John Jerman Graduates From Goldman-Sachs Program

Friday, January 12, 2018

John Jerman, founder and president of Office Furniture Warehouse, has graduated from the Goldman-Sachs' "10,000 Small Businesses" program. 

Mr. Jerman was one of 154 small business owners from almost 40 states and territories selected to  participate in the program based on company history and performance. Now, JJ is bringing what  he learned back home to Chattanooga. 

Mr. Jerman completed a series of online courses, broken up by two week-long modules at Babson College in Boston and three individual work weeks to develop an in-depth growth plan. The education is focused on firming up the foundational aspects of a small business and preparing that business for steady, continued growth. 

The program is based on the belief that, "Provided with the right mix of training and support, America's small business owners can grow their companies and create meaningful impact in their communities." 

"What I learned was not necessarily about what the future has to offer - rather, I learned about maximizing the potential of what small businesses have to offer the future," said Mr. Jerman. 

Sixty point nine percent of participants have experienced job creation in their organizations and 81.9 percent have increased revenues in the 30 months following graduation from the program, compared to respective national averages of 23 percent and 45 percent. 

In the 10 years with Office Furniture Warehouse after his career in architecture, Mr. Jerman has seen shifts in how people work and how spaces are built.

“As industries, contract furniture and commercial real estate draw close parallels," said Mr. Jerman. "While contract furniture remains focused on big, established brands, its evolution places emphasis on design, value and ease of use. Similarly, commercial real estate parcels are moving from costcutting densification toward designing for experience in a ‘war for talent’ of sorts. Both industries are seeing a shift, at least in approach, from a cost standpoint to a value standpoint. We’ve found one key to creating value is looking at the long-term: considering lifecycle costs as well as initial."

Furniture, fixtures and equipment represents such an opportunity to create value. It often also represents 12-25 percent of the total investment in a commercial buildout. Proper planning, purchasing and management of these assets enables organizations to maximize their value beyond their depreciable (or "useful") life. 

“Without giving too much away, the growth strategy developed at Babson is aimed at helping Office Furniture Warehouse innovate in the sphere of furniture selection, procurement and asset
management," said Mr. Jerman. "More to come soon on an exciting new step for Office Furniture Warehouse." 


Startup Spectruss Sees Record Growth

Spectruss, a full-service marketing agency based in the Chattanooga area continues rapid growth through its virtual CMO service that provides clients direct access to the expertise of an in-house marketing team minus the premium salary of hiring a full-time marketing director. Additionally, the agency recently hired multiple new team members to support their continued ... (click for more)

New Hamilton County Businesses

Here are the new business licenses from the County Clerk's office: ALL SOUTH ROOFING CLINTON  CURRIE 4 ROOFING & SHEET METAL WORK 651 E 4TH ST STE 200 CHATTANOOGA TN 37403 AUTHENTIC SEVEN LENISE  BELL 2 CLOTHING SALES 541 CEDAR GLEN CIR CHATTANOOGA TN 37412 BLISS NAILS & SPA BRIAN  NGUYEN 3 PROVIDING MANICURE ... (click for more)

WWTA Releases Timetable That Would Have Ooltewah Sewage Treatment Plant In Operation By 2025; Public Meetings Set At Central High

The Hamilton County Water and Wastewater Treatment Authority has released a timetable that would have a new sewage treatment in Ooltewah in operation by 2025.   A request for a site at Mahan Gap Road goes before the Planning Commission at Nov. 12 at 1 p.m. It goes to the County Commission Zoning Committee on Dec. 12 and the full commission on Dec. 19.    ... (click for more)

Mark Hazelwood's Attorneys Ask That He Be Allowed To Spend Christmas With His Family

Attorneys for former Pilot Travel Centers president Mark Hazelwood are asking that he be allowed to spend Christmas with his family before self-reporting to begin serving a 12 years and six months federal prison sentence. Judge Curtis Collier of Chattanooga on Sept. 26 allowed Hazelwood to remain at his Knoxville home until after Thanksgiving. He set the report date at Nov. 26. ... (click for more)

Too Many Questions

First it was about 2,000, then we were told it’s up to 4,000. We have no way of knowing who’s coming or what their purpose is. NBC and CNN assure us they are seeking sanctuary but how can we know? Neither Honduras or our subjective media in America have been honest with us in the past. So, how do we know why that many people are marching across Central America?   ... (click for more)

Roy Exum: Who Do You Trust?

About this time last month a 25-year-old kid with a fresh degree in “public policy” left me a phone call hoping to get my views. Joda Thongnopnua is the Democratic candidate for the State House in District 30 and he is like a load of other erstwhile politicians in my experience who I’ve never heard of but “really want to meet me” … this with less than a month before they “really” ... (click for more)