Business Plan Seminar Virtual Enterprise Business Plan Competition Source Coordinator: Jacob Stuebbe W.I.N. (What’s Important Now) Find one Business Plan Coach – Recruit students late winter & early spring – Search for a great mix (chemistry is key) Employees choose business – * crucial buy in – Experience & Time Revaluate year end – keep company name or not? Partner with businesses within Industry – Set up exchange visits (i.e. Best Buy trains L.E.O. Love Each Other T.E.O. Trust Each Other H.E.O. Help Each Other R.E.O. Respect Each Other D.T.R.T. Do The Right Thing Time Factor Willingness to commit – – Start Up business – 0 Week & Summer Leadership meetings 3 hour after school practices (1 time per week) First year takes most time – birth of an idea 3 Phases (Local, State, & National) – – – Phase 1 – *25 hours (23 written, 2 oral) Phase 2 – *50 hours (35 written, 15 oral) Phase 3 – *75 hours (25 written, 50 oral) Attention to Detail Stick to the rubric – – Watch written and oral business plan videos – Each section has to cover everything Shoot for max score every time Ask Nancy Phillips Every member on business plan team writes each part together. Ask partners to critique content and English teachers to critique grammar and structure Critical Areas to Written Plan Find a sharp Chief Financial Officer (26%) – Real World research is crucial (24%) – Problem solver who catches errors Divide and conquer Keep perspective – View Plan as a whole – – – Graphics coordinate Oral rubric just as important as written Everyone in company has stake in plan Oral Business Plan of Attack Pick one area (i.e. SWOT Analysis) – Presenters audition in front of practice judges Select team - Each member writes own speech – Students write it together and all memorize Business coach refines speeches with each member Practice Presentations – – Regional practice run with judges before State Video tape and watch Critical Areas of Oral Plan Explanation of Finances (21%) – Have to understand and communicate the Big 3 Question and Answers (25%) – – All members need to be experts in certain areas and know a little bit of everything H.E.O. & T.E.O. (teamwork – never leave someone stranded) Final Thoughts It’s about relationships Have fun with it! Let the kids take sit in the driver seat Give it all you’ve got! It’s good enough! Question and Comments Thank You for your TIME! Contact Information: Jacob_Stuebbe@khsd.k12.ca.us (661) 324 -9841