Goldman Sachs 10,000 Small Businesses (US program)

Deadline:
As soon as possible
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Deadline: As soon as possible

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Location(s)

  • United States of America

Overview

Goldman Sachs 10,000 Small Businesses is a program for small businesses that links learning to action. Through the program, participants will gain practical skills in topics such as negotiation, marketing, and employee management that can immediately be put into action. In addition, they will receive the tools and professional support they need to develop a strategic and customized business growth plan that will take their company to the next level.

Details

TAKE YOUR BUSINESS TO THE NEXT LEVEL WITH:

  • Practical Business Education
  • Access to Capital
  • A Supportive Network of Advisors and Peers

Goldman Sachs 10,000 Small Businesses is a $500 million investment to help entrepreneurs create jobs and economic opportunity by providing them with greater access to education, financial capital and business support services. The 10,000 Small Businesses program currently operates in 30 markets in the U.S. through a network of more than 100 academic and community partners, and the program continues to expand on a city-by-city basis.

Practical Business Education

Designed by Babson College, the nation’s top-ranked entrepreneurship school, the 10,000 Small Businessescurriculum focuses on practical business skills that can immediately be applied by small business owners, including negotiation, marketing and employee management.
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Access to Capital

The 10,000 Small Businesses program shows small business owners how to become more bankable and position themselves to access small business funding and capital. Through partnerships with local, regional and national Community Development Financial Institutions (CDFIs) and other mission-driven small business lenders (Capital Partners), loans are available to qualifying small businesses that lack access to affordable capital or may not qualify for traditional sources of credit.

Loan applications are accepted on an ongoing basis, independent of acceptance into the business and management education program.

A Supportive Network of Advisors and Peers

Participants will receive one-on-one business advising and the opportunity to learn from other like-minded business owners. The 10,000 Small Businesses program provides this expert advice and technical assistance through partnerships with national and local business organizations and professional services firms.

EDUCATION FOR BUSINESS GROWTH

Designed by Babson College, the nation’s top-ranked entrepreneurship school, the 10,000 Small Businessescurriculum focuses on practical skills that small business managers can immediately put into action within their company. Over the course of the program, small business owners will gain the skills needed to recognize new opportunities, embrace practices that increase business growth and ultimately develop a customized growth plan for their business.

The curriculum is organized into nine modules and four clinics geared around small business management training, each of which includes classroom discussion, peer learning exercises, skill building and experiential applications. Classroom activities are complemented by an integrated portfolio of business services, including: one-on-one business advice, legal and financial clinics, and networking opportunities.

Opportunity is About


Eligibility

Candidates should be from:


Description of Ideal Candidate

IS YOUR BUSINESS READY FOR WHAT'S NEXT?

As a small business owner, are you ready for what’s next?

Goldman Sachs 10,000 Small Businesses is designed for business owners who have a business poised for growth. We look for applicants who are passionate about growing their business, creating jobs in their communities and who generally meet these criteria:

  • Small business owner or small business co-owner
  • Business in operation for at least two years
  • Business revenues over $150,000 in the most recent fiscal year
  • Business with a minimum of four employees (including the owner)

To get the most out of the 10,000 Small Businesses program, business owners are asked to invest their time to engage in the following:

  • Attend a program orientation
  • Complete 11 convenient learning sessions
  • Participate in out-of-class activities, including completing assignments, attending networking events and business support clinics (approx. 8 – 10 hours per week)
  • Create a business growth plan over the course of the program

Dates

Deadline: As soon as possible


Cost/funding for participants

The programme is offered on a fully funded basis to small businesses and social enterprise leaders who desire to grow their businesses, create local employment and have scalable business models.

Participants of the programme will benefit from:

  • Specialist workshops
  • One-on-one business advising
  • Business coaching
  • Access to professional experts
  • Networking opportunities and
  • A network of 10,000 Small Business graduates
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