The Student Consulting Programme started its 11th year last week, with 18 students and five small businesses participating in this year’s program.
The program is a joint initiative between the University College of the Cayman Islands, the Ministry of Commerce and Cayman National Bank.
It entails upper-level business students working with small business owners to provide advice on how the business should solve a particular problem or reach a goal.
“The reason this programme is so successful is that … everyone involved takes away something valuable. Business owners gain free consultation and are able to move their company forward, and students get to put their knowledge [in]to practice,” said program coordinator Annette Murphy in a press release.
This year, the nonprofit organization Literacy Is For Everyone will also participate and receive advice from students.
“The civil society sector provides community enhancement that helps us become a well-rounded society and help grow the economy,” said Marilyn Conolly, executive director of LIFE. “By helping a charity grow, these students are helping issues that impact our community. Our charity is ready to grow to be a bigger, more vibrant charity, that can solve this problem of illiteracy, and we hope that by participating in the program we can become a lot more efficient in how we deliver our services.”
The Student Consulting Programme will run for 10 weeks.