Goldman Sachs 10,000 Small Businesses is now accepting applications for the Fall 2014 program, 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 program currently operates in 15 markets in the U.S., including New Orleans, through a network of more than 90 academic and community partners. Over 1,200 small business owners have participated and the program continues to expand on a city-by-city basis.
Designed by Babson College, the nation’s top-ranked entrepreneurship school, the curriculum focuses on practical business skills that can immediately be applied by business owners, including negotiation, marketing and employee management.
|LRA Member Phil de Gruy of|
Phil's Grill in Metairie & New Orleans.
“Being able to identify areas I needed to work on and take steps to get my business on track for growth was an invaluable product of my participation in the program,” said Louisiana Restaurant Association Member Phil de Gruy of Phil’s Grill. “I learned the difference between running a restaurant and running a business.”
The curriculum is organized into nine modules, 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.
Criteria to participate in the 10,000 Small Business program are: owner or co-owner of a business; business in operation for at least two years; business revenues between $150,000 and $4 million in the most recent fiscal year; and business with a minimum of four employees.
To get the most out of the 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. 6-8 hours a week); and create a growth plan over the course of the program.