The students conduct an in-depth analysis of the business and its industry prior to recommending solutions to the small business client. Then, they focus on a particular problem or opportunity and recommend solutions or courses of action to implement. At the end of the semester or quarter, the SBI client receives a thorough written and oral report from the student team. Additionally, student teams work with local community leaders to develop an economic development strategy to bring businesses to the community as well as to develop the businesses that already exist. The SBI program is a win-win situation for both business and students.
Businesses receive consulting at a nominal fee or at no charge.
From 1991 to 1992, SBI clients created 10,697 net new jobs as a result of the SBI consulting they received. SBI clients made numerous changes in their business operations based on the recommendations of the SBI consultants. Those businesses that made the recommended changes created more jobs and generated higher revenues than those clients who did not make the recommended changes. You must have an operating business. You must be willing to meet with the student project team for six to eight 60-90 minute meetings.