In November 2018 I became a proud graduate of the Goldman Sachs 10,000 Small Businesses (10KSB) program and I am excited to share some key takeaways from this incredible program.
10KSB is one of Goldman Sachs’ philanthropic endeavors. It was created to give entrepreneurs access to education, business support services and capital. The program is 12 weeks of fairly intense education touching on ALL aspects of owning your own business. Everything from forecasting to learning how to be a better boss is covered.
I was fortunate to attend the program at the same time as the owner of our Accounting firm. As I sat there in class, completely overwhelmed, trying to analyze and understand a company’s accumulated depreciation, owner’s equity and forecasting he said to me, “If entrepreneurs realized ALL they would have to learn about running a business BEFORE they started their business they would never do it.”
He was completely right. Entrepreneurs have a great idea and jump. They have to. When my husband/business partner is asked why he started our business, he always says, “I had an itch to scratch.” In The E-Myth Revisited, Michael Gerber refers to this as an entrepreneurial seizure. So my husband and I have been “winging” it for 20 years – with Graphic Design degrees, grit, wonderful advice and a great deal of talent from our amazing employees.