Spring 2020

Office Hours: Opportunity Knocking

Richard Bliss
Listen

Babson’s first Posse mentor now leads the Goldman Sachs 10,000 Small Businesses program.

Richard Bliss had only recently heard of Babson when he first received a call from the dean with an unexpected offer to interview for a faculty spot. Bliss, then teaching and completing his PhD at Indiana University, was dubious about leaving the trappings of a huge public university.

“I’m going to go to a tiny private school? How can there be opportunities there?” Bliss recalls wondering. “It was just the opposite. Opportunities are everywhere.”

Now in his 23rd year at Babson, the professor of finance—who received the prestigious Walter H. Carpenter Prize in 2017 for his contributions across campus—always answers when opportunity knocks.

One of the most prominent examples is proudly represented by a well-worn basketball that sits on the bookshelf of his understated office. It’s signed by the 11 members of Babson’s first class of Posse Scholars, for whom Bliss served as mentor from 2004 to 2008.

That experience—including the academic achievements, the life lessons, and even the high-intensity basketball games the group shared—had almost as much of an impact on Bliss as it did on his students.

“It really forced me to be a little more empathetic,” Bliss says. “Not ever having kids of my own, I think it made me understand some of the frustrations and rewards that probably come with parenthood.”

The program—which welcomes its 17th class of Posse Scholars this fall—has produced a remarkable 97% graduation rate.

“It’s just really nice to see kids whose lives have changed dramatically,” Bliss says.

Today, Bliss splits his time teaching courses on campus while mentoring a completely different type of student. He serves as the national academic director for the Goldman Sachs 10,000 Small Businesses program.

A decade ago, Bliss and his Babson colleagues, led by Professor Emeritus Patricia Greene, helped start the program—a $500 million initiative that aids small business owners with training, business support, and access to capital at 19 sites around the country. When Greene stepped aside as academic director four years ago, Bliss took the reins.

The impact has been undeniable with more than 9,000 businesses having graduated from the program.

“It’s like no other sort of teaching, because these are businesses, often in underserved communities,” Bliss says. “Our data shows they grow more quickly in terms of revenue, and they hire more people, so we know the program works.”

The program will achieve its objective of helping 10,000 businesses sometime this year. But with recent launches in Iowa, New Hampshire, and Ohio, Bliss and his team see no shortage of small businesses that would benefit.

Approaching a quarter-century at the College, Bliss says he is in no hurry to step away, not from the Goldman Sachs businesses and not from his Babson students.

“I love what I do here,” he says, “and I want to continue evolving my teaching here.”

Plus, who knows when opportunity may knock again.

Posted in Community

More from Babson Magazine »

Latest Stories

Students walk on Babson's sunny campus.
Leading the Way: Babson Wellness Chief Elevates Well-Being Priorities in Higher Education Ryan Travia, associate vice president for student success at Babson, issues a call to embrace well-being as central to student success in an upcoming book that offers a roadmap to leadership in student health.
By
Hillary Chabot
Writer
Hillary Chabot
Hillary Chabot is a writer for Babson Thought & Action and Babson Magazine. An award-winning journalist, she is known for her insightful reporting and dedication to detailed storytelling. With a career spanning over two decades, she has covered a wide range of topics, from presidential campaigns and government policy to neighborhood issues and investigative series. As a reporter for The Boston Herald, Hillary earned a reputation for tenacity and integrity. Her work at Babson College fuels her passions—to learn something new every day and conduct thoughtful, empathic interviews. She’s thrilled to be at Babson College, where students, faculty, staff members and classes provide compelling copy daily.
October 8, 2025

Posted in Community, Insights

7 women standing on stage holding awards
Six Visionary Leaders Honored by the Frank & Eileen™ Center for Women’s Entrepreneurial Leadership As part of its 25th anniversary celebration, the Frank & Eileen™ Center for Women’s Entrepreneurial Leadership presented Legacy & Impact Awards to six women whose vision and leadership continue to shape Babson and the world.
By
October 8, 2025

Posted in Community, Entrepreneurial Leadership

A woman points to a presentation in a meeting
Why Analytical Thinking Is the Cornerstone of Strategic Business Decisions Business decisions are rarely simple. Analytical thinking is critical for leaders to identify and navigate the options in front of an organization, so it’s important to develop analytical thinking skills in order to make smart decisions.
By
October 7, 2025

Posted in Insights