Florida Home

Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance

2009 Small Business Guide
Management strategies
It's tough to manage in weak economic times. Here are strategies to help you get the best from your business.
Getting the most from interns
Choosing the best intern for your business


Interns working in your small business can be a win-win situation. Your business gains a boost to creativity as well as the bottom line, and the intern gains experience and builds a resume. But as a small-business owner, you want to make sure you use interns for maximum benefit.

- advertisement -

"If you're looking for someone to take out the trash, pick up your laundry or buy gifts for your spouse or significant other, don't hire an intern," says David Politis of Politis Communications near Salt Lake City. "Hire a personal assistant. Serious intern candidates are looking for several outcomes from their time spent with your firm -- the most important of which is real-world experience."

Here are some tips for hiring and getting the best out of a working relationship with an intern.

Widen your search
Now that you've decided to work with interns, don't restrict your search to the closest high school or college, or even only to schools. Melissa Kenney Ngaruri, legal assistant at Patrick Hoover Law Offices in Rockville, Md., spoke to teachers at several high schools who run internship programs. She passed on the school just down the road in favor of two other schools with programs that better met her needs. At her favorite program, the interns send their own resumes instead of expecting the supervising teacher to do it. "We noticed a big difference between those students who were proactive and those who weren't," Ngaruri says.

A conversation with Dilbert creator

Dilbert creator Scott Adams answers questions about Asok, possibly the world's best-known intern:

What could Asok accomplish, given the chance? Asok is an engineer, and like all engineers he longs to invent the product that will forever change the world. Failing in that, he would like to one day earn enough money so he can stop making his own underpants out of sandwich bags.

What's the worst thing that's happened to Asok? The Pointy-Haired Boss asked Asok to crawl into the ventilation system and find whatever died in there.

What's the best reader storyline suggestion based on real work life that you've received related to Asok?  Most of the suggestions for Asok revolve around the ridiculous "make-work" projects that interns famously get.

Is Asok getting anything at all he could use on a resume? All he's getting is a chance to steal some company resources to print his resume at work.

Choose your interns as if you were hiring them full time. Run background checks just as you would for any new hire. Don't forget to check social networking sites for red flags.

In the interview, be clear about your expectations. Specify the hours, if the position is paid and type of work involved "almost to the point of pushing them away," advises David J.P. Fisher of RockStar Consulting in Evanston, Ill. "Interns are there to help me, not cause me more headaches."

Look for drive -- not just good grades. We've taken kids with lower GPAs who were super hot in terms of rolling up their sleeves and getting involved," Ngaruri says. "I'll take someone who is average to below average intelligence who is dedicated any day."

Realize there is risk
No matter what you do, you may experience horror stories. An intern may flake out and just stop showing up, Ngaruri says, or worse. One intern at Tavalon Tea in Brooklyn, N.Y., actually was scoping out the company. "He was here six months to extract our know-how and business concept to start up a competing tea company of his own," says Tavalon Tea founder and CEO John-Paul Lee.

But Lee, who still uses interns, notes that was just one intern out of more than 100 in the past three years. Overall, Lee says, "We have gotten some amazing talent. Most of our unpaid interns ended up working harder than our paid staff. Employing competent interns with strong ambitions can be crucial to startups with small budgets, and we are living proof."

-- Posted: March 9, 2009
 
Page | 1 | 2 |



 
 
 
 
 
 
 
 
 
Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 5.03%
48 month new car loan 6.77%
1 yr CD 1.57%
Rates may include points
- advertisement -
ADVERTISING PARTNERS
- advertisement -
- advertisement -

News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2009 Bankrate, Inc., All Rights Reserved, Terms of Use.


 

Quick Links

Home page
Open houses
Local property sales
Resorts and vacation rentals
Rooms for rent
Seasonal rentals
Other rentals listings
Other for sale listings

Resources

Real estate news, blogs
Florida Home: New Homes New Homes
Florida Home: Residences Residences
Home & Garden
Clasificados en Español
Education guide

Partners

Bankrate mortgage interest rates
Cityfeet.com commercial properties
Palm Beach Chamber of Commerce
Realtor Assn. of the Palm Beaches
Regional MLS
More partners

Services

Need help?
Feedback
Place an ad
Visitor agreement
Privacy policy


PalmBeachPost.com
COX Newspapers