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Goldman Sachs' Entrepreneurial Classes May Be Good News For Small Business Owners

Written by Ken Gaebler
Published: 2/1/2011

Small business owners gain benefits from Goldman Sachs classes

Many American entrepreneurs who have an idea of a business to start have already benefited from classes held by Goldman Sachs, aimed at teaching them some of the finer points and providing some startup capital, according to Bloomberg Business Week.

Entrepreneur Startup Team

Jessica Johnson, one of the 10,000 Small Businesses program's first graduates, said traditional business education had been insufficient preparation for the world of the entrepreneur.

"I went to business school, but that really prepared me to go to work for somebody else," she told Bloomberg, adding that her business has expanded since she took the intensive courses and added employees. All-day courses took place once every Saturday for 10 weeks.

Goldman Sachs representatives told the news agency that they had seen additional jobs created at 80 percent of the small businesses whose heads had successfully completed the program.

According to many small business authorities, education is critical to getting ahead. An entrepreneur who knows the risks and realities of his or her marketplace better than the competition is in prime position to outperform them.

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