Include Synonyms Include Dead terms. Download full text. This document describes business plan competitions sponsored by universities. The idea began in the early s at the University of Texas when Masters in Business Administration MBA students created a friendly competitive activity along the lines of the law schools Moot Court competition. Later the competition became national, and then international, involving students from many universities. Business plan competitions have become so accepted that they are considered rites of passage for MBA candidates.
The 15 Largest College Business Plan Competitions
Writing a Business Plan: Competitor Analysis Section
Yet, instead of giving away equity of your startup early on, you might consider getting an equity-free grant. Simply put, money with no strings attached. Business plan competitions are great opportunities to get funding for your business ideas, feedback on your strategic plan, and exposure to the right audience. Luckily, there are organizations and foundations who organize and support business plan competitions every year. Competitions vary from business plan competitions, elevator pitches, to social entrepreneurship competitions for current and recent student entrepreneurs. To make it easier for you, we made a selection of the largest business plan competitions in to help attract funding for your startup.
National Business Plan Competitions for Entrepreneurs
University of San Francisco International Business Plan Competition has been held each year from to involving teams of students presenting a business plan to judges. A cash prize is awarded to the winning team. The founding chair of the contest was Dr. By this time, the competition is renowned for its panel of top-notch entrepreneurs and venture capitalists in the Bay Area, and was featured on CNET for the first time .
The competitor analysis section can be the most difficult section to compile when writing a business plan because before you can analyze your competitors, you have to investigate them. Here's how to write the competitor analysis section of the business plan. If you're planning to start a small business that's going to operate locally, chances are you already know which businesses you're going to be competing with. But if not, you can easily find out by doing an internet search for local businesses, looking in the online or printed local phone book, or even driving around the target market area. Your local business may also have non-local competitors that you need to be aware of.