Goldman Sachs’ $500 Million, PR and No Tangibility 2020TAGS
As Goldman Sachs fiddles and dithers, Rome is burning…
Ask yourself after reading this blog, do you want to do business with Goldman Sachs?Â Â Business On-Line Cafe blogs opine and you decide…
The Goldman Sachs Group, Inc. is a leading global financial services firm providing investment banking, securities and investment management services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
The Goldman Sachs Group is widely opined as the bad boy of the Global Crisis, borrowing from everyone and escaping the scrutiny of small business and small enterprise.Â Goldman Sachs equals Investment Banking …big business zone only!
Goldman Sachs attempted to restore credibility post its reputation as the most “hated” investment group involved in the Global Recession by announcing in November 2009 that it would invest in small business.Â Kind of a “payback” to the Global community for its help from the U.S. Treasury and the U.S. Fed and U.S. Taxpayers for its favoritism and bailout.
Trying to subside the bad taste of the Goldman Sachs name, it marched out Money Guru Buffet (like Obama did), to add credibility to its efforts to reclaim its reputation.Â Not stopping there, Goldman went politically correct by naming Bureaucrat Dina Powell to be in charge.
So, what has Dina done?Â Let’s see …
Her first task was to set up a program called 10,000 Women–an initiative to foster entrepreneurship among women around the world.Â No payback to U.S. taxpayers there?
Getting on the Obama bandwagon, Nina and Goldman are “actively involved in Community Development.”Â Right!?Â What does that mean to U.S. small businesses?Â Â Can you say “squat”.
So, when does this money supposed to begin flowing and where?Â Nina says “oh sometime in 2010.”Â Okay, okay and where?Â How about in the middle of nowhere like “inner-city New York.”Â Great choice…not.
According to an interview with Inc. Magazine, “how does a small business get it’s name on the list?”Â Nina states, “I know I keep referring to the model I have with 10,000 Women, but I want to note that that program has a 14-percent acceptance rate, and we think 10,000 Small Businesses will operate in a similar way. To identify candidates, we’ll be working with our partners such as the community colleges and universities, plus other partners like the Urban League and the Hispanic Chamber of Commerce–the gentlemen who head these organizations are on our advisory council, for example. We’ll also be sourcing candidates through local chambers of commerce. Our criteria are that a business must have between $150,000 and $4 million in revenue, four or more full-time employees, and that it has been in operation for two years at a minimum.”Â Does this sound like small enterprise to you?
And, finally, the real kicker… in further response to a “wimpy” Inc. interview, with no aggressive Q&A, what about start ups (the key to creating jobs and innovation)?, Nina is reported to have said “NO.”Â In fact, according to Inc.,
“Only established businesses. Goldman only wants people who have shown vision and passion already and are eager to use the access to skills and networking and contacts that we can provide them with. Our bottom-line objective is to aid entrepreneurial small businesses so they can go out and create jobs and grow.”
So, Inc., doesn’t this beg the question a second time?Â Like, hey Goldman what is your definition of entrepreneurism, start ups and small business?Â If the enterprise is making $4 million USD, only in Goldman Sachs terminology is that a small business.
So, Goldman strikes out once again with PR and No Tangibility, and Inc. wasted a perfectly good moment.Â This blogging opine, states that Goldman and Buffet are spewing garbage and the truth is Goldman Sachs deserves the “turn your back to them” response from small business.Â As a matter of consequence,with a clearer vision, entrepreneurs, enterprises and enterprise associations can now shift and compensate for enterprise dead-zones with an ear toward the screaming marketplace opportunities. Sociobusiness collaborations within responsible socio/business networks, stimulates mutually beneficial enterprise building ideas into multiple market opportunities and expanding working capital markets for enterprises. In exclusive collaborations, like magnets attracting to another, competition abounds and dead-zones are replaced with continuous enterprise development zones.
Seeing Into Enterprise Markets 2020TAGS, provides a clearer vision and an ever focused ear, listening and collaborating for responsible socio/business network(sm) success and an environment of successful continuous-enterprise-development-zones.
Adding to this opine, Goldman Sachs is part of the “dollar boarding” of America and caution should be advised when giving Goldman a break.
What?Â Dollar-boarding?Â Goldman and like read more>>>
Enterprises Survive the “Dollar Boarding” of Big Business and Enterprise Development
Entrepreneurs and Enterprises aspiring for competitiveness may choose to stay private when currencies are flooding the markets and governments begin exercising controls.
Much different than cooperative government that enables the sharing of tools, business services and publishing opportunities, “dollar boarding” creates a non-competitive bubble where working capital, offered from government, translates to government control and a myriad of bad decisions for enterprise development.
While on track to preserve financial institutions, competition is not the focus for some economies and governments. One government, public official rationalized the sacrifice of enterprise competition for the greater of the whole by stating words to the effect, “…when your neighbor’s house is on fire, arguing about the “hose” is not productive.”
A enterprise intelligence suggestion for developing entrepreneurs and enterprises, jump in for the money and contaminate your business model. Where policies pump money into black holes, your enterprise may be sucked down with the government, co-sponsored enterprises that have been “dollar boarded” to keep them afloat.
Surviving entrepreneurs and enterprises develop with working capital models. Should some capital be required, look to a socio/business network(sm) or collaborative opportunities between like-minded enterprises and or private capital funding. The diligence of your efforts in private working capital will create multiple enterprise opportunities, free from barriers that “dollar boarding” will create.
Enterprise Intelligence and Enterprise Opportunities at your fingertipsâ€¦small enterprise deliver!
Entrepreneurs, Enterprises and Associations, collaborate together in culture and commerceâ€¦small enterprises deliver, socio/business collaboration.
Replete with Bureaucrats and Big Business Geeks …”investment banks are investment banks,” and are inept when it comes to small enterprises and small businesses!