Harvest Business Advisors typically works with business owners ready to sell their businesses and one of the common refrains you’ll hear from our brokers is to “build your business to sell your business”. With that in mind, we encourage you to consider the Small Business Administation’s, SBA, 2019 Emerging Leaders Initiative program for small business owners.
For over a decade, the SBA has provided no-cost entrepreneurship education and training for executives of “poised for growth” companies (typically business that have been operating for at least three years, with annual revenues of at least $250K).
Unlike programs for start-ups or new businesses, this program is geared towards businesses ready to develop a growth strategy.
From the SBA website, the Emerging Leaders Initiative program includes:
- A three-year strategic growth action plan with benchmarks and performance targets to help the participant emerge as self-sustaining businesses that creates jobs and build communities
- Includes 100 + hours of professional specialized training and peer-to-peer counseling delivered over the course of seven months
- Specialized areas of training include:
- Growth Strategies Plans
- Financing and Access to Capital
- Government Contracting
- CEO Mentoring
The Emerging Leadership Initiative program provides – at no-cost – the opportunity to grow and strengthen your company. If you qualify, we encourage you to connect with the SBA to discuss the program further. It’s quite an opportunity – especially for companies that work in government contracting.