Small businesses are a tremendous part of the American economy. They are responsible for employing over 50% of the working population in the United States. What we know is critically important for these small businesses is the ability to stay in business, continue to grow and increase profitability.
Goldman Sachs 10,000 Small Businesses program was established to help business owners do just that. Knowing the #1 reason why businesses fail is because of the lack of education, Goldman Sachs decided to lead a charge to change the trajectory of small businesses in the country.
Teaming up with the Wharton School of Business, Warren Buffet and a team of other notables, Goldman Sachs has created a program that is making a difference in the lives of thousands of business owners and the lives they touch. With over 7,000 business owners to date going through the program, the results of such have be hugely impactful.
I had the wonderful opportunity to attend one of the classes of the program recently. In doing so, I was exposed to much of what the program has to offer. I was impressed by the vast amount of information provided through the program to assist business owners in sustaining and growing their businesses to the next level.
After chatting with the head of the program, Paisley Demby, after the class, I was struck by his level of enthusiasm and commitment to the program and its participants. The program is an 11-week program (taught every other Friday) which allows you to come out of your business to study the requisite information and then time to go back and apply the skills learned directly to the business before moving on to the next topic.
When small business owners emerge from their businesses to focus on pivotal areas necessary to grow, a different vantage point is created to see things more clearly.
Goldman Sachs 10,000 Small Businesses allow for them to do just that. It also provides capital to qualifying small businesses that may not have access to affordable capital or may not have qualified for traditional sources of credit.
The program is now being offered through the Tory Burch Foundation for those women business owners who may not meet the requirements for the original Goldman Sachs 10,000 Small Businesses program.
If you’re interested in the program, you can apply to it under either of the two programs. Each program has different requirements. So, please be sure to review the eligibilities for each.
Business owners who desire different results in their businesses must have the courage to make different choices to produce those different results. This is just one of many opportunities to stand up and do just that.
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