The Big Power of Small Business

The video discusses Carl's transition from corporate America to starting his own business in energy efficiency services. Despite facing setbacks during the 2009 economic downturn, Carl's business has grown significantly, generating $28 million in revenue and creating 75 jobs. The video also highlights Goldman Sachs' initiative to support small businesses through education and capital, addressing challenges like hiring, access to capital, and employee training.

What industry did the entrepreneur transition to after the economic downturn?

• Renewable energy

• Energy efficiency services

• Corporate consulting

• Financial services

What is one of the main reasons Goldman Sachs supports small businesses?

• To expand into new markets

• To reduce competition

• To promote economic growth

• To increase their own profits

What are the three main challenges faced by small businesses according to the transcript?

• Marketing, technology, and logistics

• Hiring, access to capital, and training

• Product development, sales, and distribution

• Customer service, branding, and innovation

Where do small businesses often turn to for capital when banks are not an option?

• Crowdfunding platforms

• Venture capitalists

• CDFIs and alternative lenders

• Government grants

How many entrepreneurs have been reached through the program mentioned in the transcript?

• 8,500

• 6,700

• 5,000

• 10,000