In Their Own Words: 10,000 Small Businesses on Challenges to Growth

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 23 March 2018

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Small businesses make up over 99 percent of all U.S. enterprises, and they employ 60 million Americans, nearly half the national workforce. In this episode, we sit down with Steve Strongin and Amanda Hindlian of Goldman Sachs' Global Investment Research Division to discuss the state of small businesses in America. We also hear directly from some of the small business owners of Goldman Sachs' 10,000 Small Businesses program about their biggest challenges to growth. This podcast was recorded on March 9, 2018. All price references and market forecasts correspond to the date of this recording. This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this podcast does not constitute research or a recommendation from any Goldman Sachs entity to the listener. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefor (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast are not necessarily those of Goldman Sachs, and Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by Goldman Sachs to that listener, nor to constitute such person a client of any Goldman Sachs entity. Copyright 2018 Goldman Sachs & Co. LLC. All rights reserved.

Transcript

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0:00.0	Welcome to what I can officially say is the single largest gathering.
0:09.0	Welcome to what I can officially say is the single largest gathering of small business in this country.
0:17.0	This is exchanges at Goldman Sachs where we discuss developments currently shaping markets, industries, and the global economy.
0:25.0	And today, we're all about small businesses.
0:28.0	You just heard the voice of John Rogers, an executive vice president at the firm, and chairman of the Goldman Sachs Foundation.
0:34.6	In that clip he was welcoming more than 2,000 attendees to the Goldman Sachs 10,000 small
0:39.4	businesses summit held in Washington, D.C. in mid-February.
0:44.0	As you heard him say, it was the largest ever gathering of small business
0:47.0	owners in the United States.
0:48.8	Over the course of two days, these owners discussed their biggest challenges to growth
0:52.4	and also had the opportunity to bring those concerns to Capitol Hill and to their members of Congress.
0:58.0	Here are a few voices of small business owners addressing the crowd.
1:02.0	We are the power of small business.
1:07.0	We are swimming in success and our potential is limitless.
1:12.0	Small businesses have a voice that must be heard and we can make a difference.
1:17.0	The summit was convened by the Goldman Sachs 10,000 small businesses program,
1:21.0	which seeks to help educate and provide access to capital to small business owners.
1:25.0	So far, nearly 7,000 people have gone through the program in the United States.
1:30.1	So on this podcast, we'll hear more from some of those small business owners in their own words.
1:34.7	Joining us in the studio today are Steve Strongen and Amanda Henlion.
1:39.0	Steve is the head of the firm's Global Investment Research Division and also chairs the Global Markets
1:44.8	Institute.
	...

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