Well, it was actually Breakfast at the Larry H. Miller Campus of Salt Lake Community College, but we had to get your attention some how.
The reality is that for so many small business owners, from their passion to realizing the dream of small business owner often means delving head first into the financial aspects of the daily grind. For many of these leaders on Main Street, the opportunity to gain greater business savvy – say by means of taking time out to gain an MBA – is just not fathomable.
Enter Goldman Sachs and the “10K Small Businesses” initiatives.
Last month, Mountain West Small Business Finance teamed up with and sponsored a special breakfast (at the Larry H. Miller Campus of Salt Lake Community College, as we previously mentioned) to help spread the word about this unique educational opportunity for small businesses in Utah.
“Goldman Sachs 10,000 Small Businesses is a $500 million national program designed to help small businesses in the United States create jobs and economic growth by providing entrepreneurs with a practical business education, access to capital and business support services.” –From slcc10k sb.com
“While it’s not an official title, many of our graduates refer to it as a mini-MBA,” Mike Baliff, Outreach Manager and Faculty for the program explained. This practical business management education program helps business owners develop the skills they need to grow their company. The benefits of the program are huge. For example, the program is FREE once you’re accepted, because acceptance means a full scholarship for the attendee.
But one of the favorite highlights is that unlike a traditional MBA where students are focusing on case studies of companies that are usually outside the type of business they’re usually doing, the 10k Small Business program uses the owner’s company as the business model. So participants can bring real issues and successes to the table – taking away more than just theories about how to grow their business. They’ve got practical application from day 1.
So what’s the catch?
Baliff says one of the program’s biggest challenges is getting the word out, which is why the breakfast event was so important. “We don’t advertise. The program’s all done through referrals which is why it was so important.” Baliff said they had about 50 people show up that were excellent prospects for the program.
Utilizing its unique list of small business contacts through bankers and deals that Mountain West’s Business Development and Loan Officers thought might be a good fit for the program, the event was attended by a host of “cool, qualified business owners to help jump-start this recruiting cycle.”
In addition to breakfast, and some general information about the program, the event featured two graduates of the program in a panel to discuss their experience. Jason Olsen, who owns Image Studios which develops retail space for salon and beauty retailers; and Matt Sternbenz, the owner of 4FRNT Skis. (Sternbenz’s partner, David Wise won a gold medal in the Men’s Half-Pipe for Skiing at the Winter Olympics in Sochi using 4FRNT skies.
Learn more about the 10,000 Small Businesses program, and how to qualify for this unique training to grow your small business at http://www.slcc10ksb.com/.