Building capacity for Minority and Women owned Business Enterprises
Business development
- Multiple deals were made ranging from $1,000 through $500,000
- One company is projecting their entire company to grow 5 times its current size within three years
- Three companies re-structured their businesses for greater growth and profitability based on several Best Practices they learned
- 75% of participants report the Program helped them to close new deals, meetings, and initiate conversations with prospects
Strategic alliances and networks
- At least 8 strategic alliances were formed within the MBE group, with one of these alliances projecting company revenue growth over 40%
- 2 MWBE companies have founded a new media corporation
- 100% of MWBE’s stated that networking with fellow MBE’s resulted in greater learning and 35% reported forming joint ventures to obtain future business
Team building
- 50% of the MWBE’s learned to engage their teams through Action Planning, and as a result project management has become more focused, efficiencies have improved and the teams feel they are part of the business leadership process
Branding
- 35% of the MWBE’s brought their brand to a new level, by clarifying the brand promise, realigning their messages and marketing materials
A few testimonials from our MWBE’s:
“The Strategic alliance building we learned increased my ability to grow projects’ revenue growth over 40%.”
“We had the opportunity to meet with two important corporate clients. One led to a submitted bid in the range of $200,000, which for us would be a medium to large sized opportunity. The other involves a joint venture with one of the MBEs in the Fast Track program. It would be in the $500,000, which is a large opportunity and a very important one for us.”
“My business now does approximately $6 million in business a year. We are on the verge of picking up a $7 million Verizon contract which if we got would last up to 7 years and bring our company up to $13 million.”
Seedco-certified vendor
- The Growth Opportunity Loans & Services (GOLS) Program – sponsored by Goldman Sachs as part of its 10,000 Small Businesses Initiative, in conjunction with The Clinton Foundation, Inc. magazine, and Booz Allen & Co.
- The Economic Development Administration (EDA) Program – sponsored by the US Department of Commerce
A message from one of our Seedco clients:
“Of all advisers I have had, you are in a class by yourself! You deliver concrete, near term results and their work is helping to drive higher equity for my business in the long term.Their emotionally intelligent team quickly built a strong relationship with my senior team and I. They astutely analyzed my company’s challenges, culture, and potential. Then effectively implemented improvements along every main area of our business.
You helped us with our Human Resources needs and restructured our organization to meet the increased demands of our clients through proper staffing, training, and the development of a performance based culture.
Their Sales & Marketing work has helped us to target and acquire larger and more profitable clients. As my company strives to more than double our revenues over the next two years – in the face of today’s difficult economy – they are my indispensable outside partner who I trust to help turn my vision into a reality.”