A GREAT OPPORTUNITY FOR SMALL BUSINESS OWNERS
August 15, 2011
Each semester graduate and undergraduate students, guided by faculty advisors, offer their expertise in creating business, expansion, and marketing plans to small business owners in the Albuquerque area. The cost to small businesses is $400 - a modest fee considering private consulting services can cost anywhere from $150 to $250 per hour. The consulting is provided as a community service, and the $400 fee covers expenses associated with the project, such as travel, printing and binding.
A former client and the owner of an Albuquerque recycling business says he was pleased with his comprehensive business plan saying it would have cost him between $20 and $40-thousand to get the same services from a private consulting firm. The SBI students examined the cost and capital he needed to grow his business in a new location and provided him with a five year business plan.
Another client, Diana Torres-Velasquez, Ph.D. of the Latino/Hispano Education Improvement Task Force in Albuquerque, was also impressed with the SBI saying,
"The reports they provided are excellent guides for us to use as we plan our steps to get our organization formalized. The studentsí observations were right on target."
There are a limited number of openings available for the Fall semester and interested small business owners can apply online at https://sbi.unm.edu before the August 19 deadline. In addition to paying the fee, owners must also commit to meeting with the students at least six times during the semester and provide feedback at the end of the semester.
SBI Coordinator Jonathan Kahn says this is a win-win situation.
"Small businesses get top-notch consulting services for a nominal fee, and students get the real-world experience they need but often lack at graduation. There is richness in the experience of actually working with a business owner that you donít get in a case study."
Since it was founded in 1978, SBI has successfully helped more than 6-hundred businesses including startup companies, expanding businesses, non-profit organizations, and family businesses.
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 firstname.lastname@example.org, or call (505) 277-6471.
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