Webinar 1 dec 2009 high school business plan competition 2010 northern michigan university
This presentation is the property of its rightful owner.
Sponsored Links
1 / 13

Webinar 1 Dec 2009 High School Business Plan Competition 2010 Northern Michigan University PowerPoint PPT Presentation


  • 107 Views
  • Uploaded on
  • Presentation posted in: General

Webinar 1 Dec 2009 High School Business Plan Competition 2010 Northern Michigan University. [email protected] Competition Important Dates. January 8: Top four (4) Regional BPA competition winners identified and invited. January 8: Non-BPA school participants submit initial plan to NMU.

Download Presentation

Webinar 1 Dec 2009 High School Business Plan Competition 2010 Northern Michigan University

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Webinar 1 dec 2009 high school business plan competition 2010 northern michigan university

Webinar 1 Dec 2009High School Business Plan Competition 2010Northern Michigan University

[email protected]


Competition important dates

Competition Important Dates

  • January 8: Top four (4) Regional BPA competition winners identified and invited.

  • January 8: Non-BPA school participants submit initial plan to NMU.

  • January 18: Top two (2) Non-BPA school winners identified and invited.

  • March 26: Final written plan due to NMU

Mr. Ray Amtmann 906-227-2647 [email protected]


Competition day

Competition Day

  • April 8 (morning): Students attend competition at NMU.

    • 10 minute oral presentation

    • Judges get 5 minutes for questions

    • Lunch provided for students and teachers

      • Winners Announced

      • Prizes awarded

    • All invited to observe college competition in the afternoon.

Mr. Ray Amtmann 906-227-2647 [email protected]


Prizes

Prizes

  • 1st Place$500

  • 2nd Place$250

  • 3rd Place$100

Mr. Ray Amtmann 906-227-2647 [email protected]


Rules for participation

Rules for Participation

  • BPA Entrepreneurship competition rules will be observed

    • Students will develop a written Business Plan

      • Identify and utilize internal and external resources

      • Identify customer base including

        • Consumer and organizational markets

        • Demographics

        • Identify customer relations or markets

      • Identify successful price selection including

        • Reasoning

        • Methods used in determining price

Mr. Ray Amtmann 906-227-2647 [email protected]


Rules cont

Rules cont.

  • Present an analysis of the financial data required for starting the business

  • The plan will be for a start-up business in your local community

    • Franchises or existing businesses do not qualify

Mr. Ray Amtmann 906-227-2647 [email protected]


Written plan must

Written plan must

  • Not exceed 15 pages

    • Excluding

      • Title page

      • Table of contents

      • Supporting Documentation

      • Signed Statement of Originality

  • Follow the Business Plan Format in the Style & Reference Manual

Mr. Ray Amtmann 906-227-2647 [email protected]


Plan must include

Plan Must Include

  • Title Page

  • Table of Contents

  • Executive Summary

  • Description of proposed business

  • Objectives of the business

  • Proposed business strategies

  • Product(s) and or Service(s) to be provided

Mr. Ray Amtmann 906-227-2647 [email protected]


Plan components cont

Plan components cont.

  • Management and ownership of the business

  • Marketing analysis

  • Financial analysis

    • Loan amount if required

    • Income statement

    • Balance sheet

    • Cash flow statement

    • Other analyses as necessary

  • Support Documents

  • Statement of Originality

Mr. Ray Amtmann 906-227-2647 [email protected]


How do you succeed

How do you succeed

  • Consider yourself to be a potential investor in the business being proposed

    • What information would you need to make you willing to invest in this business?

    • What information would convince you that the potential business owner has the competence to succeed in this new venture?

    • Has the potential business owner proven there is a viable market for their product or service and that there are customers who will pay for that product or service?

Mr. Ray Amtmann 906-227-2647 [email protected]


What support is available

What support is available?

  • You may utilize two hours of mentorship support provided by either

    • NMU faculty or skilled Entrepreneurship students

    • Who to contact for this support

      • Mr. Ray Amtmann

        • 906-227-2647

        • [email protected]

    • Support is available during February or March

Mr. Ray Amtmann 906-227-2647 [email protected]


Online resources

Online resources

  • http://cob.nmu.edu/amtmann/High_School_Competition/How%20to%20write%20a%20Business%20Plan/How%20to%20write%20a%20Business%20Plan.html

    • Presentation on “How to write a Business Plan”

  • http://mediasite.nmu.edu/NMUMediasite/Catalog/pages/catalog.aspx?catalogId=d74b5546-4377-4d2a-8da2-61d037ede8f1

    • Media site live presentations of this and future Webinars on this competition

Mr. Ray Amtmann 906-227-2647 [email protected]


Online resources cont

Online resources cont.

  • These sites are available 24-7 and can be played, stopped, and replayed as often as you choose

  • Webinars

    • Tuesday 2 Feb 10:00 AM

    • Tuesday 23 Feb 10:00 AM

Mr. Ray Amtmann 906-227-2647 [email protected]


  • Login