| |
| |
| Correspondence Courses Information | |
|
Business Plan Competitions
The idea of a business plan competition first started in the 1980's at the initiative of some MBA students from Texas and has increasingly gained popularity. Such events happen yearly and rejoice a great affluence of contestants, which highly increases their competitiveness. Competitions Organized by Universities * Babcock Elevator Pitch Competition - Wake Forest University * Enterprise Creation Competition - Ball State University * Moot Corp. Competition - University of Texas * Duke Start-Up Challenge - Duke University * IBK Capital Ivey Business Plan Competition - University of Western Ontario * OFC Venture Challenge - Clark Atlanta University * Venture Adventure - Colorado State University Held by business organizations * Jungle Business Plan Challenge - Jungle Media Group * S.E.E.D. Business Plan Competition - TechKnowledge Point Corp. * Venture Bowl - National Institute for Entrepreneurship and Carrot Capital You will wonder probably what exactly do these competitions consist of and where does their popularity come from? Organizers Although the organizers and sponsors are usually universities, there are several business organizations that host business plan competitions. Contestants Business plan competitions are student entrepreneur events. The contests are organized either for graduate or undergraduate students and it does not necessarily have to be MBA students. The contestants may be student scientists, engineers, MDs or other specialists who strive to create a viable business plan hoping to enter such competitions. The popularity of such contests also reached some other layers: business plan competitions are also organized with the purpose of giving people the possibility of starting a business. Business plan competitions usually happen as intercollegiate events, but this contest formula has also been taken over by companies who want to facilitate the founding of new businesses. It is also the case of Ford Motor Company that sponsored the Ford BEST (Building Entrepreneurial Success Today) Business Plan contest in association with SCORE "Counselors to America's Small Business" and DiversityInc. The BEST Business Plan contest took place in the winter of 2004 and addressed all U.S. citizens over 18. All the submitted business plans were judged by an advisory panel from SCORE. Why the need to participate in such events? Besides the cash prizes, that, although quite important, will rarely suffice for financing the foundation of a company, there is the advantage of learning from this experience - this will enrich students' knowledge in a greater degree than the mere theoretical aspects they learn from lectures. Not in the last place, there is the valuable opportunity of pitching the business plans to quite a lot of investors in a very short time. How Do Winners Benefit? Innitially started as a valuable opportunity for the students with bright business ideas to express them within contest conditions, the business plan competitions have become a resource for some investors. There are two categories of results of such competitions: You would say that choosing from purely theoretical plans would be highly improbable for a venture investor. Yet, that's how many successful firms came into being. 1-800 Contacts A mail-order contact-lens-replacement company in Draper, Utah. The business plan won the 1995 Brigham Young University tournament in Provo, Utah. Attorneys @ Work An Internet recruiting and placement service in Atlanta. Competition: 1996, University of Georgia.SensAble Technologies Inc. In Cambridge, Mass., won the MIT competition in 1995.Epotec Inc. Competition: 1997, University of Chicago. However, having good results in an important competition does not necessarily imply launching a company successfully. There is the risk that some investors consider your plan an academic exercise before really studying it and thus the percentage of trust is substantially reduced. Laura Ciocan writes for http://www.businessplanning.ws where you can find more information about business planning
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
CRI Releases Its 2003-2004 College Graduate Survey Upper Saddle River, N.J. Student Removals - How to Get the Lowest Quote The problem with student and any small move comes when a small load has to be transported a long way:- For the moving company, the mileage and road time costs are not much less than for moving a whole house.. Who Can Apply For Online Nursing Degrees? Online nursing degrees are college degrees in the field of healthcare and nursing that are obtained via the Internet. Online nursing degrees are great ways for registered nurses to further their careers without having to take a leave of absence from their jobs. Secrets Of Successfully Sitting Exams Many people work hard studying various subjects to sit for examinations in them. Fine. Online Colleges as a Resource for Your New Career Online Colleges require successful team buildingMost online colleges require their students to work together in teams to fulfill their coursework obligations. The University of Phoenix Online, for example, requires weekly participation and discussion questions, 4 to 5 individual assignments, and 3-4 team assignments. Choose the Delivery Mode for your e-Learning Course There are so many ways to deliver instruction online that the topic warrants its own lesson. In fact, deciding how you are going to deliver a course is critical to the way that you design and develop the course! Your first decision is whether or not you will deliver the course "live" or in a synchronous mode. Student Moans and the Quarterlife Crisis It's that time of year again when global issues take second place in the British media, to make space for the great 'A' level debate. Packed with case studies of "Laura achieved nine A grades and was still rejected from her first choice", you have to wonder how long students can maintain the will to study. Why You Should Choose an Accredited Online Degree An accredited online degree is a college degree that is received through Internet studies offered by an accredited college. This means that the school or university that is offering the degree has been approved by a national or state board of education. Prepping for the new SAT I On March 12, 2005, high school juniors across the country were the first to take the new SAT I test, the standardized testing used in the college admission process. The test is 3 hours and 45 minutes, instead of just 3 hours, and contains a third writing section. How to eMail Your Professor So its 12:30 Pm and there you are at the computer trying to refresh the email inbox page. The big test is tomorrow and your Professor still hasn't replied back, but why? Contrary to popular belief, that your Professor wants you to fail, the problem could stem from the fact that your email never reached him/her. Outstanding Business Professors at WVU, Part 2 Stratford Douglas enrolled at the University of North Carolina in an economics graduate program in 1982. Five years later, he graduated with his Ph. Outstanding Business Professors at WVU, Part 3 Students appreciate teachers that can show them how the material they teach can be applied to the real world.Dr. Online Education I always dreamed of going to school and getting a degree in something I'd love to do. I had plenty of dreams, and I wanted to pursue them. Five Steps To Choosing A College My name is Debbie Ross. The information I have about my journey in finding a college can help both parents and students alike. Caribbean Single Market and Economy - Who Says UWI isn't Doing Enough? The University of the West Indies (UWI) has often been viewed as a long-standing partner to Caribbean Governments in fostering integration and development of our people, and forming strategic alliances.CARICOM member states are now considering the establishment of a single market economy. College Roommates: Threes A Crowd It's hard enough sharing a dorm room the size of a postage stamp with one person, but what happens when your roommate consistently invites friends and dates to hang out too? Even if you all get along, it can get old fast. Sometimes you just want a little privacy. Writing Effective (and Requisite) Essay Openers When we write for college courses, we write for an audience other than ourselves. And it's an audience of more than one-the professor who assigned the piece. College Roommate Personality Clashes: How to Survive Are you living with your total opposite? It's amazing how different two people sharing the same (tiny) room can be. Even the littlest things can drive you crazy after awhile! You eat Big Macs and chicken wings while your roommate swears by tofu and beans; you like Coldplay and your roommate cranks up Tim McGraw. Distance Learning and Distance Learning Online Distance learning has become extremely appealing and widely attended because of the many educational options it offers through an educational format that caters to students who require flexibility in pursuing a degree. If you have decided that you need to jump-start your flagging career, want to change careers, or reach higher for an education that can increase your earning potential, then a distance learning online school is for you!Anything from the traditional undergraduate and graduate degrees to certificates, diplomas and other certification is available in the wide world of distance learning. MRCP and MRCPCH - Preparation for the Examination There should have been a time in the human history when there was no need for anyone to prove themselves; it is so delightful to think such a planet earth where human beings were free as birds without examinations. But to entertain such thoughts is almost sinful, a taboo for those in the medical field!!! It is all the more true for those who aspire to gain their MRCP and MRCPCH certifications.
|
| home | site map |
| © 2010 |
