Wall Street Journal tells the story of voluntary adviser groups that offer advice to small businesses. This is a great opportunity for business owners.
Another suggestion that I have for small business owners is to look at the business school programs in your town. In Austin, for example, University of Texas’ McCombs School of Business provides opportunities for small businesses to get free advice from MBAs. (Some of the companies in this list are single-person owned businesses) MBA students work on micro-consulting projects with the business owners on a variety of business problems – ranging from valuation, to financing, to marketing.
I have worked with a few businesses as part of this program and have had great feedback from the business owners regarding this program. I am sure other business schools provide these opportunities too. So check with the business school in your town.
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