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Competitions
Organized by Universities
* Babcock Elevator Pitch Competition - Wake Forest University
* Enterprise Creation Competition - Ball State University
* Moot Corp. Competition - University of Texas
* Duke Start-Up Challenge - Duke University
* IBK Capital Ivey Business Plan Competition - University of Western Ontario
* OFC Venture Challenge - Clark Atlanta University
* Venture Adventure - Colorado State University
Held by business organizations
* Jungle Business Plan Challenge - Jungle Media Group
* S.E.E.D. Business Plan Competition - TechKnowledge Point Corp.
* Venture Bowl - National Institute for Entrepreneurship and Carrot Capital
You will wonder probably what exactly do these competitions consist of and where does their popularity come from?
Organizers
Although the organizers and sponsors are usually universities, there are several business organizations that host business plan competitions.
Contestants
Business plan competitions are student entrepreneur events. The contests are organized either for graduate or undergraduate students and it does not necessarily have to be MBA students. The contestants may be student scientists, engineers, MDs or other specialists who strive to create a viable business plan hoping to enter such competitions.
The popularity of such contests also reached some other layers: business plan competitions are also organized with the purpose of giving people the possibility of starting a business. Business plan competitions usually happen as intercollegiate events, but this contest formula has also been taken over by companies who want to facilitate the founding of new businesses.
It is also the case of Ford Motor Company that sponsored the Ford BEST (Building Entrepreneurial Success Today) Business Plan contest in association with SCORE "Counselors to America's Small Business" and DiversityInc. The BEST Business Plan contest took place in the winter of 2004 and addressed all U.S. citizens over 18. All the submitted business plans were judged by an advisory panel from SCORE.
Why the need to participate in such events?
Besides the cash prizes, that, although quite important, will rarely suffice for financing the foundation of a company, there is the advantage of learning from this experience - this will enrich students' knowledge in a greater degree than the mere theoretical aspects they learn from lectures.
Not in the last place, there is the valuable opportunity of pitching the business plans to quite a lot of investors in a very short time.
How Do Winners Benefit?
Innitially started as a valuable opportunity for the students with bright business ideas to express them within contest conditions, the business plan competitions have become a resource for some investors. There are two categories of results of such competitions:
You would say that choosing from purely theoretical plans would be highly improbable for a venture investor. Yet, that's how many successful firms came into being.
1-800 Contacts
A mail-order contact-lens-replacement company in Draper, Utah. The business plan won the 1995 Brigham Young University tournament in Provo, Utah.
Attorneys @ Work
An Internet recruiting and placement service in Atlanta. Competition: 1996, University of Georgia.SensAble Technologies Inc.
In Cambridge, Mass., won the MIT competition in 1995.Epotec Inc.
Competition: 1997, University of Chicago.
However, having good results in an important competition does not necessarily imply launching a company successfully. There is the risk that some investors consider your plan an academic exercise before really studying it and thus the percentage of trust is substantially reduced.
Laura Ciocan writes for www.businessplanning.ws where you can find more information about business planning Please feel free to use this article in your Newsletter or on your website. If you use this article, please include the resource box and send a brief message to let me know where it appeared. Contact:lauracio@gmail.com
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Balancing College Life and Academics
Organization and time management skills are two of the most valuable skills you will ever have. One of the first things you should do at the beginning of each semester is organize the dates of all class tests and project deadlines from each syllabus, and all required meetings and events from each organization. All obligations should then be logged into a centralized schedule you keep at all times, such as a daily planner, desk calendar, or even a PDA (personal digital assistant). For the next 4 months, you now know exactly what you must schedule the rest of your life around.
Chiropractic colleges and schools offer education and training in chiropractic health treatments. Teaching a broad spectrum of topics of diagnostics and treatment for persons suffering from muscular, nervous and skeletal system problems; chiropractic colleges and schools stand strong on the firm belief that interference within these systems can disrupt normal functioning and lowers resistance to disease. Chiropractic colleges and schools are holistic educational systems that place emphasis on the patient's overall well-being. By evaluating numerous factors such as one's exercise, diet, rest, environment and heredity; chiropractic colleges and schools teach prospective physicians to use natural, drug-free, non-surgical health treatments that rely on the body's self-healing mechanisms.
Online College Programs - How to Apply
You will need to include any supporting documentation required by the school where you are applying. You will find this information included with the application. All schools require original transcripts from all schools previously attended. This will include both high school and college transcripts. A few schools look for college preparatory courses in high school. Send your requests early to allow enough time for transcripts to arrive at the college. Some schools will require SAT test scores and immunization records as well.
Student Financial Guide is Your Guide to College Success
Preparing for college is very important and that's why the Student Financial Guide covers topics on budgeting and planning for your college years. Not only do you have to decide where you want to go but also you have to establish a budget that includes tuition and books, living expenses, food, and of course having fun. Although tuition rates are rising most don't notice how expensive college is because you usually pay the amount in one lump sum each semester and then forget about it. However imagine paying your tuition in installments before every class period in cash. You then would realize exactly how much that hour of instruction was worth.
Most Colleges Require Letters Of Recommendation
Students at the top of one or more of their classes should first ask those teachers to write a letter of recommendation (LOR). However, if a teacher balks, is the least bit hesitant or shows no enthusiasm about the prospect of writing such a letter, another teacher, one who is likely to make the student shine, should be approached instead. A less than exemplary LOR is virtually worthless!
9 Lessons for Success in College - That Actually Make Sense
Lesson #1: Be honest about your abilities and goals
Is it best to study large chunks of the information at a time, or should you try to master small bits of it? Should you review the material again the next day? Or is it best to let a few days go by?
Fortunately, my daughter is grown, so it's just me to deal with. I tried going to a traditional school, but my work schedule prevented me from making that choice, and I thought my dreams of becoming a paralegal was out the window. As I got older in my life I realized that dreams come true when you're persistent, and forfeiting the devil or anyone bent on taking your dreams away.