BVU Students Can Compete For Cash Prizes in Business Plan Contest

BVU Students Can Compete For Cash Prizes in Business Plan Contest

BVU Students Can Compete For Cash Prizes in Business Plan Contest

Buena Vista University students have the opportunity to earn $4,000 in cash prizes in the first annual “Beaver Business Plan” competition.

The contest was developed by the Harold Walter Siebens School of Business and is open to full or part-time BVU undergraduate students at the Storm Lake campus from all academic disciplines, says Dr. Kihwan Kim, assistant professor of management.  Prizes will be $2,500 for first place, $1,000 for second and $500 for third, with no restrictions on how the money is used.  

Deadline for entries is April 9.  Contestants will present their plans for a start-up business on April 30.   Entries can be submitted by individual students or teams of not more than three members.

Students who participate in the contest could be considered for the Okoboji Entrepreneurial Institute, which is held in August. 

“The winners will be selected based on their written business plan and their presentation,” says Kim.  “Specifically, a written plan will be judged based on the potential for success of the proposed business idea, the business description, the marketing plan, the financial plan, and the effectiveness of their presentation.”   The panel of judges will include four members of the business faculty and local business leaders.

In developing their plans, students can seek advice on marketing, financial, legal and general issues from members of the business faculty.   Information sessions for students will be held Feb. 16 and 21 at 6 p.m. in Siebens Forum room 10.

“This is a new and unique opportunity for all students,” says Dr. Liz Throop, interim dean of the Harold Walter Siebens School of Business.  “Since many people graduating with a bachelor’s degree are likely to work in the corporate world, having an understanding of what makes business work is valuable and marketable.”   

Details on entry requirements can be found here.