A group of students are assigned to each business. The project will be overseen by a class professor and/or a staff member of the Delaware Small Business Development Center and each student will be required to sign a confidentiality statement, acknowledging all information gained regarding the business is not to be discussed outside of class or their small group. Because we have no control over the number of students who sign up for the class, the number of projects needed each semester varies. The projects can take a variety of forms but must meet the following criteria:
• Specific and definable. The business owner should be able to state clearly and concisely the project. “Help with marketing” does not constitute a project and will mot be considered.• Measurable impact on the business.• The students, to the extent possible, can determine how the project will affect the finances of the business. (I.e., if it is an advertising/marketing plan, the cost of each activity should be determined, as well as the expected impact on the business.)• The project needs to be able to be completed within the semester time frame. This will not be the students’ only class.• The project should involve either marketing, finance, operations or management issues.• The 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 the class during the business day.• Complete a SBDC Client Information Form, if needed.• Understand these are college students who can provide assistance, but will also be learning from the business owner.• Be willing to freely share the struggles of the business, the financial information (as needed) and all the information necessary to complete the project.