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Press Release

ANDERSON STUDENTS PROVIDE ASSISTANCE TO SMALL BUSINESS OWNERS

December 14, 2011

(Albuquerque, NM) The UNM Small Business Institute (SBI) at the Anderson School of Management is now accepting applications for the spring semester to help small business owners create business, expansion, and marketing plans. The institute also helps businesses in conducting market research, financial analysis, and strategic review of their operations.

There are a limited number of openings available each semester for graduate and undergraduate students, guided by Anderson School faculty advisors, to provide consulting services to small business owners in the Albuquerque area.
During the fall semester, UNM students worked with 22 businesses, ranking Anderson as the nation's second most active student consulting service. The cost to local business clients is $500; a modest fee considering private consulting services can cost hundreds of dollars an hour.

"This group of students was fascinating to work with, and had excellent feedback ending with a top-notch presentation," said SBI client Julie Ismari-Crawford. "As the owner of Jobflikz, I had great satisfaction from this experience, and would highly recommend this program."

The student consultations are provided as a community service, and the $500 fee covers expenses associated with the project, such as travel, printing and binding. Business 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.

Since its founding in 1978, SBI has successfully helped more than 600 businesses including startup companies, expanding businesses, non-profit organizations, and family businesses, and it continues to grow.
"We have a much smaller economic zone with significantly less business entities compared to other universities," says Dr. Raj Mahto, Director of the SBI. "However, I am sure we will become the nation's leader in student consultations sometime next year."

Small business owners can apply online at https://sbi.mgt.unm.edu/ before the December 24 deadline. Space is limited. For more information contact SBI Coordinator David Hammitt at (505) 277-8869 or via email at sbi@unm.edu.

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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.

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