Ludmila (Mila) Rusakova Golovine — a graduate of the University of Houston C. T. Bauer College of Business’ first entrepreneurship class and the founder of one of the most highly regarded language-service providers in the country — has created a scholarship for students at the Cyvia and Melvyn Wolff Center for Entrepreneurship.
The MasterWord Services Endowed Scholarship at the University of Houston takes its name fromMasterWord Services Inc., the Houston-based company Golovine (BBA ’95) started in 1993. Originally from the Soviet Union, Golovine wrote the business plan for what is now a multi-million dollar enterprise while studying entrepreneurship at Bauer College.
Listed as one of three of the college’s most prominent alumni in the Bloomberg BusinessWeek profile of the University of Houston C. T. Bauer College of Business, Golovine says she wanted to establish the scholarship as a way of giving back. “Without the teachers and mentors I had from the college, I wouldn’t be able to achieve what I have achieved,” she said in announcing the award.
A provider of language solutions including interpretation, translation, training and assessments, MasterWord Services has been named one of the Top 50 language-service providers worldwide (Common Sense Advisory) and one of the top 500 women-owned businesses in America (DiversityBusiness.com).
Golovine, president and founder of MasterWord Services, says the scholarship is intended for entrepreneurship students who may need help paying for their education.
The executive knows first-hand the challenges of paying for college. In 1989, at age 19, she traveled from Russia to study international business at the University of Houston. She was only allowed to bring $304 in cash. As a foreign student, she was able to get a scholarship that waived part of her tuition. She made up the rest by working as an interpreter and translator.
Almost on a whim, the business major signed up for an elective course in entrepreneurship. Today she credits that experience with changing her life.
Assigned to come up with a business plan as part of the class, she realized there was a need for language services in the market and decided to turn her skills into a business.
Today MasterWord Services is a 24/7 operation with 130 full-time employees and an additional 13,000 contract workers across the globe. “We support clients in 250 languages and 50 countries,” Golovine says.
After graduating Bauer with a BBA in Finance and Marketing, Golovine completed additional Master’s coursework in Entrepreneurship.
She has been supportive of the Center for Entrepreneurship since its earliest days. In 1997, she was named an Outstanding Young Alumna of the college.
Today she serves as a Wolff Center for Entrepreneurship mentor and regularly hires UH and Bauer graduates to work for her company.
Bauer students applying for the MasterWord Services Endowed Scholarship must be enrolled in the Wolff Center and demonstrate leadership qualities.
Says Golovine: “I want to help students who may not otherwise have the opportunity to be a part of the entrepreneurship program.”
By Wendell Brock