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Frankfort/Franklin County Community Education Paul Sawyer Public Library 2013 Business Plan Writing Competition Please score each team below by circling the number by each category. Your scores along
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How to fill out business plan competition judging

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How to fill out business plan competition judging?

01
Start by thoroughly reviewing the judging criteria provided by the organizers of the competition. Understand what specific aspects of the business plan will be evaluated and how they will be weighted.
02
Familiarize yourself with the format and requirements for submitting your business plan. This may include specific guidelines for formatting, page limits, and sections to include. Be sure to follow these instructions carefully.
03
Begin by reading through the entire business plan and gaining an understanding of the overall concept, market opportunity, competitive landscape, and financial projections. Take notes and highlight key areas to reference during the judging process.
04
Evaluate each section of the business plan separately, considering its clarity, depth, and persuasiveness. Take note of any areas where additional information or supporting evidence may be needed.
05
Assess the market analysis section of the business plan to determine if the market opportunity is clearly defined, and the target market is correctly identified. Look for evidence of thorough research, understanding of customer needs, and strategies for addressing market challenges.
06
Evaluate the product or service description to determine if it is well-defined, innovative, and meets a genuine market need. Consider the uniqueness of the offering, its potential for scalability or differentiation, and the potential barriers to entry in the market.
07
Analyze the marketing and sales strategies outlined in the business plan. Look for evidence of effective marketing channels, customer acquisition strategies, and realistic sales projections. Consider the strength of the brand, pricing strategies, and customer retention plans.
08
Assess the financial projections and assumptions made in the business plan. Look for realism, accuracy, and the inclusion of important financial metrics such as revenue projections, cost structures, and profit margins. Evaluate the credibility of the financial projections based on the market analysis and operational strategies presented.
09
Consider the overall presentation and professionalism of the business plan. Evaluate the quality of the writing, organization, and visual appeal. Pay attention to the use of charts, graphs, and supporting documentation.
10
Provide constructive feedback and suggestions for improvement in each area of the business plan. Focus on highlighting strengths, identifying weaknesses, and offering actionable recommendations for enhancing the plan's effectiveness.

Who needs business plan competition judging?

01
Entrepreneurs who want to receive valuable feedback and validation on their business plan.
02
Investors and venture capitalists looking for promising startups and investment opportunities.
03
Organizers of the business plan competition who want to identify and reward the most promising business ideas and plans.
04
Business consultants and advisors who want to provide valuable guidance and support to entrepreneurs.
05
Academic institutions or incubation centers aiming to foster entrepreneurship and innovation in their communities.
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Business plan competition judging involves evaluating and scoring business plans submitted by participants based on various criteria such as feasibility, innovation, market potential, and financial projections.
Participants or teams entering the competition are required to file their business plan for judging.
To fill out business plan competition judging, participants need to complete all required sections of the business plan template provided by the competition organizers and submit it by the deadline.
The purpose of business plan competition judging is to identify promising business ideas, provide feedback and guidance to participants, and ultimately award prizes to the most innovative and viable business plans.
Participants must provide detailed information about their business idea, target market, competition, marketing strategy, financial projections, and team composition.
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