Kabara Institute announces Business Plan Competition

Full-time undergraduate students at Saint Mary’s are invited to submit business plans for a chance to win $1,500 in cash through the Kabara Institute for Entrepreneurial Studies. Participants may enter as individuals or as a team of two students. All majors are encouraged to take part.

New this year, there are separate divisions for business majors and non-business majors

Students are invited to develop a business plan for a business that they would like to start. Contents of the plan should include:

• a one-page executive summary
• a concept statement
• a preliminary marketing plan
• a discussion of operating considerations (suppliers, manufacturing processes, staffing, operating hours, etc.)
• anticipated start-up costs and pro-forma financial statements for the first year of operation
• and references for the sources used in the plan and contact information for each of the entrants.

Criteria for judging the plans includes: creativity, feasibility of the proposed project and comprehensiveness of the business plan.

A hard copy and electronic copy of the business plan must be submitted to Teresa Speck by Monday, March 15.

For more information, contact Speck at tspeck@smumn.edu or Ext. 1449. Questions about developing business plans can be directed to Jana Schrenkler at jschrenk@smumn.edu or Ext. 1491 or Sharon O’Reilly at soreilly@smumn.edu or Ext. 1576.