Small business owners generally don’t have a lot of funds to invest into their business. The basic set up like registration and infrastructure like office space, furniture and electronics itself takes up a heavy investment. Then you probably hire a skeleton staff to start running your business and keep it operational. There could also be some starting companies who get short term loans to finance their business. However, sometime this falls short of what you need in order to cash in on the opportunities presented to you. Colleges and universities can be of a great help when you are cash strapped and need some good resources to help you with your business. Here is a look at some of the ways that colleges and universities that can help small businesses:
1. Interns – one word says a lot! Colleges and universities are full of students who are available to work as interns. They have the educational qualification required to do certain jobs and take home a fraction of the pay of a regular employee. SO get in touch with your local institutions for higher education and sign up for hiring interns.
2. Many large colleges and universities run support or ‘scholarship’ programs for entrepreneurs and small business owners. By signing up for such programs, you become legible for supports funds in addition to the advice and expertise of the institutions highly qualified experts.
3. Most scholars at colleges and universities are open to offers to work as consultants in developing companies. They can help you plan out effective and detailed plans for marketing, sales, operations, HR, business development and much more.
4. You could volunteer your company for case studies conducted by students. This will help you gain a fresh perspective about your business and might bring in new ideas too!