Student to Business Initiative
VIEW the SBI Program commercial
Each semester the UMD Center for Economic Development collaborates with
faculty members within the Labovitz School of Business and Economics (LSBE) on
the Student to Business Initiative (SBI). This initiative partners
student teams with businesses to work on a marketing plan or accounting issues. The goal of this program is to enhance the relationship between small businesses in our community by developing experiential learning experiences that fit the community needs.
MARKETING SBI
During the course of a semester, a LSBE Marketing student team will define the scope of work with the business owner and the Labovitz School of Business and Economics faculty member.
The marketing students will present this information in a final presentation and you will receive a report of their findings, potential solutions and suggested marketing plan.
Access to financial and marketing information is required. All students participating in this program and the CED staff sign confidentiality agreements requiring them to keep all client information confidential.
FEE to participate in Marketing SBI Programs: Businesses are assessed a $300 fee to participate in the Marketeing SBI Program. This fee is used to defer the cost of the final presentation materials presented to the business.
ACCOUNTING SBI
During the course of a semester, LSBE Accounting students will review your company's financial information and provide you with:
- a three-year historical financial analysis
- a three-year ratio analysis
- a trend analysis of your business
- the opportunity to expand QuickBooks usage and reporting for your business
- the opportunity to prepare next year's budget for your business
The accounting students will present this information in a final presentation at UMD CED and you will receive a report of their findings.
Access to financial and marketing information is required including the past 3 years of tax statements. All students participating in this program and the CED staff sign confidentiality agreements requiring them to keep all client information confidential.
FEE to participate in the Accounting SBI Program: Businesses are assessed a $50 fee to participate in the Accounting SBI Program. This fee is used to defer the cost of the final presentation materials presented to the business.
2011/2012 Program offerings:
- Fall 2011 (September - December) - Marketing
- Fall 2011 (September - December) - Accounting
- Spring 2012 (January - May) - Marketing
Deadline to apply to be considered for a program:
- Spring Semester: January 2
- Fall Semester: August 31
If you are interested in participating in one of these programs please fill out the appropriate online Student to Business Initiative - Client Questionnaire or contact us for more information.