Miami Dade Collège is accepting applications for the next Goldman Sachs 10,000 Small Businesses program beginning Sept. 12 at the Miami Dade College Wolfson Campus.
Goldman Sachs 10,000 Small Businesses is an investment to help small businesses grow and create jobs by providing them with greater access to education, capital, and business support services. To date, more than 12,800 business owners have graduated from the program across all 50 states, Washington, D.C., and Puerto Rico. Across the U.S., graduates are increasing their revenues and creating new jobs in their communities:
Through the program, you will gain practical skills across topics such as financial statements negotiation, marketing, and employee management, and gain the tools to develop a customized business plan for growth—for free.
- 66% reported increasing revenues just 6 mo. after graduating
- 44% reported creating new jobs just six months after graduating
- 85% are doing business with each other
- 96% completion rate
Maurice Gray
“I’m looking forward to helping businesses through education and best-practices versus solely being able to provide them with capital,” says Maurice Gray, Executive Director for the Goldman Sachs 10,000 Small Businesses (10KSB) at MDC.
Maurice believes that the program’s success is tied to the unique growth strategies developed by each participant, where there is no “one size fits all.” When asked about entrepreneurship and leadership, he said, “for me, entrepreneurship is the act of turning ideas into actionable objectives to create revenue; while Leadership is getting others to see themselves in your vision, so they embrace the daily mission.”
According to the 2022 10,000 Small Businesses Impact Report, Goldman Sachs has committed $750 million over the past twelve years through the program. Among many impressive numbers a few stand out in regards to diversity statistics.
- Nearly 40% of all graduates are people of color
- 50% of graduates are women
- Median age of 50 years
- 42% family-owned businesses
Practical Business Education
Practical Business EducationDesigned by Babson College, the nation’s top-ranked entrepreneurship school, Goldman Sachs 10,000 Small Businesses provides business education, support services and pathways to capital for growth-oriented entrepreneurs. Participants gain practical skill to take their business to the next level, with topics like financial statements, negotiations, and marketing. Participants develop an actionable growth plan for their business with the help of advisors and a network of like-minded entrepreneurs. The program is free for participants and delivered in partnership with academic institutions across the country such as Miami Dade College.
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
- You and Your Business
- Growth and Opportunities
- Money and Metrics
- You Are the Leader
- It’s the People
- Marketing and Selling
- Strategic Growth Through Operations
- Being Bankable
- Action for Growth
Applicants selected for the education program will receive a world-class business education and connections to a professional support network at no cost. The program is open to business owners with ventures that have been in operation for at least two years and earned $75,000 or more in revenue during the most recent fiscal year.
Access to Capital
Access to CapitalGoldman Sachs 10,000 Small Businesses partners with Community Development Financial Institutions (CDFIs) and other mission-driven lenders to expand access to capital for small businesses. Through these partnerships, 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 small business management education and training program. Learn more
A Network of Support
Through the education program, you will have opportunities to learn from other small business owners, receive expert advice from business professionals, get one-on-one business advising, and join a national network of entrepreneurs following graduation.