r By Lorene Moore
Two Payson and Santaquin small business owners are taking advantage of some big business training with the Goldman Sachs 10,000 Small Businesses (10KSB) national program.
As business owners, Lorene Moore of Nebo Comfort Systems and Nick Miller of Weedman, are all too familiar with some of the pitfalls and struggles of small businesses and the need for business training.
Small business owners usually get into business because they are good at doing something. Whether it’s heating and air conditioning, lawn care or pulled pork sandwiches, they are everyone’s go-to person for it. But once they are in business, they find they also have to be experts in accounting, personnel management, accounts payable, accounts receivable and dozens of other issues that they may not have been prepared for and certainly are not experts in. Many small businesses fail, not for a lack of expertise in their field of service or production, but for a lack of management skills and business training in their leaders.
Goldman Sachs has made a $500 million commitment to helping small businesses grow with their 10KSB program. 10KSB gives small business owners access to leadership training, mentoring and other resources historically only available to larger businesses with large budgets to pay for them.
10KSB graduates across the country have used the tools they have gained in the program, strengthening their local economies by creating jobs and economic opportunities, surpassing local and national averages in growth.
The opportunity to come together with other business owners, sharing insights and advice with peers and learn from one another is a huge part of the 10KSB program.
“When you start your own business, you end up doing a lot of learning on the job,” noted Moore. “Some of those lessons can be painful, some costly, some both. Having a group of peers who have learned their own lessons and can be mentors for us is truly priceless.”
Both Moore and Miller are strong proponents of businesses in working together, serving on the board of directors of the Payson & Santaquin Area Chamber of Commerce, Moore is President and Miller is Treasurer.
“The 10KSB program really helped us look at our businesses from every angle,” added Moore. “By measuring our goals and analyzing our efforts, we can see the direction our business is going in as we plan for the direction we want it to go in. That’s how we build lasting success.“
Business owners can learn more about the Goldman Sachs 10KSB program and see if they qualify at www.10ksbapply.com.