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Press Release

BUSINESS HELP A PHONE CALL AWAY

December 4, 2000

ALBUQUERQUE - Just where is a businessperson to go for help? A quick call to The University of New Mexico's Small Business Institute (SBI) at The Anderson Schools of Management may be the right first step.

"We are making a real difference in small businesses in the community," said Alice Hopkins-Loy, an MBA student at The Anderson Schools who is serving as this year's Institute Coordinator. "At the Institute we are dedicated to helping small businesses succeed while ensuring a dynamic educational opportunity for our advanced graduate and undergraduate management students."

Founded in 1978 with funding from the Small Business Administration, today's SBI provides free management consulting services to Albuquerque-area businesses. Focusing on companies ranging from single entrepreneurs to those with 300 employees, the SBI coordinates matches between company needs and student consulting teams.

"The typical kinds of businesses we work with are retail stores, importers, wholesalers, service providers, and non-profit agencies. Many of the businesses are family owned," said Hopkins-Loy, explaining that services have included creating business plans, marketing assessments, organizational efficiency evaluations, strategic planning documents, and short term internship assignments. The work students typically do for clients is valued at $10,000 per project, according to the Institute's Coordinator.

The SBI matches its small business clients with student teams based on needs and skills, respectively. "Our primary selection criteria for determining a client's eligibility for our services is a commitment on the client's part to work enthusiastically throughout the semester with their student team," said Hopkins-Loy. The student teams are selected by enrolling in some of the business school's challenging planning courses, including strategic management, organizational efficiency, and new venture strategies.

The program, which has served more than 500 small businesses in the last decade with more than 1,500 students participating on consulting teams, is under the direction of Professor John Young. For more information on the SBI's services, call 277-8869.

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The Anderson School of Management at the University of New Mexico is dedicated to excellence in professional management education. At the Anderson School, faculty, staff, and students are committed to shaping the intellect and character of the next generation of business leaders, advancing the knowledge and practice of management, promoting economic development, and building a vibrant intellectual community that serves the highest and best interests of all our stakeholders.

The School was founded in 1947 and now offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by The Anderson School of Management Foundation. For more information, the public can visit www.mgt.unm.edu, email info@mgt.unm.edu, or call (505) 277-6471.

PHOTOS, INTERVIEWS, AND FURTHER INFORMATION AVAILABLE ON REQUEST