“Small businesses are the backbone of the U.S. economy, and it is my hope all of us in the small business community can help our local and national economies continue to prosper and create jobs into 2018 and beyond,” said Stacy Cox, President of Studio Four Design.
Goldman Sachs 10,000 Small Businesses was developed to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services. With 33 sites across the United States and United Kingdom, 10,000 Small Businesses has served over 8,000 small business owners. The program has reached businesses from all 50 states, Puerto Rico, and Washington, D.C, and has resulted in immediate and sustained business growth for alumni of the program.
“I’ve gained a lot of insight and personal growth as a business leader from this program,” Cox said. “Learning alongside other business leaders from across the U.S. during the interactive sessions helped me to identify some pieces missing from our business tool box. It was a very intensive ten weeks of online and on-site learning, and the relationships I developed with other scholars and advisors have already proven to be invaluable to me as a business leader. My experience in this program will help our company continue to grow strategically and sharpen our skills which will ultimately result in our ability to better serve our clients and our community.”
Highlights of the program:
The program is offered at no cost to the business owner – every business owner selected receives a full scholarship, with tuition and travel costs funded by the Goldman Sachs Foundation. Half of the program is taught online and there are two, four-day in-person sessions at Babson College in Wellesley, Massachusetts. Within six months of graduating, 69 percent of the graduates report increased revenues. 48 percent of the participants added new jobs in the same six month time period after graduation. The curriculum focuses on practical business skills, including negotiations, marketing, and employee management. Business owners from a wide variety of industries attend and receive one-on-one business advising and learning alongside peer CEOs from across the United States. Babson College, the leading university for entrepreneurship, delivers the curriculum and has documented the remarkable results of the program for its scholars.
“It was an amazing opportunity and I am blessed to