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Webinar 1 Dec 2009 High School Business Plan Competition 2010 Northern Michigan University. ramtmann@nmu.edu. 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.

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

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

ramtmann@nmu.edu

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 ramtmann@nmu.edu

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 ramtmann@nmu.edu

prizes
Prizes
  • 1st Place $500
  • 2nd Place $250
  • 3rd Place $100

Mr. Ray Amtmann 906-227-2647 ramtmann@nmu.edu

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 ramtmann@nmu.edu

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 ramtmann@nmu.edu

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 ramtmann@nmu.edu

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 ramtmann@nmu.edu

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 ramtmann@nmu.edu

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 ramtmann@nmu.edu

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
        • ramtmann@nmu.edu
    • Support is available during February or March

Mr. Ray Amtmann 906-227-2647 ramtmann@nmu.edu

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 ramtmann@nmu.edu

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 ramtmann@nmu.edu