Kabara business plan competition for students

The Kabara Institute for Entrepreneurial Studies announces the second annual Student Business Plan Competition.

Participants must be full-time undergraduate students on the Winona campus, may participate as an individual or as a team of two students, and can have any major.

Students are asked to develop a business plan for a business that they would like to start. The business does not need to be an on-campus business. The projected start-up costs and initial capital required may not exceed $10,000.

The plan must include: a one-page executive summary, a concept statement, anticipated startup costs, a preliminary marketing plan, potential suppliers and/or manufacturing processes (as applicable), a discussion of operating considerations (staffing, operating hours, etc.), pro-forma financial statements for the first year of operation, references for the data sources used in the plan, and contact information for each of the individuals submitting the proposal.

Criteria for judging the plans include: feasibility of the proposed project, creativity, comprehensiveness of the business plan, and reasonableness of the assumptions used to create the plan.

Semi-finalists will receive a one-year membership in CEO, the Collegiate Entrepreneurs' Organization. Additionally, first place is $1,000; second place is $500, and third place is $250.

A hard copy and electronic copy of the business plans must be submitted to Teresa Speck by noon Monday, March 2. Semifinalists will present their plans to a panel of judges on Friday, March 13, and winners will be announced within a week.

For more information, go to www.smumn.edu/kabara or contact Speck at tspeck@smumn.edu or Ext. 1449.