“Transitioning Entrepreneurs to CEOs”
A program of the Mid-South Minority Business Council Continuum, the Memphis Business Academy was launched in 2002 to transition high-potential minority and women business owners from entrepreneurs to CEOs. The core program focuses on the strategies and skills necessary to build and manage scalable business enterprises.
Over 40 businesses have participated in the Memphis Business Academy. Successful graduates include David Boyd of D’bo’s Wings & Things, Melvin Bledsoe of Blues City Tours, Charles Ewing of Ewing Moving and Patrick Neely of Neely’s Bar-B-Que.
Along with the Mid-South Minority Business Council Continuum, founding partners include Memphis Light, Gas and Water, the Tennessee Valley Authority and the Greater Memphis Chamber. Other supporters include AutoZone, Memphis Area Transit Authority and Methodist Le Bonheur Healthcare.
- Targets mature minority and women business owners and their senior executives
- Six-month Advanced Business Curriculum
- Courses facilitated by industry-leading professors and professionals
- Partnering/Mentoring Program
- Three-year Strategic Business Plan
- Business five years or older
- Revenues over $500,000
- Upward revenue trend for three years
- Active participant in MMBC programs/events
- Open to possible venture capital/investor sources
- Must be able to attend all scheduled meetings
- Tuition Fee
In 2011, the Memphis Business Academy added an advanced training course, “Financial Management for the Closely Held Business”. This advanced course teaches business owners how to uncover opportunities hidden in their company’s financial statements and how to gain valuable, bottom-line insights into profit planning, cash budgeting and growth planning.
For more information about the Memphis Business Academy, contact Vertanya Allen, Director of Core Development, (901) 525-6512.