Small Business Management
StUDent Link Program
The opportunity to work with an actual business provides an invaluable experience for University of Delaware business students, allowing them to apply various business disciplines through hands-on experience. It also provides an invaluable opportunity for the small business owner to receive outside input or work done by college students, with the only cost being their time and commitment to the project. There is no cost to participate, but business owners would need to cover any costs incurred for the project (e.g., reserving a domain name, buying an email list, etc.)
What Small Businesses Should Expect:
- To become involved in a dynamic interchange with students, faculty, and advisors to solve complex business challenges.
- An industry analysis from the team of students.
- A SWOT and KPI analysis
- Social media and website audits to determine how you stack up to your competitors.
- A final presentation and report with agreed upon deliverables and actionable next steps.
The Students, (Under Guidance) Can Help With:
- Research new markets
- Develop a marketing strategy
- Help design a website strategy (not create a website for you)
- Develop social media campaigns
- Analyze financial statements
- Create projections
- Help create HR templates
Students Projects For The Small Business:
- Need to be specific and definable. Please clearly describe the project and what you need from the students. “Help with marketing” does not constitute a clear project scope, and will not be considered for a project.
- Must have a measurable impact on your business.
- Able to be completed during the semester. Keep in mind this is not the student team’s only course in the semester–some are taking full course loads.
- The project should involve either marketing, finance, operational or management issues.
- Students are not to be used as non-paid employees doing day-to-day work.
Business Owner Requirements:
- The business owner, or appropriate designee, must be available during class time to meet with the students at least 7 times during the semester. The meetings will be held during class time; Friday’s at 9:00 am and will last no longer than 1 hour. Semesters run from September to December (Fall term) & February to May (Spring term) however business owners do not typically start until a month into the course.
- Understand these are college students who can provide assistance, but will also be learning at the same time. These are not professional consultants.
- Be willing to freely share the struggles of the business, the financial information (as needed) and all the information necessary to complete the project.
“I have done two projects with UD students. They helped us with a website and in developing our business plan. They were very helpful, professional, and fun to work with. I would encourage anyone to look into using them for a project. I truly can’t say enough about the exceptional work ethic of the UD students. I’m genuinely grateful for their help and feel so lucky we have such a wonderful program available to both small and large businesses in Delaware”
“It was fulfilling to give back to my alma mater and help Margo’s students learn about how to start, grow, and scale an international e-commerce business. This is what it’s all about for me. Helping the next generation just as the SBDC is helping us.”
Please fill out the form below to apply for Spring 2022:
Please keep in mind that we receive multiple project proposals. Given a limited number of students, not all projects can be accepted.