Many organizations these days offer internship programs to provide students with some great learning experiences. Sure they are quite helpful for the students who can develop their skills and prepare themselves for the future but unfortunately, many organizations fail to see the value a successful internship program can create for the company. Many of them recruit interns as reduced-cost labor for taking care of the time-consuming and mundane tasks, without helping them develop their skills and knowledge. A successful internship program requires a good deal of efforts from both the interns and the company. With right techniques, the companies not only can help the interns develop their skillset but can also get valuable project support and build talent pipelines for the future. Internship programs also help employees of the organization develop their mentoring skills. A successful internship program essentially creates a win-win situation for all. In fact, such programs can be immensely beneficial for small businesses that can develop the skills of the interns and prepare them to become a key player for their company. Also, when students feel like valued employees during their internship, they are likely to be more enthusiastic about joining the organization as a full-time employee.