After
getting off to a good start and proven your concept with ample unfilled demand
for your service, it may be time to prepare your small business to
substantially grow. That’s when you need the expert training and mentoring that
is required to make that leap forward to compete at a higher level. Fortunately,
there’s a successful program in its second year in Houston that can prepare you
for the challenges you face.
The
Small Business Administration’s (SBA) Emerging Leaders Initiative is a federal
training initiative conducted in 48 communities since 2008. The program
specifically focuses on executives of businesses poised for growth. The
initiative provides these executives with the organizational framework,
resource network, and motivation required to build sustainable businesses and
promote the economic development within urban communities.
Hundreds of graduates have reported revenue
growth, $17 million in new financing,
created new jobs or retained all existing jobs, and over $700 million secured
in federal, state, local, tribal and corporate contract awards.
Over
the course of seven months, participants are given the opportunity to work with
experienced mentors, attend specialized workshops and develop connections with
their peers, city leaders, and the financial community. The Initiative
incorporates a research-based curriculum specifically designed to stimulate and
support the development and expansion of your business including options for
accessing new capital and securing government contracts.
The
Emerging Leaders Initiative is for established business owners and is not for start-ups. The series is
open to small business owners and executives that: have annual revenues of at
least $400,000, have been in business for at least 3 years, and have at least
one employee, other than self. All types of businesses can participate.
At
the conclusion of the training, entrepreneurs produce a three-year strategic
growth action plan with benchmarks and performance targets that will help them
access the necessary support and resources to move forward. The end
result of the executive education prepares and encourages small businesses to
move to the next level on their growth trajectory.
Participation in the Initiative is free. The only cost is your time and commitment to complete the curriculum over the course of seven months. All other costs are
covered by the SBA and SCORE who is sponsoring this event and providing
mentoring services.
Business
executives interested in participating should register before March 7 at www.interise.org/sbaemergingleaders. Classes begin in April. For information, contact
Stephen Curry at Stephen.Curry@sba.gov or (713) 773-6542. _________________________________________________________________________
SCORE is a nonprofit association whose volunteers help start and improve small
businesses. Send questions or volunteer inquiries to scorehouston@gmail.com.
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