Small Business Center to launch 'Small Business Rebound Program’
Central Piedmont Community College’s Small Business Center is excited to announce it has launched a new initiative — the Small Business Rebound Program — to connect small business owners impacted by the coronavirus (COVID-19) pandemic with Master in Business Administration (MBA) students from top universities and colleges located across the United States. The program will be available May 11–July 3, 2020.
The program will provide business owners with exclusive access to business advisors, studying for their MBAs at some of the country’s most elite universities, including Stanford University, Duke University, and the University of North Carolina at Chapel Hill. Advisors will conduct virtual counseling sessions with participants, helping small business owners identify and apply for loan opportunities, redesign their business models, evaluate their budget, and analyze their cash management process.
“Growing up in Charlotte, I saw how small businesses defined the character of our community,” said Ladd Hamrick, a Stanford University MBA student. “Our team of MBAs hopes to help by offering what we’ve learned in the classroom, from financial planning and marketing to crisis leadership.”
One of the many perks of the Small Business Rebound Program is some participants may be eligible for a professional service grant. The MBA business advisors will work with small business owners to help assess and/or gather the information needed to help them apply for the grant.
If awarded funding, eligible small business owners would have the opportunity to receive four hours of counseling from a Small Business Center Network-affiliated certified public accountant (CPA), digital marketing strategists, human resource expert, or attorney (a $1,200 or $1,500 value), depending on their area of need. Potential services include establishing a financial chart of accounts, developing social media accounts/a Google Business page, creating HR policies, and more.
“The goal of this program is to help provide small business owners with the sounding board they need to analyze the current state of their business,” said Renee Hode, executive director of Central Piedmont’s Small Business Center. “Advisors will provide guidance, helping each small business owner sustain their business practices during this challenging time in the marketplace.”
To learn more, visit the Small Business Rebound Program.