A lifelong aviation buff, he planned to parlay his degree into a career working for Boeing.
Screening Round The Screening Round takes place online, and is the first major hurdle for students participating in the Business Plan Competition. Student teams submit their business plan executive summaries online.
Over the course of a weekend, each business plan executive summary is read and scored by eight to ten judges who are encouraged to provide written feedback for students.
After the Screening Round, an announcement of teams advancing to the Investment Round is sent via email. Please also review the submission checklist. Scoring based on 1 lowest to 5 highestwith 3 being of the caliber to advance to the next round Overall Impression of the Executive Summary Does the summary adequately describe the idea — does the idea make sense?
Has the team adequately described the pain in the marketplace? Do you believe the team has presented a feasible solution?
Is the summary well written and succinct? Does the summary create excitement? Management team Does this management team have the skills required to execute the plan? Does this team have the experience to lead a new venture?
Market opportunity Have they adequately described the market and economic opportunity? Have they clearly stated their value proposition? Is it a viable model? Competitive strategy Has the team completely analyzed its competitive space?
Does the team have an adequate strategy for defending their market position? Go to market strategy Is it clear how the company will reach its initial customer?
Does the summary clearly identify a sales strategy? Is the distribution plan clearly defined and reasonable?
Has the company booked any revenue? Financials Are the financials consistent with the overall plan? Are the assumptions realistic?
Are contingencies and exit strategies addressed? At the end of the event, investment dollars are collected and tallied. We also tell them: Does this business seem well thought out? Has the team demonstrated knowledge of the industry and potential customers?
Is there a real opportunity here?Working on a business plan team enables you to build skills such as leadership; the ability to work in a team; and written and communication skills. Network with industry professionals. The competition culminates in an April event on the WSU Pullman initiativeblog.comon: PO Box , Pullman, WA, The WSU College of Business, Business Plan Competition was developed to give student entrepreneurs and future business owners the opportunity to practice business in a real-world setting, showcase their business acumen and network with industry professionals.
Two recent Washington State University graduates are addressing the dilemma. As part of their senior class project, Emily Willard and Katherine Brandenstein, who graduated from the Pullman campus last May, invented a small plastic cap that decontaminates needles.
WSU wins Pruitt-Schutte Student Business Plan Competition October 8, BOSTON — A team of student pharmacists from Washington State University was named the winner of the 15th annual Good Neighbor Pharmacy NCPA Pruitt-Schutte Student Business Plan Competition.
Business schools have an elevator pitch for prospective students: Choose our school and win cash for your startup. Contests for M.B.A. students to sell faculty judges on their business ideas have existed for decades, but the size, scope and stakes of the events have ballooned as business.
The UW Business Plan Competition (BPC), organized by the Buerk Center for Entrepreneurship, provides a real-world experience for student entrepreneurs, promoting student ideas and new venture creation to the entrepreneurial community.