Advising guides Polestar back to small-business success

Bill Bailey, left, Kathy Miller and Patty Bailey.

Bill Bailey, left, Kathy Miller and Patty Bailey.

RICHLAND, Wash. – What happens when your small company is acquired by a big company, but then it turns out that size matters and small is better?

Polestar Applied Technology, a Richland-based nuclear power consulting and technical services company, found itself in that scenario after it was acquired by a multinational corporation in 2007. By 2013, the division was threatened with closure.

Instead of accepting the inevitable, three management employees, with the help of two advisors with the Washington Small Business Development Center (SBDC), took on the challenge of plotting a profitable course back to their small business roots.

Changing course wasn’t easy, but the course they were on was a downward spiral.

Read more: https://news.wsu.edu/2016/06/21/advising-guides-polestar-back-small-business-success/

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The Washington Small Business Development Center, hosted by Washington State University, is an accredited member of America's SBDC. Funded in part throurgh a coppperative agreement with the U.S. Small Business Administration, institutions of higher education, economic development organizations and other public and private funding partners.