Sacramento Growth Factory, “SGF” launches to provide hands-on consulting to help local startups and SMBs scale
Sacramento, CA, July 2020 – HaneyBiz, a leader in the Sacramento region entrepreneurial ecosystem, announces the launch of the Sacramento Growth Factory designed to provide hands-on growth consulting services to help early stage startups and small businesses build the capacity to rapidly scale.
“As we assessed the Sacramento region, we talked with too many founders who struggled to find capital or customers in the region. There are so many great programs in the region to help a company get started. Achieving the traction necessary to secure growth capital is what Founders are missing. We are uniquely positioned to support them.” says Rick Spencer of HaneyBiz. “Not only do we have a seasoned leadership team of former CEOs and CFOs that come alongside these founders, but we have a portfolio of trusted partners who can provide cost effective technical expertise in areas like HR, technology, software, legal, accounting and more.”
Over the last several years, HaneyBiz has been integral in catalyzing and promoting entrepreneurship in Sacramento. Last year, CEO, Mark Haney publicly set the goal of investing in and supporting 100 companies that reach $1M+ in revenue by 2029. Mark and the HaneyBiz team call this “group to be” the “Backyard Business Partners” as they plan to celebrate these CEOs with a party in Mark’s backyard. With an angel investment portfolio of 35+ local companies, including local stars like Trifecta Nutrition and eScreenLogic, as well as successful exits like Free Form (acquired by Nikola Motors) and RizKnows, they are well on their way.
“Entrepreneurs are the heroes of the American economy and I believe they are the answer to economic recovery in a post COVID era,” says Mark Haney, Founder of HaneyBiz. “Growth Consulting is not only an obvious next step for this team but is needed now more than ever to help our entrepreneurs…and our communities succeed. Everything an entrepreneur needs is already here in the region. With more case studies of growth, the region can advance entrepreneurship as a leading source of sustainable economic growth.”
The program launched this month working with HaneyBiz portfolio companies, like Hello Puddin’, a premium natural foods company aligned with the region’s goals for precision nutrition in Food & Agriculture. “The HaneyBiz team sat down with me and did an in-depth assessment of my business. From that, we customized a program to address my biggest needs: funding, sales growth, and executive support,” said Danielle Gormley, Founder of Hello Puddin’.
Non-portfolio companies are eligible for the program. Interested companies should submit an application.