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A Good Answer in a Business Plan Contest

Up and Running

Scene: two MBA entrepreneurs in an almost-empty room, pitching to five judges in an MBA-level business plan contest. All three of the others were strong business plans, with good product-market possibilities, strong technologies, and strong management. They’re from the University of Arkansas.

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Students To Make Biodegradable Plastic Bags A Reality

YoungUpstarts

But not if four University of Arkansas student have anything to say about that – the founders of cycleWood Solutions Inc. The point of the class was to build a viable business,” says Nhiem Cao, president and CEO of cycleWood Solutions , which was recently named regional champion in the 2011 Cleantech Open Business Competition.

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On Winning Rice’s $1Million Business Plan Contest

Up and Running

What does it take to win a $1 million business plan competition? The answer varies every year, but this year’s winner of the Rice University’s “World’s Largest and Richest&# business plan competition has developed a new medication that helps older people heal broken bones.

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Moot Corp Lesson: Even the Best Plans Change

Campus Entrepreneurship

Tim Berry has a great post, Moot Corp Lesson: Even the Best Plans Change. It highlights the level of competence in some of the top business plan competitions and also makes clear the value in these exercises. Tim writes, One of the judges commented that what was on the slide was different from what he saw in the business plan.

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Don't drink the startup Kool-Aid – find a problem and try to solve it

venturevillage.eu

The problem I have with that is that by having created this separate “startup” terminology, we’re often using it as a crutch, an excuse for a poorly defined business plan, a sort of “get out of not knowing what we’re doing by playing an investment card.”

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