PROPEL YOUR SMALL BUSINESS
We know the challenges involved in starting your own business: balancing the books, retaining employees, and getting plugged into the community. When you’re ready to take the leap, we’re here to help you navigate your way through all of those challenges.
The Propel program is a one-of-its-kind opportunity designed for woman-, veteran-, and minority-owned small businesses and disadvantaged businesses including rural, economic, or social disadvantage. The Propel program provides you with one-on-one assistance to help you grow your business, and teams you up with a mentor (an established community business leader) and exclusive mastermind group. Propel has a track record of success in Tennessee, starting with the Knoxville Chamber in 2008. Since then, the program has graduated 26 total Protege Graduates and has helped start new businesses and drawn an economic impact of over $60 million to the community.
- Must be the ultimate decision maker for the business
- Be in full operation for three or more years (exceptions can be made if applicant can show applicable business experience)
- Be generating annual gross sales of at least $100,000 (if not, a business plan is required prior to attending the first program session)
- Agree to provide standard financial documents including balance sheet, income statement, and cash budget and/or business tax returns
- Provide three business references that have known you in your current business capacity
- Agree to Chamber membership for two years
- Articulate clear, measurable goals with the assistance of a mentor
- Have a passion and desire to grow the business
- Be willing to receive coaching from others
- Attend one face-to-face meeting per month with mentor, and one mastermind group meeting per month
How It Works
This is a two-year program for a select, small mastermind group.
There are 10 scholarships available (for 5 urban firms and 5 rural firms) valued at up to $1,000 each per year covering the total cost of the program. This program is funded through a grant from the State of Tennessee's "LIFTTN" initiative in partnership with the Knoxville Chamber's Propel Mentor/Protege Program.
The curriculum will consist of: GrowthWheel Toolbox. Each participant will get a complete kit and work on their own individual action plan and growth plan for their particular business. All participants must attend the first kick-off session, and complete a GrowthWheel® 360° Screening about their business and a personality profile, to help us match them with a mentor. Subsequently, participants complete a boot camp which will meet regularly once a week for four weeks.
After the boot camp, participants will attend an exclusive Propel Mentor/Protege mastermind group at least once a month. Occasionally, there will be a guest speaker presenting on the subject matter that is being covered, and simultaneous webcam conferencing with the Propel cohort in Knoxville. Participants will also be invited to join the private Facebook Group: Propel Proteges with 89 members who are past and present proteges and mentors. Dates will be set in advance, and if you are unable to attend a mastermind group in person, an online mastermind group make-up option will be available to you.
Participants will also be assigned a mentor, from the KOSBE Advisory Council, and required to meet with them once a month, at a time and place that is convenient for both.
KOSBE Advisory Council
- Rob Batot, Owner at Sensational Seasonings
- Chaiba Bloomer, Owner at CKB Global Business Consulting, Inc.
- Sam M. Booher, Partner at Holmes & Stice PLC
- Chris Bowen, Owner & President of Cumberland Marketing
- Lane Dukart, Global Product & Pricing Manager at Eastman
- Pam Corrigan, Owner at GAAM Wealth Advisors
- Keith Cunningham, Owner at The Bagel Exchange
- John Demuth, Owner at Kingsport Imaging, Inc.
- Adam Gray, General Manager at Workspace Interiors
- Michael Holt, Partner at Kaplan CFO Solutions
- Cassandra Honaker, Owner at Millennium Auto Collision Repairs, LLC
- Greg Perdue, Vice President of Commercial Lending at First Tennessee Bank
- Russ Rogers, Chief Operations Officer at Wheels Enterprises, Inc./Honda Kingsport
- Donald Tatum, Food Service Associate at PepsiCo
- Chamber membership
- Feature article inThe Small Business Connection Magazine
- Recognition at the annual KOSBE Awards gala
- Website promotion listing all Mentor/Protege teams
- Propel Protege nametag
- Assigned to a Mentor from our KOSBE Advisory Council, made up of experts who have a vast amount of experience both wide and deep in creating an attractive business concept; establishing a strong organization; maintaining profitable operations; and building lasting customer relations
Each year, from the graduating class, one rural company and one urban company will be awarded a $1,000 cash prize for their efforts and results while participating in the program. Participants must attend meetings and sessions 90 percent of the time to be eligible for the cash prize.
Click here to apply to be considered for the 2018 Propel Program, before the deadline for applications: May 11, 2018.