The SBA's Wichita District Office will host the 2014 Emerging Leaders training initiative starting in late April. The Emerging Leaders Initiative is an intensive training course that specifically focuses on the professional development of executives of '2nd stage' businesses poised for growth in Kansas.
The Wichita District Office is seeking a diverse group of 15 business owners or chief executives to participate in the 2014 program. We want the group of 15 to represent varied industries, such as: retail, professional services, manufacturing, technology, etc., including family-owned businesses going through a leadership transition.
About Emerging Leaders Initiative:
Emerging Leaders curriculum was developed, in part, by Boston University Institute of Technology, Entrepreneurship & Commercialization. The program is designed for the participant to emerge a self-sustaining business with a three-year strategic growth action plan with benchmarks and performance targets that creates jobs and builds communities. The program is interactive, pertinent and applicable, so participants have the opportunity to use their own business as a live case study. For this reason, it is not a program for 'start-ups'.
The initiative helps entrepreneurs focus on taking a step back from the day-to-day work and think big picture. The Emerging Leaders Initiative program is considered a global leader in entrepreneurial and business development by The World Bank. It is a rigorous executive-level curriculum tailored to the needs of small business owners.
Participants will graduate the program with a 3-year growth plan that has been vetted by peers and business experts and is based on their individual business’ situation and goals. In addition, the participants will have access to a network of peers and business leaders who can continue to provide support and accountability as the growth plan is implemented.
Participants will be a part of a tight-knit group that builds trust and relationships over time. They will help each other think outside the box, and develop creative solutions with tangible action steps. The initiative is interactive, fun, and hands-on.
While the seven-month Emerging Leaders program is offered at no cost, the curriculum requires approximately 100 hours of classroom, reading, and project time per participant.
Over the course of 26 weeks (from late April through the first week of November 2014), participants will attend 13 three-hour classes held every other week. Classes will take place in the evening, from 6:00 PM to 9:00 PM, at the Wichita District Office. Class dates will be announced soon.
Background and Statistical Success:
Since 2008, this SBA initiative has trained more than 1,300 promising small business owners, and continues to expand its impact helping small businesses grow and create jobs. Wichita was selected to host the initiative for the first time in 2014.
Sixty-seven percent of surveyed participants reported an increase in revenue while 75 percent of those surveyed reported maintaining or creating new jobs in their communities. Surveyed participants also reported having secured more than $26 million in new financing for their businesses, and an increase in confidence when applying for government contracts. As a result, nearly half of the initiative graduates reported securing federal, state and local contracts, worth more than $330 million.
- Be an established business (in existence for at least 3 years)
- Annual revenues between $400,000 and $10 million
- 3 employees or more, recommended
- Time commitment of the business owner (or executive "decision-maker") to dedicate themselves to attend every class, and complete course assignments. In total, it is a 100 hour commitment. Only one representative of a business can participate in the program.
Interested and qualified small business owners are encouraged to apply at: http://www.interise.org/sbaemergingleaders
For more information about the 2014 Emerging Leaders Initiative, please contact Michael Aumack at (316) 269-6275.