Intentionality with Dominique Featuring Richard Coughlan of University of Richmond

Richard Coughlan

Welcome to another episode of Intentionality with Dominique with your host Dominique Simpson Milton, sponsored by The Carolinas-Virginia Minority Supplier Development Council. In today’s segment, we are joined by Richard Coughlan, Faculty Director of Executive Education at University of Richmond.

The mission of this show is to improve the success rate of entrepreneurs and show them how to become valued and in demand suppliers in the marketplace so they can scale their business.

The Intersection of Development and Opportunity

Imagine the impact of stepping back from your business to engage with experts and peers, to not only learn but also to share in a week-long immersive experience that promises to shift your trajectory towards growth. It’s like having a master mechanic fine-tune your vehicle while you connect with other drivers who share the road to success.

Dominique Simpson Milton, an intentional connector and host of the show “Intentionality with Dominique”, introduces us to such an experience—a program designed to empower minority business owners with the tools, strategies, and networks they need to thrive.

A Decade of Impact: University of Richmond and CVMSDC’s Joint Venture

For over 15 years, the University of Richmond has been working hand in hand with CVMSDC to deliver an Executive Program that’s more than an educational course—it’s a transformative experience. As Richard Coughlan from the University of Richmond recounts, the program was born out of a chance meeting and a shared vision to educate minority business owners, not just theoretically, but with real-world applications.

But why should an entrepreneur consider putting their business on hold to attend such a program? It’s simple: the rewards outweigh the pause. With a curriculum crafted in collaboration with corporate partners, each session is tailored to address current market demands and equip business owners with the foresight and skills to navigate them.

Curriculum That Drives Results

The program’s curriculum is built around critical areas that impact business growth:

  • Strategic Planning: Two of the nine half-days are dedicated to strategic planning, ensuring participants leave with actionable steps for their businesses.
  • Finance: Understanding the drivers of revenue and cost improvement is crucial, and the program breaks down finance into digestible, engaging lessons.
  • Marketing and Leadership: These sessions ensure business owners are equipped to lead their teams and market their products effectively.
  • Negotiation: A favorite among participants, the negotiation class arms entrepreneurs with the skills to close deals confidently.
  • Sustainability: Reflecting the evolving business landscape, the program includes sessions on environmental, social, and governance (ESG) topics to keep businesses modern and relevant.

Success Stories That Inspire

The marker of a program’s success lies in the stories of its alumni. From Moses Foster, who after attending, returned as a marketing instructor, to Andrea Lyons, who significantly grew her event planning business, the testimonies speak volumes. These narratives are a testament to the program’s impact, proving that a week of focused learning can lead to a lifetime of business advancement.

Your Business, Supercharged

If you’re a minority business owner wondering how to navigate the complex terrain of entrepreneurship, consider this: a development program designed with your unique challenges and opportunities in mind. It’s an investment in your business’s future, a chance to align with like-minded professionals, and an opportunity to gain insights from some of the best minds in business education.

Key Takeaways

  1. Development is an Investment: Embrace educational opportunities that provide in-depth knowledge and practical skills to enhance your business.
  2. Connect and Grow: Networking with peers and experts offers invaluable insights and opens doors to new possibilities.
  3. Relevance is Key: Programs that evolve with market trends ensure you stay ahead of the curve.
  4. Success is Shared: Engaging with a community of entrepreneurs leads to collective growth and individual success stories.

Visit cvmsdc.org for more resources on supplier diversity and to connect with a community dedicated to intentional business growth. Remember, in the words of Dominique Simpson Milton, “we must always, always remain intentional to gain knowledge, skills, and connections so we can grow and thrive in business.”

Connect with Richard Coughlan
LinkedIn
Robins School Of Business
rcoughla@richmond.edu

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