Skip to main content

SLCC's Goldman Sachs business graduates hit $1B milestone

One of the graduating classes of the 10,000 Small Businesses program.

Nearly 700 Utah small businesses that trained in Salt Lake Community College’s Goldman Sachs 10,000 Small Businesses program recently surpassed combined total revenue of $1 billion. 


The program is the most successful small business training effort in Utah with more direct impact on growth and direction of small businesses than any other public or private program in the state.


Participant results show that after six months of completing the program, 67% of businesses had revenue growth and after 18 months, 72% had revenue growth. In addition, nearly half, or 47%, of program participants added jobs by six months after completing the program, and over half, or 53%, by 18 months after completion.


The program has a nearly perfect graduation rate of 99.5% and takes 15 weeks to complete. To qualify, participants must be in business for two years, have four employees and a minimum of $150,000 in annual revenue. The program is free and funded by the Goldman Sachs Foundation. It recently was extended to rural small businesses in Utah.


SLCC is now recruiting for the next round of participants and is looking for as many as 40 small businesses to participate. Recruitment ends May 21. For more information, visit TheMillatSLCC.com/goldman.


How the program works


SLCC’s Goldman Sachs 10,000 Small Businesses consists of nine modules and four workshops held in evenings over 15 weeks. In addition, participants meet with their business advisors three or four times outside of class. They create a growth plan focusing on money and metrics; marketing and selling; leadership; operations and processes; and more. At the end of the course, they present their plan to the group, and begin to implement it in their business.

Labels:

Comments

Post a Comment

Popular posts from this blog

SLCC's Undergraduate Annual Research Conference Registration Deadline

Salt Lake Community College’s annual Undergraduate Projects, Performances, Presentations, and Research Conference (UP3RC) is set to take place on April 2, at the Taylorsville Redwood Campus, offering students a chance to showcase their academic achievements, fostering a culture of intellectual exchange.  The UP3RC is an annual event designed to celebrate and highlight the academic accomplishments of undergraduate students. It provides a supportive environment for students to share their work, hone their presentations skills, receive constructive feedback, and engage in meaningful discussions with their peers and faculty. All SLCC departments and programs, including faculty and staff, are encouraged to support and visit the day of the event. Students with their poster from last year's UPRC event “The goal of this event is to make sure every school and student is given the opportunity to participate,” says Dr. Kamal Bewar, interim director of the STEM Learning Center, who is chairin...
Post a Comment
Read more

Rev Up Your Future at SLCC Annuals Hop into College

SLCC West Valley Center will be opening its doors on Friday, August 2, from 6-9 pm for their annual lowrider event that celebrates the automotive culture and welcomes current, past, and future Bruins into the SLCC community. This unique event allows lowriders to showcase their vehicles and for spectators to witness the creativity, craftsmanship, and passion that goes into a lowrider car. From the sleek custom paint jobs to the impressive hydraulics showcased at the hop-off, attendees get immersed in the vibrant culture created by SLCC West Valley’s community. Beyond the car show, Hop into College provides prospective students and their families the opportunity to explore SLCC, engage with their future peers, staff and faculty and obtain valuable insight into the degrees and programs offered. Furthermore, the community is provided with countless beneficial resources not only as an SLCC student but as a community member. Whether interested in learning more about the lowrider community o...
Post a Comment
Read more

HB 261 and HB 257 Frequently Asked Questions

Dear Faculty, Staff and Students: The Utah Legislature recently passed two bills that significantly impact higher education:  HB 261  Equal Opportunity Initiatives and HB  257  Sex-Based Designations for Privacy, Anti-Bullying, and Women’s Opportunities. Salt Lake Community College is deeply committed to our students, faculty, and staff. We strive to be a place where all are welcomed and respected. While there are many unknowns about the ultimate effect these bills will have on some student and staff support programs, be assured that SLCC will maintain an environment where all can find success and feel a sense of belonging. In the coming months, college leadership will work to gain clarity and determine the changes necessary for legislative compliance. We will also share this information as it becomes available.  We realize that during this time, some in our college community may feel unsettled and stressed. We encourage you to make use of available SLCC resourc...
Post a Comment
Read more