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December 11, 2014

 

Following Up with Another Goldman Sachs 10,000 Small Businesses Education Program Winners

5/1/2014

Jeff Anderson from bioRide

Last fall VCC encouraged small business owners from across Virginia to participate in the Goldman Sachs 10,000 Small Businesses education program, a national initiative offering qualified small business owners intensive training and advice from business experts and peers. 

Six entrepreneurs from our state were selected to participate and have now completed the program, which included attending classes at Babson College.

One of the winners, Jeff Anderson, co-owner of bioRide in Richmond, shares some thoughts on his experience below:

1.       What was your favorite part of the program and why?

Meeting people similar to myself. Working for yourself you very rarely get to meet people of a similar mind and spirit. You’re often just too busy. This program let me focus on that type of interaction and I gained a great bit from the peer learning. I’ve been texting two other people in my cohort all day long just today. The program created an extended network for me.

2.       What skills did you particularly want to hone when you signed up for the competition? And did you feel like the training addressed those? 

I wanted to focus on financial analysis and cost accounting. The training more than exceeded expectations.

3.       Have there been any unforeseen challenges with attending the classes?

One common theme among several in cohort was that it’s an incredible program, but you had to make quick adjustments to your schedule in order to make the most of the experience.

I looked at those challenges as an opportunity and so did everyone else. This resulted in more effective time management, so you as an owner can work on the business instead of in the business.

4.       How do you think this training will impact your business?

As a result, I now have more regimented action steps. Every person has goals. It helps to make goals attainable and not just setting goals, but how to involve the entire business around those goals—the HR, the accounting, the culture.

Jeff Anderson and his brother, Joey, started bioRide, a car service with a fleet powered by biodiesel (converted waste cooking grease), in 2010. Their interest in sustainability inspired their business launch, but these entrepreneurs also wanted to “find a better way of doing things and make a positive difference.”  bioRide has an active mentorship program and works closely with the United Methodist Family Services and VCU with opportunities for future entrepreneurs.

Learn more at http://bioriderva.com/about/

Learn about another Goldman Sachs education program winner here.

Small business owners will have the same opportunity Jeff Anderson did with the Goldman Sachs 10,000 Small Businesses program as applications for the Fall 2014 class are now open.

The education portion of the 10,000 Small Businesses program is currently delivered in eleven cities across the country and continues to expand. With the launch of 10,000 Small Businesses at Babson College last fall, business owners from all 50 states have the opportunity to participate together in a national class.

Priority applications are due on May 23, 2014. Eligibility requirements and additional details can be found at www.10KSBapply.com or attend one of the information webinars scheduled for: May 12.

Learn more by contacting Ginny Hodges,Program Monitor & Analyst,at ghodges@vccva.orgor 804.344.5484, Ext. 155.

About Virginia Community Capital:
With offices in Christiansburg, Richmond, and Springfield, Virginia Community Capital (VCC) is dedicated to the prospect of building wealth for all through our lending, deposits, and advisory services. As a community development financial institution (CDFI), our mission is to offer innovative, flexible financial products designed to support housing and community development ventures, increase jobs, and encourage sustainable communities. In partnership with our for-profit bank, Community Capital Bank of Virginia (CCB), the non-profit VCC offers loan capital broader and more flexible than bank lending in low-to-moderate income communities in underserved geographies and markets. Learn more at  vacommunitycapital.org.