Goldman Sachs Helping Small Businesses Flourish...

The video discusses the significant role of small businesses in the UK, employing 14.4 million people and contributing £1.6 trillion in turnover. It highlights the journey of a firm making robotic hands, which benefited from a Goldman Sachs program to overcome market entry challenges. The course helped the firm understand its strengths and weaknesses, improve communication, and build a structured approach to business. The program aims to assist small businesses in accessing capital, hiring effectively, and managing growth.

What percentage of the UK private labor force is employed by small businesses?

• 70%

• 60%

• 40%

• 50%

What was the main benefit the business owner gained from the Goldman Sachs program?

• Increased product sales

• Understanding of market strategies

• Reduction in operational costs

• Access to new technology

How did the business owner's communication change after the course?

• He started using more casual language

• He used more technical jargon

• He became more structured in his approach

• He focused more on product features

What is one of the challenges the course aims to help small businesses overcome?

• Reducing employee turnover

• Accessing the right form of capital

• Expanding internationally

• Developing new products

What is a key focus of the business course for ensuring future success?

• Cutting down on expenses

• Hiring the right people

• Increasing marketing budget

• Improving customer service