If there is a defining symbol of the first decade of the 21st Century, it is the entrepreneur. As the old business model moves to China, entrepreneurs are creating a new breed of capitalism in America with tech start-ups and reinventions of traditional business models. They are rapidly reshaping the way we live – and doing very well during one of the deepest and longest recessions in our nation’s history.
It seems everybody wants to be an entrepreneur these days. And in this town, the highest concentration of this rockstar archetype is found here, in the Nashville chapter of the Entrepreneur’s Organization. Problem is, your business must generate at least $1 million in annual sales to join EO. So how do budding entrepreneurs get invited to the party?
Now there’s a way.
To serve entrepreneurs whose companies have not yet reached $1 million in annual sales, EO Nashville has partnered with the Nashville Entrepreneur Center to create a new program called “Catalyst.” The inaugural 18-month Catalyst program will begin Aug. 30.
This program, modeled on EO’s own brand of educational programs, experience sharing, and team problem solving, is designed to assist these small business owners grow their companies with the help of others in this community who’ve already done so. The best way to correct a mistake is to learn from someone else’s and avoid the problem altogether.
The first Catalyst class will consist of 20 members. To qualify you must be the founder, co-founder, owner or controlling shareholder of a local company grossing between $250,000 and $999,999 in annual revenue.
The program will cost $2,500 and participation will offer three distinct benefits: education, experience sharing and mentorship.
The program will kickoff with 12 biweekly classes taught by EO Nashville member Michael Burcham, president and CEO of the Entrepreneur Center. Other EO Nashville members will take part in each class to share experiences with participants.
The first six months of the program will allow small business owners to refine their business model, and establish a roadmap to get over that $1 million revenue mark.
At the conclusion of the classes, Catalyst participants will be broken into smaller peer-to-peer forum groups. The groups will meet monthly for 12 months with the first six meetings led by two EO Nashville members. Catalyst participants will also be invited to EO members-only learning seminars and social outings.
Catalyst members will also engage in one-on-one mentorship with an EO Nashville member.
Interested business owners can attend one of two informational meetings hosted by the Entrepreneur Center on July 12 and August 9 at 5:30 p.m. RSVP instructions can be found on this blog under the “Catalyst Schedule” tab.