Requirements:

 

1. Submit 1 copy of the contestants' business plan.

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2. One, typed 8-1/2 x 11 double spaced business plan must accompany the project. 

     The business plan:

             a. should be a minimum of ten (10) pages and not to exceed twenty (20) pages

             b. should include a cover page, executive summary, company description, a marketing plan

             c. also should include a management plan and a financial plan

             d. also include any supporting documents (i.e. graphs, photographs, statistical data)

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3. The contestant's name, page number and Branch (Coraopolis NAACP #26AB-B) must be at the top of  each page. 

     The plan must be submitted on or before the specified deadline for judges's pre (March 23,2023 deadline)

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4. The contestant is required to make an oral presentation, not to exceed five (5) minutes, explaining his/her business plan.

      Product demonstrations are not required but can be offered at the requests of the judges.

 

5. A visual presentation in the form of a display, slide show, or PowerPoint presentation should be provided.

 

6. Contestants should be familiar with business terminology in general and about terminology related to their selected                                    product/service. 

      Knowing customer segments, value propositions, customer channels, revenue streams, and cost structure can be helpful.

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7. Contestants are required to have personally conducted the business plan analysis and have been involved with the production of         any prototype product or service trials.

 

8. A statement of Competitor integrity must be signed.

 

9. The NAACP ACT-SO Program will provide electrical power and an LCD projector.

 

10. Contestants must provide a laptop and appropriate adapter for projection. 

 

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Contestants Will Be Judged By The Following Criteria:

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• Written Business Plan (75)

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     1. Marketing Strategy (15 pts) 

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     2. Management Plan/Personnel Profiles (10 pts)

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     3. Financial Plan (15 pts)

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     4. Market Research & Analysis (10 pts)

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     5. Government Requirements (5 pts)

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     6. Product/Service Knowledge (10 pts)

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     7. Customer Service Plan (5 pts)

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     8. Creativity/Originality (5 pts)

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• Oral Presentation (20)

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     1. Comfort Level of Product/Service Knowledge (10 pts)

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     2. Social Responsibility/Contribution to the Community (5 pts)

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     3. Presentation Style (5 pts)

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• Visual Presentation (5 pts)

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