Business Velocity platform designed to assist revenue-generating companies with growth challenges and sales opportunities.
Cincinnati, OH – The Sudduth Society’s Business Velocity program has now graduated more than 20 companies representing over $8 million in revenue. Companies network and discuss a variety of growth topics over a 10-week period, which they can instantly implement into their business.
The result of this partnership between the Greater Cincinnati African American Chamber and SQUARE1 is nearly $4 million in revenue growth for graduates.
One Velocity success story is is Orchestrate Technologies. Company co-founder Vincent Williams participated in the program, and revenues soared to over a $1 million. This growth resulted in Orchestrate Technology being accepted into the Cincinnati USA Regional Chamber’s Minority Business Accelerator.
“Orchestrate is the mold for the type of company we seek” explains Keith Schneider, President of SQUARE1. “Vincent already had a great company, strong client relationships, and the team to support growth. We provided tools and expert-driven workshops on key business topics that don’t always get the attention they deserve, but are essential for managing growth.”
“I saw an email from Keith describing the program and thought it would be a tremendous experience,” states Williams. “For those with business experience, it acts as a true refresher guiding you to reflect on the current state of your business and plan for the future. For those running businesses with no formal business training, it is like a condensed MBA.”
The Sudduth Society classes are limited to roughly 10 participants and meet for 90-minutes weekly to learn from and collaborate with subject matter experts on key business topics that significantly impact success. The program delivers engagement opportunities with purchasing professionals from numerous companies as well as the networking and collaboration with previous graduates to tackle businesses issue and new sales opportunities.
Graduates from the program have gone on to earn five-figure state contracts, close new contracts through relationships built during the program, and raise tens of thousands of dollars in capital to support their growth.
The African American Chamber hosts the program with funding from the City of Cincinnati, which also participates in several aspects of the program.
SQUARE1, a nonprofit delivering startup and growth programs for B2B focused companies throughout the region, partners with the chamber to execute the program and provide continued support for the graduates.
More information can be found at startatsquare1.org including an application for the program. Apply now to be considered for the next cohort starting in February.
Beyond the classroom, the Velocity platform provides networking opportunities with procurement professionals throughout the region with the goal of connecting companies to their next customer. Along the way, participants are introduced to new financing options, connected with other entrepreneur support resources, and become a part of the larger group of growth-oriented companies that have graduated the program.
“The networking opportunities and connections alone are worth the investment of time,” says Yvan Demosthenes, a participant in the most recent program. He adds: “It is eye-opening to see how much support you can find for your small business. Without this program it is so hard to find.”
About The Sudduth Society
The Sudduth Society is a partnership with the Greater Cincinnati/Northern Kentucky African American Chamber and SQUARE1 through funding from the City of Cincinnati. In 90-minute weekly sessions over 10-weeks, this program delivers a hyper-growth business curriculum that provides introductions to and opportunities with regional procurement professionals. It helps existing businesses build capacity to become the region’s next set of high-growth, minority-led businesses.
About the African American Chamber
The Greater Cincinnati and Northern Kentucky African American Chamber of Commerce is the largest African American Chambers in the State of Ohio. We are as committed to inclusion as we are to business development; and as focused on advocacy as we are on building capacity. We will leverage regional partnerships and collaboration with organizations and supplier diversity and inclusion experts to empower your business to succeed.
SQUARE1, a not-for-profit, is an entrepreneur education and business igniter providing resources to a broad range of individuals interested in turning ideas and research into thriving businesses. To uncover, educate, support, and inspire underserved entrepreneurs.
President, SQUARE1, Inc.