2. 2
10,000 Small Businesses
Agenda
Our Participants
Program Overview
Selection Criteria
What to Expect
The Outcome
Success Stories
Apply Today
3. 10,000 Small Businesses
Our Participants
45.1%
Women
Ages range from
22-79 years
10,000 Small Businesses participants:
Education levels range from some
high school or GED through
graduate degrees
Representative of their communities
and a range of industries
4. 10,000 Small Businesses
Our Reach
The program has reached entrepreneurs from all 50 states, Washington D.C., Puerto Rico, Guam, and US Virgin Islands
Baltimore
Chicago
Cleveland
Dallas
Detroit
Houston
Iowa
Long Beach
Los Angeles
Miami
New Orleans
New York City
Philadelphia
Rhode Island
Salt Lake City
The program is available to business owners from all 50 states, Puerto
Rico and Washington D.C. through the blended (on-line/face-to-face)
program including in-person sessions delivered at Babson College in
Wellesley, MA
SITES
NATIONAL PROGRAM
5. 10,000 Small Businesses
Our Partners
10,000 Small Businesses
100+
Local and national partnerships
deliver the program across the country
Local Partners
Des Moines Area Community College
Iowa’s Community College System
Local Chambers of Commerce
Economic Development Organizations
Community Development
Organizations
Other Community Partners
National Partners
Babson College – Ranked No. 1 in
Entrepreneurial Education by US
News
Initiative for a Competitive Inner City
(ICIC) – The leading authority on U.S.
inner city economies and the
businesses that thrive there
6. 10,000 Small Businesses
Program Overview
100 hours of class instruction
(online and in person)
Business is your own case
study throughout class
Curriculum includes
accounting, negotiating,
marketing, and human
resource management
Culminates in detailed,
actionable growth plan
Business Support
Services
Business &
Management Education
Access to
Capital
Led by Co-Chairs Lloyd Blankfein, Warren Buffett, Michael R. Bloomberg and Dr. Michael Porter, a public private
partnership to unlock the growth and job creation potential of small business owners across the United States
Expands amount of growth
capital available to small
businesses
Delivered through
Community Development
Financial Institutions
(CDFIs) and local
community based lenders
Provide loan recipients with
technical assistance
Partner with local
government, economic
development organizations,
and the small business
ecosystem
Business owners receive
expert advice and technical
assistance
Revenue Growth & Job Creation
7. Education Program
Delivered at no cost to participants
Highly practical course focused on skill development for business growth
Peer-to-peer learning and collaboration
Business support services
Cohort sizes of ~30-45 small business owners
Participants develop a tailored growth plan that can be used to immediately
benefit businesses
10,000 Small Businesses
100+ Hours of instruction
delivered over 3 months
8. 10,000 Small Businesses
Education Curriculum
Orientation
Diagnostics
and Skillsets
Financial
Statements
Workshop
Money and
Metrics
Growth and
Opportunities
Marketing and
Selling
You are the
Lender
Feasibility and
Risk
Assessment
Understanding
your Market
and Customer
Forecasting for
Growth
Operations and
Processes
It’s the People
Operations and
Valuation
Negotiations
Action for
Growth
In Person
Online
9. 10,000 Small Businesses
Selection Criteria
Revenue Growth and Job Creation are key measures of Success
Typical
Business
Criteria
Annual revenues above $100,000
Been in operation for at least two years
Have at least 2 employees
Desire to grow and create jobs
Owner or co-owner of a business
2
$
10. 1 APPLICATION
• Information about Applicant’s Business
• Information about Applicant
• Acknowledgement of Program Expectations
Applicants Invited to the Interview Round are Asked
to Complete the Following:
2 INTERVIEW ADDENDUM
• Additional Information About Applicant &
Applicant’s Business
• Supporting Materials & Financial Documents
3 IN-PERSON INTERVIEW
• 30-minute Informal Q&A Session
10,000 Small Businesses
Application Process
11. 10,000 Small Businesses
What Business Owners Can Expect
Full scholarship
Practical curriculum to drive
business growth
Convenient class schedule
Skills that can be applied
immediately
Local & national alumni
network
Understanding of how to
access capital
Our Commitment to You Your Participation
Attend all learning sessions
Take part in out-of-class
activities
Demonstrate a commitment to
revenue growth and job
creation
Create a growth plan
Complete monitoring &
evaluation documentation
12. Guides all course material directly to your business
Includes:
— Personal statement of your growth aspirations
— Strategic overview of the business inputs necessary to achieve that
growth
— Implementation plan
10,000 Small Businesses
The Outcome
Growth Plan: a strategic and tactical implementation to guide your
business growth.
The program is designed to facilitate the growth of your business and
yourself as a leader. The primary tool for stimulating this development is
the creation of your Growth Plan.
13. *The National Small Business Association (NSBA) Year-End Report. (2015).
Retrieved March 24, 2016 from http://www.nsba.biz/wp-content/uploads/2016/02/Year-End-Economic-Report-2015.pdf
Program Graduation Rate
10,000 Small Businesses
Meaningful Impact
47%67% Create Net New Jobs
within six months
2x national rate*
Increase Revenues
within six months
vs. 45% national rate*
98.5%
14. 10,000 Small Businesses
Creating a Marketplace
Paying it forward
87.6%of program graduates do
business together
8
The average number of people 10,000 Small
Business alumni are mentoring at 18 months
after program completion
“The 10,000 Small Businesses program has been
instrumental to my growth. The alumni of 10,000
Small Businesses have become part of my family.
I rely on them for advice, encouragement, legal
services, construction and supplies, and they have
been equally instrumental in my growth and keep
me grounded.”
Carmen Rodriguez, Brooklyn Cupcake
10,000 Small Businesses graduate
15. 10,000 Small Businesses
Success Stories
Family-owned contractor for
residential and commercial
construction and renovation.
Provides public and private clients
with a range of services including
concrete, masonry and stone work.
Business
Description
Program
Impact
Rhys
Powell
New York
November 2011
Angelica
Rivera
New Orleans
June 2011
Miguel
Guajardo
Long Beach
January 2011
Red Rabbit Colmex Construction El Camino Construction
Harlem-based business
that provides alternative and
healthy meals to students.
Created 10 new jobs in
the community since starting
the program
Increased revenues 310%
Won 5 new contracts valued
over $1 million
Hired 22 new employees
Increased revenues 532%,
securing a major public works
contract
Hired 110 new employees
Increased revenues 569%
Won 6 new contracts totaling
almost $1m from different
schools across New York City
16. Family-owned business which
provides courier services for
time-sensitive clients like
hospitals, law firms and banks.
Family-owned business that
provides professional transport,
guard, patrol and protective
services.
Business
Description
Program
Impact
Jason
Burns
New Orleans
June 2011
Jessica
Johnson
New York
August 2010
Walker-Miller
Energy Services QCS Logistics Johnson Security Bureau
Provides traditional, renewable
and sustainable energy systems
and solutions. Partners with
manufacturers to find solutions.
Created 37 new jobs
Secured 8 new contracts
Increased revenues 133%
Increased revenues 658%
Hired 110 new staff members
Created 35 new jobs
Increased revenues 668%
Has received numerous
awards, including NAWBO
Top 10 Michigan Business
Women Award
10,000 Small Businesses
Success Stories
Carla
Walker-Miller
Detroit
September 2014
17. You built your business, we’ll help you grow it.
Apply online
www.10ksbapply.com/iowa
For more information contact:
10KSBiowa@icic.org
10,000 Small Businesses
Apply Today
Thank You
