Entrepreneurship

This challenge encourages high school students to develop and present a comprehensive business plan for a product or service they envision. The competition will evaluate students' understanding of business principles, their ability to articulate their ideas, and the feasibility of their proposed venture.

Requirements:

1. Presentation: Prepare a 10-minute verbal and visual presentation outlining your business plan.

a. Optional: 3-minute product demonstration at judges' request.

2. Visual Aid: Create a presentation using Canva, Keynote, PowerPoint, or a physical display.

3. Business Knowledge: Demonstrate familiarity with your industry, general business terms (marketing, product development, financials, target market, etc.).

4. Written Business Plan: Submit a typed, double-spaced, 10-20 page business plan. Include:
a. Cover Page
b. Executive Summary
c. Company Description
d. Marketing Plan
e. Management Plan
f. Financial Plan
g. Supporting Documents (graphs, photos, data)

5. Originality: The business plan and product/service must be original student work. A Statement of Integrity
must be signed.

6. Time Adherence: One point will be deducted per 30-seconds over the presentation/demonstration time
limit.

7. Deadline: Turn in a copy of your business plan by the March 20 deadline. Email to coraopolisnaacp@gmail.com

Submission Guidelines

a. Student name, page number and branch (Coraopolis NAACP #26AB-B) must be on each page of the business plan.

b. Submit the business plan and Statement of Integrity by the specified deadline.

Get Creative and Showcase Your Entrepreneurial Spirit!

This challenge provides an excellent opportunity to develop your business acumen, refine your presentation skills, and potentially launch your own venture.

Good luck!

Contestants Will Be Judged By The Following Criteria:

• Written Business Plan including: (50 points)

a. Marketing Plan (including where you plan to market/promote your product/service, (15 points)

b. Management Plan/Personnel Profiles (10 Points)

c. Financial Plan (including cash profit & loss statement, budget, financial projects for the next 2 years) (15 points)

d. Market Research & Analysis (including target customer/audience industry research/data, product/service/data) (10 points)

• Presentation: ( 40 points)

a. Clarity & Organization (10 points)

b. Content Depth & Relevance (10 points)

c. Visual Aid Effectiveness (10 points)

d. Delivery & Engagement (10 points)

• Note: Judges may consider additional factors like creativity, innovation, and potential market impact.