Goldman Sachs 10,000 Small Businesses Program Set to Kick Off at HCC Missouri City Campus
ABOVE: The Goldman Sachs 10,000 Small Businesses program is now accepting applications at the HCC Missouri City campus, for the summer session that runs from May 16 through mid-August.
For all small business owners who are ready to take their business to the next level, Houston Community College (HCC) is presenting an opportunity for them to apply and participate in the Goldman Sachs 10,000 Small Businesses program set to launch in May 2018, at the HCC Southwest College’s Missouri City campus.
The Goldman Sachs 10,000 Small Businesses program was brought to Houston in 2011 through a partnership between HCC, the City of Houston and the Goldman Sachs Foundation.
The Goldman Sachs 10,000 Small Businesses program supports small businesses with strategies for growth and sustainability with business education and application and support of business advisors. The three-month program lets participants gain practical skills such as negotiation, marketing and management that can immediately be put into action. Participants spend 13 weeks and roughly 100 class hours at HCC studying the business curriculum.
“This program at HCC helps businesses past the start-up phase and in position for growth,” said Cathy Landry, executive director of Goldman Sachs 10,000 Small Businesses at HCC. “An owner is typically hands-on in day-to-day operations. This program helps the owner step back and work on a strategy for growth rather than just maintain operations.”
Since 2011, 552 small business owners have graduated from the Goldman Sachs 10,000 Small Businesses program at HCC. These graduates represent more than 40 industries including information technology, manufacturing and hospitality. Graduates receive a certificate of completion of the Goldman Sachs program and a certificate of completion from HCC Corporate College Continuing Education. Upon graduation from the program, the graduates are ready to implement their customized growth plan developed throughout the program and become members of the local and national Goldman Sachs 10,000 Small Businesses alumni network, which offers them ample opportunities to do business with each other.
In order to be accepted into the Goldman Sachs 10,000 Small Businesses program, participants must generally meet four criteria: 1) must be the owner or co-owner; 2) must have business revenues of at least $150,000 in the most recent fiscal year; 3) must have at least four employees on staff including the program participant; and 4) must be in operation for at least two years.
“This is not a spectator sport. Participants come prepared to work on a growth strategy that is ready to implement when they graduate,” said Liz Lara-Carreno, outreach director of Goldman Sachs 10,000 Small Businesses at HCC. “Eighty-five percent of program alumni do business with each other, demonstrating the power of the peer-to-peer network created in the classroom.”
Stafford-based RPC Global is one of the companies that has been transformed thanks to the Goldman Sachs 10,000 Small Businesses program at HCC. In 2011, when owner Abe Gonzalez enrolled in the program, growth at his information technology and computer recycling company had stagnated. Seven years after graduating from the program, Gonzalez has seen his company grow more than 400 percent. RPC Global now lives up to its name – doing business all over the world, thanks to the addition of an eBay storage room to handle these transactions.
“I learned I had to take responsibility, which meant taking over the leadership role from my father, and it changed our bottom line,” said Gonzalez. “I became decisive in the employees I kept. I cut strategies that weren’t working and we made a big decision to close the brick-and-mortar store and become an e-commerce business. Once we trimmed the fat, we could focus on what worked.”
HCC offers three sessions of the Goldman Sachs 10,000 Small Businesses program per year, in the spring, summer and fall, at various HCC campuses. There is no cost to participate in the program, because it is funded through the Goldman Sachs Foundation.
The Goldman Sachs 10,000 Small Businesses program is now accepting applications at the HCC Missouri City campus, for the summer session that runs from May 16 through mid-August.
The deadline to apply for the summer program is Thursday, February 15. Apply at hccs.edu/hcc-in-the-community/10ksb/ or call 713.718.8348.