BBA Faculty Business Plan Contest 2012
Requirements
Student groups are required to produce a full business plan for a new
business idea or concept. Each group should be a maximum of 5 students
from eligible universities. The outline plan should contain all fundamental
details of the business including the following sections;
Business plan outline
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Executive Summary: Write this last. It’s just a page or two of highlights.
Company Description: brief description of company structure & objectives.
Product or Service: Describe what you’re selling. Focus on customer benefits.
Market Analysis: You need to know your market, customer needs, where they are,
how to reach them, competition etc. Focus on the 7 C’s
Strategy and Implementation: Be specific. Include management responsibilities
with dates and budgets. Make sure you can track results.
Web Plan Summary: For e-commerce, include discussion of website, development
costs, operations, sales and marketing strategies.
Management Team: Describe the organization and the key management team
members.
Financial Analysis: Make sure to include at the very least your projected Profit and
Loss and Cash Flow
Key Dates
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The business plan must be submitted before August 31st 2012.
Judges will select the best 5 business plan for the final.
Final presentation 5 teams will have a 10 minute presentation on 28 th September.
The winning team will be announced after the completion of the final presentations.
Entry 31st August – Final Judging 28th September – Winner & prize giving 28th September
Judging Criteria
The judges will be looking for a thorough business plan which considers all the key
commercial areas. The plan should be realistic & achievable. It should be clear that the
proposed company offers a product / service which has a real benefit for customers.
Innovative or creative ideas will be awarded extra merit.
The contest has three primary objectives:
1. To educate students in the process of creating and evaluating new business ventures.
2. To prepare students for opportunities in entrepreneurship sometime during their careers;
3. To harness the unique resources that UBU and its communities offer.
Business Plan Workshop
For groups which require advice or assistance in completeing the plan a workshop class will
be offered by the BBA Faculty. The workshop will take place on Thursday mornings for 6
weeks & any student will be free to join.