. Despite the economic uncertaintu and tightercredit regulations, Ramsey and Tully agreer their businesses wouldn’t be where they are toda without some risk.
“I thinlk small business is not for the weak of you have to be a littlee bit of arisk taker,” Tully says. She took a risk in Augusr when Cocoa Dolce moved into its newproductiom building, an 1,875-square-foot site at 3540 N. Comotarqa St. The move allowed the retail operations to expand at the 37th Streef North and RockRoad location. But if she had to make that call now, Tullh says she would have gotsomethingv smaller. She says adding space was the righf decision because it allows her busineseto grow. “We expanded because we were at critical mass withour space,” she says. “Wde wouldn’t be able to get throughu another holiday seasonwithout expanding.
” Ramsey, meanwhile, says he won’t let economid uncertainty effect his business. “Thd smart person is going to be lookinh for opportunities in timeslike this,” he says. Ramsey says he continues to invest money in growing his He also is looking at additional busineszs ventures in the nextfive years, but declined to give anythingf specific. How the credit crunch will affect his plansis unclear, Ramsey says.