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As a prize I would not offer a prize, but I would offer an opportunity for the contestants to showcase their work to a group of people that may have the ability to invest capital for their businesses. The reward would be to showcase your work and actually have investors look in to the work and hopefully make moves to continue on into the business world. I would invite the school’s business department as well as local businesses owners to come and judge the contestants work. The reason I would choose these people is because in one group you have people who study business and business planning and on the other hand you have people that actually have gone out into the real world and opened a business so in that situation you have the input of the hypothetical people how talk theory and those how can talk from experience. I would structure the competition like a typical competition. I would first start with the preliminary rounds which help weed out the business plans that have careless mistakes or that aren’t up to a certain standard that would be worth presenting. Once that process id over we will continue on the presentation of the business plans and student will get a chance to showcase their work. Finally we tally up the point and choose winners and well as give each presentation its own advisement for the judges.
We will only allow a few contestants; maybe the top 10 business plans that we receive will have a chance to showcase their work. During the presentation students will be allowed a certain amount of time to introduce their plans and take us through their business plan. After that section has finished it is time for the judges to ask question about their business plans and depending on how well the question is answered and how well the contestant is able to reply to the question with the information already on hand, the judges will give point accordingly.

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