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Have You Ever Wished You Could Be Your Own Boss?
Paul Keller, President of Sunshine Office Products Inc. in Worland, decided entrepreneurship was for him and he made it happen. Paul knew he really enjoyed working with people and experiencing new adventures daily. His career in sales, finance, insurance and banking taught him about people, customer service and management.
An opportunity opened up for Paul to purchase the office supply and office furniture store in the same building where his in-laws own a print shop. Paul visited with Leonard Holler, Regional Director of the Small Business Development Center in Casper, Wyoming to help him with the business valuation. “A business's success can be measured, ultimately, by its value,” said Leonard Holler. “The value of a business, determined by its ability to generate cash flow, provides a financial snapshot of where the company stands, how it might be improved and provides for an objective evaluation of the market and current management’s effectiveness. Business valuations and their related financial analysis are not only a measurement of how well a business is operating, but it can give reason to ask more questions about how it can generate future cash flow. In short, business valuations are a significant planning tool for any small business.” His next visit was with his banker, Brent Miller, Security State Bank, who suggested an SBA loan. SBA guaranteed loans are often utilized for start-up businesses that lack tangible collateral and for Paul this was a new entrepreneurial experience. In 2008, Sunshine Office Products received a 7(a) SBA loan that allowed him to purchase the office supply business.
This was a very exciting time for Paul Keller. He had wonderful new ideas for his office supply. The first thing he did was train his three employees to use computerized equipment and an accounting program when taking orders online. Instead of his regular customers having to come into the store, they could now view, select, order and be billed for his products online. The order would be put together quickly and delivered to the customer’s place of business.
Paul has been on this entrepreneurial journey now for over five years. “It has been a privilege to continue the tradition of service at Sunshine Office Products and to serve our wonderful community,” said Paul.
Paul and his wife, Kari, have three children, a daughter 15 years old, a son 12 years old and a daughter 7 years old. In his spare time he serves on several boards, is a member of the local chamber of commerce, coaches T-Ball and youth football, and donates backpacks and school supplies for kids in the community.
The SBA does not endorse the opinions, products or services of any private individual or business entity.