Entrepreneurship
Refers to owning, organizing, and managing your own business by providing
a necessary product or service
REQUIREMENTS:
- Only one (1) business plan may be submitted per student.
- Six (6) copies of a
typed 8-½-inch by 11-inch double spaced business
plan must accompany the project. The business plan, which should be a minimum
of ten (10) pages and not to exceed twenty (20) pages, should include a
cover page, executive summary, company description, a marketing plan, a
management plan and a financial plan, in addition to any supporting documents
(i.e. graphs, photographs, statistical data).
- The student’s name,
page number and branch must be at the top of each page.
- The six (6) copies
must be submitted on or before the specified deadline.
- The contestant is required to make an oral presentation, not to exceed
five (5) minutes, explaining his/her business plan.
- A visual presentation in the form of a display, slide show, overhead
or PowerPoint presentation should be provided.Contestants should be familiar with business terminology in general and
about terminology related to their selected product/service.
- Contestants
are required to have personally conducted the business plan analysis and
have been involved with the production of any prototype product or service
trials.
- The NAACP ACT-SO Program will provide electrical power and an LCD
projector.
Contestants must provide a laptop.
NOTE: The deadline for submission of national registration documents
is the first Friday in May. No
materials or copies will b e accepted at the National Competition.
Contestants Will Be Judged By The Following Criteria:
- Written Business Plan
- Marketing Strategy
- Management Plan/Personnel Profiles
- Financial Plan
- Market Research & Analysis
- Government Requirements
- Product/Service Knowledge
- Customer Service Plan
- Creativity/Originality
- Oral Presentation
- Comfort Level of Product/Service Knowledge
- Social Responsibility/Contribution to the Community
- Presentation Style
- Visual Presentation
