2016 Be Your Own Boss Bowl
• Business planning competition for
aspiring and early-stage
entrepreneurs from Temple University
• 18th annual competition
• Managed by the Innovation and
Entrepreneurship Institute – a top 15
nationally ranked program
• One of the richest-prize competitions
in the country
BYOBB Objectives
• Launch companies
• Learn new skills
• Create economic impact
BYOBB at a glance
• Many prizes - 13 in total!
• Tied to requirements of accelerators, investors
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Shorter business plan format
Pitch deck required
Two minute video optional
Business Model Canvas optional
• Follow-through (Accelerator)
• It’s all online
• Need to use Lean Startup concepts
Prizes and Recognition
TOTAL PRIZES OVER $200,000
• Summer Accelerator program
• Legal, accounting, marketing services
• Temple PR
BYOBB Important Dates
• Nov 23rd – Start Signing up for Mentors
• Jan 21st, Info Session, 4 – 5pm
• Jan 25th, Info Session (Webinar), 12 – 1pm
• Feb 5th, Deadline to Sign Up for Mentor
• March 10th, On-demand Mentoring, 4 – 5:30pm
• March 14th, On-demand Mentoring, 12 – 1:30pm
• March 16th – Plans Due
• April 7th – Finalists Announced
• April 14th – Pitchdeck coaching sessions for Finalists
• April 21st – Final Presentations and Awards Ceremony
Who is Eligible?
• Leader of the team must have a Temple University
affiliation
• All Temple University students, alumni, staff & faculty
• New business or an existing business (less than two years)
that has not yet raised more than $50k from external
sources.
• Cross-discipline teams are encouraged
Tracks
• Compete in three tracks
- Undergraduate Students
- Graduate Students/Staff/Faculty/Alumni
- Social Impact
• Any team not comprised of solely undergraduate students must compete
in Graduate Student/Staff/Faculty/Alum track
• Social entrepreneurship businesses are encouraged to participate
Social Impact
• The Social Impact track is for new ventures
whose primary focus is to create social value.
• Unlike a traditional business venture with their
focus on profits, social ventures pursue the
double bottom line of social impact and financial
sustainability.
• For purposes of the BYOBB, a company whose
primary motive is financial, but which donates a
relatively small amount of money or time to
social causes does not qualify as a social impact
firm.
Social Impact
Entries in the Social Venture Track of the BYOBB
must:
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Incorporate a measurable social and/or
environmental bottom line into its mission and
practices, and
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Plan to attain financial self-sufficiency primarily
through earned revenues
There’s Help Available
Blackstone
Launchpad
Submit
Opportunity
Description
Virtuous Cycle
Assigned a
Mentor
Submit Plan
Winners
Participate in
Accelerator
Senior Executive Mentor Program
Upon completion of a one-page “opportunity description”, participants will
receive a business plan guidebook and a Senior executive mentor.
• One-on-one mentoring program with mentors from the Greater
Philadelphia Senior Executive Group & other orgs
• Two-way project-based mentoring program
• Mentors may not do any primary work or write plans
- Mentors provide feedback, advice and counsel
• Protégé or mentee:
- Drives the plan forward & is the responsible party
- Communicates regularly with their mentor
- Is respectful of mentor’s time and other commitments
- Sticks to agreed upon schedule and due dates
Opportunity Description
One-page document answering:
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What problem are you solving and why is it awesome?
What is your product/service?
Who is on your management team?
Who are your competitors and why are you better?
What type of help could you use from a mentor?
(You can use your Idea Competition Submission)
What Do You Need to Enter?
• Business Plan – 10 pages max
• Business Model canvas – optional
• Pitch Deck
• Two-minute video presentation - optional
• Financials
Sections of the Business Plan
• Elevator Pitch
• Opportunity
• Product/Service
• Management Team
• Market Opportunity
• Competitive Landscape
• Execution Plan
• Road Map
Financial Section
• Financials
• Revenue Model/Financial Assumptions
• Financial Projections – 3 years (attachment)
Judging Criteria
• Must represent realistic and marketable ideas.
• Evidence of testing assumptions
• A well-organized, well-written, sophisticated plan that makes a
compelling business case
• Evidence of thorough research regarding market, industry and
competition
• Sound strategy and revenue model; plan is executable
• Attainable financials that are grounded in sound assumptions
• Consistency throughout plan
• Quality of Presentation (Finalists only)
Business Plan – Do’s and Don’ts
• DO comply with the 10-page limit
• DO use the template available on the IEI website,
www.fox.temple.edu/iei
• DO your homework – research!
• DO use spell check and a professional writing style
• DO submit a plan that’s clear, concise, compelling and complete
• DO proofread your document prior to submitting
• DON’T skip sections
• DON’T turn your plan in after 3/16 @ midnight
Start Early!
• Plans are due in about 3 ½ months– start now!
• Break it down into “chunks” and stick to a
schedule
• Allow time for re-writes, more research, exams,
glitches at work, etc.
• Take advantage of winter break
Past BYOBB Winners
• 2009 – Pit Bull Development (Alum, School of
Tourism and Hospitality Management)
• 2010 – Next Engineering (Undergraduates, College of
Engineering)
• 2011 – pureNANO (Graduate Student, Fox School of
Business)
• 2012 – PHmHealth (Alum, Fox School of Business)
• 2013 – Neighborhood Foods (Alum, Fox School of
Business
• 2014 – Guiding Technologies (Professor, College of
Science and Technology
• 2015 – Rates for Us (Alum, Fox School of Business)
’15 Spring Business Planning Workshops
4:30 to 5:30 p.m. 503D Alter Hall
Date
Topic
Jan 27
Assessing Ideas
Jan 28
Feb 3
Creating Winning Business Models
Feb 10
Market Segments and Value Propositions
Feb 18
Cash Flow, Profits and Financials
Feb 19
Competitive Analysis
Feb 24
Pitch Decks (May be repeated)
Additional Temple Resources
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Executives/Entrepreneurs in Residence:
Temple business librarians @ Paley Library
Legal clinic at the Temple SBDC
Business Communication Center (Fox Students)
Writing Center
Business Plan classes
IEI Staff (by apt) and IEI Resource Center
IEI mentor/subject matter expertise network
Online articles @ www.fox.temple.edu/iei
Be Bold
Be Resourceful
Be Innovative
Be Your Own Boss
#BYOBB2016