| Dear
Sophia,
Do you have a project or problem that your company needs to address, but
you don't have the time or resources? Are you looking for a fresh set of eyes to
help your company grow or evolve? CUB's Entrepreneurial Student Teams Program
(ESTP) can help. Teams of two to four business students from UIC's College of
Business Administration and The Department of Kinesiology and Nutrition at the
College of Applied Health Sciences (graduates or upper-level undergraduates)
work closely with companies to help them solve real business issues. The
challenges that the consulting teams work on are determined by the clients'
needs and the skills and interests of the students.
Applications Due:
Friday, July 23rd, 2010
Project Timeline: Fall Semester 2010 that starts on Monday, August 23 and
ends on Friday, December 10.
Phone: (312) 996-4057
Email:
Please send emails to sbdc@uic.edu
Website: For more
information about our organization and our services, please visit
www.uic.edu/cba/cub/
Eligibility Requirements for Participation
Business must:
- Be a for profit entity that is physically located
in the State of Illinois
- Have been generating revenues for at least two
consecutive years
- Minimally have at least three full-time employees
-
Be able to designate one staff person to communicate and work with student teams
on a weekly basis
- Submit a project that is feasible to complete within a
10 to 12-week period
About ESTP
- Teams are comprised of
graduate or upper-level undergraduate students.
- Professors oversee all of
the student teams' work.
- Upon completion, clients receive the agreed-upon
deliverables.
- The CUB staff is available for advice and technical
assistance throughout the semester.
- Project work is typically performed
for about 10 to 12 weeks throughout the 16-week semester.
- There is an
administrative fee to participate in the ESTP Program.
Administrative
Fees to Participate in ESTP Program
- $500 for companies with gross
revenues of less than $500K.
- $1,000 for companies with gross revenues of
$500K to $5MM.
- $1,500 for companies with gross revenues of more than $5MM.
Program Description
Almost all companies, no matter what
stage of development they are in, have some issues or projects that need to be
addressed, but which often aren't because the company doesn't have the time
and/or resources to do so and that is where ESTP comes in. Teams of 1 to 3
business students from UIC's College of Business Administration (graduates or
upper-level undergraduates) work closely with companies to help them solve real
business issues. The challenges that the consulting teams work on are determined
by the clients' needs and the skills and interests of the students.
Please select ONE of the following project
descriptions:
PROGRAM ONE: Marketing and Strategic
Analysis
For companies who are seeking assistance from undergraduate
students to work on projects that involve the following:
- Market research
and market assessment
- Marketing plan development
- Strategic planning
and competitive positioning
- E-commerce planning & consulting
-
Exploration of business growth opportunities
PROGRAM TWO: Information
Technology and e- Commerce
For companies who are particularly interested
in challenges they have in the area of computer technology, business students
majoring or mastering in Information Technology, will work with business owners
to assist in projects like:
- Business and information systems design
-
Enhancement of website capabilities
- Computer programming, data management,
or data mining
- Application of technology to address supply chain and
operation needs
PROGRAM THREE: Health, Fitness and Wellness Companies
- Evaluate, analyze and recommend ways for the business owners to
improve marketing effectiveness or customer service
- Research, compare and
generate an analytical report with recommendations to improve the consumer
experience
- Analyze the prospective member tour and recommend value
additions for the company to convert prospects into customers
-Investigate
the effectiveness of the sales approaches; gather and analyze data; and
recommend ways to improve the company's sales force effectiveness
PROGRAM FOUR: General Strategic Improvement
Students from the
MBA Entrepreneurial Consulting class learn to take a broad look at companies and
their business environment to identify critical leverage points for
profitability and success. They use their knowledge and business experience to
develop cross-functional alternatives for your consideration. Having an MBA
student team perform a system-based analysis of your operations and strategies
will allow you to clearly identify an opportunity or a project you can either
execute yourself or submit to another student team in future semesters, such as
marketing, information technology, operations or a finance project.
PROGRAM FIVE: Branding
For companies who desire a new
branding campaign, students will work with logo design, slogans, print ads and
press releases as well as product positioning based upon market research.
PROGRAM SIX: Business Plan Development
For businesses who are
seeking to formulate a business plan. Students will provide the client with a
comprehensive business plan and will work hand-in- hand with the client to
conduct market research and create financial projections.
PROGRAM
SEVEN: Financial Management
For small and mid size companies seeking a
corporate finance project including:
- Financial forecasting
- Ratio and
spreadsheet analysis
- Lease vs. Buy options
- Working capital
management
- Business value & time value of money
-
Valuation/Acquisition
- Exit strategy
- Reorganization and
bankruptcy
PROGRAM EIGHT: On- campus Integrative Marketing Campaign
For companies who are interested in reaching the diverse collegiate
target market. This campaign requires an engaged partner who is willing to
provide some financial assistance so students can do an actual marketing event
on campus. Students will:
- Conduct pre and post market research
-
Create and distribute press releases
- Create advertisements
- Perform
branding and multiple media publicity e.g. YouTube videos, event marketing, etc.
PROGRAM NINE: Projects with an Asian Perspective
The MBA
Entrepreneurial Consulting class includes many students who already have
successful experience and connections with companies in China, Korea, Taiwan and
Thailand. This gives them a unique ability to help companies attempting to
create or improve Asian aspects to their business, whether new markets, new
suppliers or new partners.
APPLY HERE!
To apply for Entrepreneurial Student Teams Program,
please complete the two online forms: "ESTP Application"
and " Request for Counseling Form " to submit your
project. Applications missing either one of these online forms will not be
considered for the program.
ESTP
Projects Descriptions (Download and read)
ESTP
Application (Complete and submit)
ESTP
New Client SignUp Form (Complete and submit)
If your computer does
not have the updated version of Adobe Acrobat Reader, please click on the link
below to download the most recent version of the free software so you can type
your responses into the fields of the PDF files.
www.adobe.com/products/acrobat/readstep2.html
About the UIC - Center for Urban Business
In 1993, the
Center for Urban Business (CUB) was established as a business assistance center
for emerging and high-growth entrepreneurs. CUB is a 501c(3) non-profit
organization at the University of Illinois at Chicago (UIC) and is an Illinois
Small Business Development Center (SBDC) and is one of the delegate agencies for
the City of Chicago. The Center is partially funded by the UIC College of
Business Administration (CBA) in partnership with the U.S. Small Business
Administration (SBA), the Illinois Department of Commerce and Economic
Opportunity (DCEO) and the City of Chicago's Department of Planning and
Development and is part of the Illinois Entrepreneurship Network (IEN).
CUB Sponsors:
UIC Center for Urban Business
Illinois Small Business Development Center
phone: (312) 996-4057
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