Home Posts tagged Business Consulting
Special Coverage Where Are They Now?

Where Are They Now?

 

Samalid Hogan

Samalid Hogan as a 40 Under Forty honoree in 2013 (below), and today.

Samalid Hogan in 2013

Samalid Hogan in 2013

 

Samalid Hogan likes to say she practices what she preaches.

By that, she means she applies what she tells her small business consulting clients — as well as those she assists as director of Business Support Services for the Boston Impact Initiative — to her own entrepreneurial ventures, including her latest one, Greylock Management Consulting, for which she has some ambitious expansion plans we’ll get to in a bit.

“I tell people the most important things are to know what your business is really good at, and keep an eye on the market, the industry, so that you know where things are going in the future, so you can be prepared to pivot and change your business model,” she said, adding that she does just that with Greylock, a growing venture that provides a wide portfolio of services that will soon get wider.

Hogan also likes to say she speaks the language of small business owners — because she’s been there (and is there), so she can relate to what they’re going through. She can speak from experience about what has gone right and, just as importantly, the mistakes she’s made and seen others make.

Hogan’s résumé is complete with a number of stops involving work with small businesses, many other aspects of economic development, and work on both a community- and region-wide basis. And while assisting entrepreneurs at many of these stops, she has always been entrepreneurial herself.

Indeed, her first professional stop was chief of staff for state Rep. Cheryl Coakley-Rivera in 2003. Later, she served as an economic development and policy analyst for the Pioneer Valley Planning Commission.

She was working as senior project manager and brownfields coordinator for the city of Springfield when she was selected as a member of BusinessWest’s 40 Under Forty class of 2013, and she was serving as regional director of the Massachusetts Small Business Development Center when she won the coveted Alumni Achievement Award — given each year to a 40 Under Forty alum who has most notably built on their success — in 2017.

Along the way, there have been entrepreneurial ventures of her own, such as CoWork Springfield and different consulting ventures, culminating with Greylock, which she launched in 2021.

There have been several other awards along the way as well, everything from the Women Trailblazers and Trendsetters Award from the Latino Chamber of Commerce to the Harold Grinspoon Foundation’s Entrepreneurial Spirit Award; from the Gateway Cities Innovation Award to her latest honor, the ALX 100 Award for Latino Leaders in Massachusetts.

“I don’t like telling people what to do. I want to help them discover their path, but also learn from others’ mistakes, so they don’t make those same mistakes, which can be costly.”

The various words in those award titles — ‘leader,’ ‘innovation,’ ‘trailblazer,’ and others — speak to how Hogan has dedicated her career to not only inspiring entrepreneurship and assisting small businesses, but also being involved in the community on many different levels.

And while the honors are nice, she says a greater reward has been her involvement, at various levels, with some intriguing entrepreneurial success stories — in this region and beyond. These include Las Kangris Restaurant & Bar in Springfield, for which she helped secure a $50,000 BizMPower grant from MassDevelopment; GJC Signs & Digital Signs; and Rozki Rides, a transportation service in Springfield.

For this latest installment of its Where Are They Now? series, BusinessWest checks in with Hogan, who is always getting down to business — and helping others do the same.

 

Reaching Higher

As for Greylock Consulting, that name was chosen as a nod to the state’s highest mountain and how she can help her clients achieve similar altitude, if you will, with their ventures.

“We want to take small business to new heights,” she said, adding that, as a consultant, and in her work with the Boston Impact Initiative, she acts as a guide of sorts, but one that lets the business owner choose the path. She acts to help keep that path clear of crippling setbacks.

“I don’t like telling people what to do. I want to help them discover their path, but also learn from others’ mistakes, so they don’t make those same mistakes, which can be costly,” she told BusinessWest. “It’s a great advantage, and I think I speak with a lot of credibility with the entrepreneurs. They’ll say, ‘she knows, she understands, she knows this is a 24/7 thing.’ As a business owner, you’re never off the clock. You might go on vacation, but you’re still thinking about it.

“I understand the frustration and the hard work it takes to run a successful business and the ups and downs that come along the way,” she went on. “Whether you’re dealing with people or cash flow issues, or your industry is changing, such as with AI, there’s always juggling.”

Helping business owners keep the many balls they’re juggling in the air has become a career for Hogan. In her current capacity with the Boston Impact Initiative, she provides strategic advisory and technical assistance to early-stage and growth-stage businesses, helping entrepreneurs strengthen business models, financial stability, and community impact.

In that role, she’s been involved in several key initiatives, including the securing of $532,000 in state Small Business Technical Assistance funding to launch and operate Accelerate Your Impact, the agency’s pre-investment business coaching program, as well as co-designing the GreenEdge Accelerator, a statewide program supporting 23 women and minority-owned businesses in the clean energy and climate sectors.

At Greylock Consulting, she is part of a small team that provides an array of services, including business development, operations development, financial models and business plans, applications for funding, technical assistance, marketing, and more.

That team, and that list of services, are both set to grow, Hogan said, adding that she is responding to recognized need in the marketplace with expansion plans.

“We’re going to be offering business support services in addition to the coaching that we do; this will include bookkeeping, human resources, payroll, marketing, and website development, as well as AI tools,” she said, noting that these additions will be launched in April.

“I understand the frustration and the hard work it takes to run a successful business and the ups and downs that come along the way.”

She’s been contemplating this expansion effort for some time now, noting that it was inspired in part by a study on barriers confronting minority contractors in Western Mass. as they bid for contracts. It revealed that, while these contractors were good at their various trades, they needed help with various aspects of running their businesses, such as back office help.

So Greylock is responding to this need in an aggressive but measured way, another example of practicing what she preaches to her small business consulting clients.

“I said, ‘we need something here in Western Mass. that can provide all those services under one umbrella,” she said, sounding like a true small business owner when she added, “I’m excited about all this, and I think it’s going to be great, but I’m also a little nervous. It’s a lot of moving pieces, and I’m bringing on three additional people.”

 

Stepping Out

As she moves forward with plans to expand her business, Hogan is also getting more involved in the community, another aspect of being in business that has always been very important to her.

Indeed, she is currently a trustee at Springfield Technical Community College, a board member at Tech Foundry and the Springfield Regional Chamber of Commerce, a member of the Governor’s Latino Advisory Committee, and vice president of the Rotary Club of Springfield.

“Slowly, I’ve been able to support more community more,” she said, citing, as just one example, becoming a sponsor of the Service Above Self luncheon put on by the Rotary Club and the Basketball Hall of Fame. “To me, it’s very rewarding to be able to make those investments in our community.”

All this sounds fitting for someone who has not only a 40 Under Forty plaque on her desk, but an Alumni Achievement award as well — and continues to build on all of it.