Maverick Business Plan Submission Requirements
How to Submit Your Business Plan
- Submission deadline: Monday, April 17, 2017, 11:59 P.M.
- Finals: Thursday, April 27, 2017, 6-7:15 P.M.
2017 Competition Requirements
The Maverick Business Plan Competition requires a business or not-for-profit proposal in general terms and should outline the idea, the market, the competition, and competitive advantages, as well as for a general understanding of how the firm will operate and generate a profit. The requested document is a simplified business plan, in that detailed market information and financial projects normally required to obtain VC funding are not required. Concepts are evaluated on their viability in the current marketplace. The submission should have a one page Executive Summary and followed by no more than a ten page proposal for the business. Additional documentation should be placed in an appendix, along with team member’s resumes. Format is 12-point font and one-inch margins. Important elements to include in the business plan are as follows:
- Describe your entrepreneurial concept.
- Describe the underlying idea; what problem does it solve?
- State what makes the concept unique.
- Determine the customer/market.
- Decide how the business will generate revenue or become self-sustaining.
- List the long-term goals of the business
- Determine the "Pain" or problem that the entrepreneurial concept addresses.
- Explain the solution the concept provides.
- Discuss why these product/service benefits are real and valuable to customers.
- If applicable, calculate the total revenues forthe target market. (This can be expressed in terms of total revenues or total expenditures by customers, or can be expressed in terms of total customers multiplied by the average amount spent per customer annually.)
- If revenue is not applicable, how would you measure success?
- Discuss your current or anticipated competition. Describe what other solutions exist.
- Describe the critical success factors and critical risks.
- Articulate milestone and longer-term goals.
- Describe the attributes of any product or service.
- Explain how the product will be produced or how the service will be performed.
- Determine how much or what types of resources would be generally required.
- Estimate the costs associated with developing or starting the business
- If applicable, determine the revenue to be generated per unit sale or service provided
- Estimate the break-even point (the what point revenues exceed expenses). Judges should be able to appreciate that the benefits offered will outweigh the associated costs
- Detailed pro-formas are not required, but if applicable, can be included in the appendix.
- Who are members of the team?
- What are their backgrounds?
- What are their intended roles within this proposal?
- Will others need to be hired and when?
- Name of team captain
- Telephone number
- Email address
- Team member resumes
- Diagrams, illustrations, photos, etc.
- Financials if applicable
IMPORTANT! IF YOU DO NOT AGREE WITH THE FOLLOWING, DO NOT SUBMIT:
The Maverick Business Plan Competition is intended to encourage innovation and entrepreneurial thinking among the students of UNO. As such, it is for educational purposes only. By submitting your idea(s) to the Maverick Business Plan Competition you acknowledge and agree that you are making a submission solely for purposes of being considered for a contest award. Information deemed highly proprietary or sensitive should not be included or disclosed in either submissions or presentations. By making an email submission, you release the Center for Innovation, Entrepreneurship & Franchising and its respective directors, officers, shareholders, and employees from any and all claims relating to your email submission, including and without limitation arising from the risk of misdirection or misdelivery of your email.
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