Published by admin on 14 Jan 2009 at 04:36 am
Business Plan Beginners
I have spent the last few hours reading some amazing business plans. The would-be entrepreneurs who submitted the plans are not currently looking for investors or loans. These are student plans, written by High School students ( juniors and seniors) as part of the Hamilton County Business Alliance Entrepreneurship Education Program.
This is the 3rd year I have been involved in the competition and it is always a treat. Some of plans are well written and well researched, but aren’t viable businessess. Others contain a great idea, hidden in a poorly written plan.
And every year, there is at least one, which makes me stop and think someday, I am going to say I knew him/her when. This year my favorite plan is Island Ice Cream. Simple in concept, easy to execute the business may never be huge, but it will easily be profitable, and if he chooses, a great way to fund his education.
The writer does not have huge plans for this business, but he has a well thought out model which will create a business on a scale he can manage. I know a number of adults who could take lessons from him.
The oral part of the competion is Saturday, January 10th. And can’t wait see if he is as good selling his ideas in person, as he is on paper. Do bankers or VC’s get this excited when the read a really good plan? I hope so! Our economy needs the plans and people who will be excited to seem them succeed.
Chad J Myers on 25 Jan 2009 at 3:07 pm #
That’s a great way to give back and help young adults get a good start. What is the award for the best business plan? Have you seen local business pick up any plans and help nurture /grow the business?
admin on 25 Jan 2009 at 3:46 pm #
It was a lot of fun. some really well thought out ideas. Most of the plans are just academic exercises for the kids, but a few do become businesses. This years’ winner, Island IceCream, my favorite all around has a really good shot. I hooked him up with a bank that can give him a micro loan if he really wants to make it happen.
If you are interested, I can hook you up with the organizer. She is always looking for more judges.
Frever t. on 06 Apr 2009 at 7:24 pm #
Is there a way to become a content writer for the site?