Discussion: View Thread

Entrepreneurship Business Plan Competition

  • 1.  Entrepreneurship Business Plan Competition

    Posted 03-07-2013 08:31

    Dear All,

     

    We are considering starting a business plan competition here. The idea is that students will present new venture ideas to a panel of local judges who will decide who gets the funding necessary to start the business. We have been asked to put together a concept paper for the competition which can be circulated to the different stakeholders to get buy-in from them. Does anyone have any examples of such a concept paper? We can use what you have already developed as a basis for our concept paper, rather than starting from scratch.

     

    Thanks for your help,

     

    Vishal Gupta

     

    *****************************************************************************************

    Vishal Gupta, PhD.

    Assistant Professor of Strategy,

    School of Management,

    State University of New York- Binghamton,

    Vestal, NY 13902 (USA).

    Phone: 607-777-6853

    www.professorvishalgupta.com

    www.linkedin.com/in/vishalkgupta/

    ******************************************************************************************

     

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 2.  Entrepreneurship Business Plan Competition

    Posted 03-07-2013 12:13
    you may wish to ping the Kauffman Foundation.
    They have concept papers, rules, on line voting tools, etc.

    most is free!

    ----------------------------------------------------------
    Dr. Sean Wise, BA LLB MBA PhD
    Asst. Professor, Entrepreneurship and Strategy Department,
    Ted Rogers School of Management, Ryerson University
    ----------------------------------------------------------
    Director, Dobson Micro-Financing Seed Venture Fund
    Chair, Ryerson Angel Network
    Chair, $25,000 Slaight Business Plan Competition
    Member, Digital Media Zone, Steering Committee
    ----------------------------------------------------------
    sean.wise@ryerson.ca  (416) 995 9017  www.nakedentrepreneur.tv

    ----- Original Message -----
    From: Vishal K Gupta <vgupta@BINGHAMTON.EDU>
    Date: Thursday, March 7, 2013 11:20 am
    Subject: [ENTREP] Entrepreneurship Business Plan Competition
    To: ENTREP@AOMLISTS.PACE.EDU


    > Dear All,
    >
    >
    >
    > We are considering starting a business plan competition here. The
    > idea is
    > that students will present new venture ideas to a panel of local
    > judges who
    > will decide who gets the funding necessary to start the business. We
    > have
    > been asked to put together a concept paper for the competition which
    > can be
    > circulated to the different stakeholders to get buy-in from them. Does
    > anyone have any examples of such a concept paper? We can use what you
    > have
    > already developed as a basis for our concept paper, rather than starting
    > from scratch.
    >
    >
    >
    > Thanks for your help,
    >
    >
    >
    > Vishal Gupta
    >
    >
    >
    > *****************************************************************************************
    >
    > Vishal Gupta, PhD.
    >
    > Assistant Professor of Strategy,
    >
    > School of Management,
    >
    > State University of New York- Binghamton,
    >
    > Vestal, NY 13902 (USA).
    >
    > Phone: 607-777-6853
    >
    > www.professorvishalgupta.com
    >
    > www.linkedin.com/in/vishalkgupta/
    >
    > ******************************************************************************************
    >
    > **************************************
    > This message is from ENTREP which is sponsored by the
    > Entrepreneurship Division of the Academy of Management.
    >
    > Please do not post messages with attached files. Commercial messages
    > or spammed messages are not allowed on the list. The use of
    > auto-responder "out-of-office" messages may also lead to your removal
    > from the list.
    >
    > You can manage your subscription options, including joining or
    > leaving the list here:
    > http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >
    > If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu.
    >
    > Ventures HO!
    >

    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list.

    You can manage your subscription options, including joining or leaving the list here:
    http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1

    If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu.

    Ventures HO!


  • 3.  Entrepreneurship Business Plan Competition

    Posted 03-07-2013 19:59
    Normally, I would plead with you "Don't Do It!" :) The typical biz
    plan contest adds about as much to students' entrepreneurial mindset
    as teaching them about biz plans... Very little and may even do harm.
    Unless you really know what you're doing.
    BUT....
    Sean is right to contact Kauffman. The person to contact is Katie
    Peterson who manages a terrific platform for this sort of thing called
    iStart (www.iStart.org, I think): A great platform makes a big, big
    difference. (And not a fruitful area for DIY.)

    I would also urge you to look at all the lean startup tools out there.
    Spend several months getting really up to speed. Participate in a
    Startup Weekend or Lean Startup Machine.

    Following Steve Blank's Lean LaunchPad course (available free on
    Udacity) is not for amateurs either, but it's well worth the
    investment. The "Startup Owners Manual" (Blank & Dorf 2012) is
    designed to be a text for all this. The book is cheap and students
    will keep it. Also, there are a few lean fanatics, er, fans on this
    listserv who'd be happy to help. (Doan, you lurking out there?)

    However, you can profitably look at doing a business *model* contest.
    Nathan Furr at BYU is probably the most experienced here and I
    recommend his book, "Nail It, Then Scale It."

    p.s. Sean, don't you have a new book that might also be helpful?

    Norris

    On 3/7/13, Sean Wise <sean.wise@ryerson.ca> wrote:
    > you may wish to ping the Kauffman Foundation.
    > They have concept papers, rules, on line voting tools, etc.
    >
    > most is free!
    >
    > ----------------------------------------------------------
    > Dr. Sean Wise, BA LLB MBA PhD
    > Asst. Professor, Entrepreneurship and Strategy Department,
    > Ted Rogers School of Management, Ryerson University
    > ----------------------------------------------------------
    > Director, Dobson Micro-Financing Seed Venture Fund
    > Chair, Ryerson Angel Network
    > Chair, $25,000 Slaight Business Plan Competition
    > Member, Digital Media Zone, Steering Committee
    > ----------------------------------------------------------
    > sean.wise@ryerson.ca  (416) 995 9017  www.nakedentrepreneur.tv
    >
    > ----- Original Message -----
    > From: Vishal K Gupta <vgupta@BINGHAMTON.EDU>
    > Date: Thursday, March 7, 2013 11:20 am
    > Subject: [ENTREP] Entrepreneurship Business Plan Competition
    > To: ENTREP@AOMLISTS.PACE.EDU
    >
    >
    >> Dear All,
    >>
    >>
    >>
    >> We are considering starting a business plan competition here. The
    >> idea is
    >> that students will present new venture ideas to a panel of local
    >> judges who
    >> will decide who gets the funding necessary to start the business. We
    >> have
    >> been asked to put together a concept paper for the competition which
    >> can be
    >> circulated to the different stakeholders to get buy-in from them. Does
    >> anyone have any examples of such a concept paper? We can use what you
    >> have
    >> already developed as a basis for our concept paper, rather than starting
    >> from scratch.
    >>
    >>
    >>
    >> Thanks for your help,
    >>
    >>
    >>
    >> Vishal Gupta
    >>
    >>
    >>
    >>
    >> *****************************************************************************************
    >>
    >> Vishal Gupta, PhD.
    >>
    >> Assistant Professor of Strategy,
    >>
    >> School of Management,
    >>
    >> State University of New York- Binghamton,
    >>
    >> Vestal, NY 13902 (USA).
    >>
    >> Phone: 607-777-6853
    >>
    >> www.professorvishalgupta.com
    >>
    >> www.linkedin.com/in/vishalkgupta/
    >>
    >>
    >> ******************************************************************************************
    >>
    >> **************************************
    >> This message is from ENTREP which is sponsored by the
    >> Entrepreneurship Division of the Academy of Management.
    >>
    >> Please do not post messages with attached files. Commercial messages
    >> or spammed messages are not allowed on the list. The use of
    >> auto-responder "out-of-office" messages may also lead to your removal
    >> from the list.
    >>
    >> You can manage your subscription options, including joining or
    >> leaving the list here:
    >> http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >>
    >> If you have questions or need help, please contact Dr. John Bunch
    >> jbunch@benedictine.edu.
    >>
    >> Ventures HO!
    >>
    >
    > **************************************
    > This message is from ENTREP which is sponsored by the Entrepreneurship
    > Division of the Academy of Management.
    >
    > Please do not post messages with attached files. Commercial messages or
    > spammed messages are not allowed on the list. The use of auto-responder
    > "out-of-office" messages may also lead to your removal from the list.
    >
    > You can manage your subscription options, including joining or leaving the
    > list here:
    > http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >
    > If you have questions or need help, please contact Dr. John Bunch
    > jbunch@benedictine.edu.
    >
    > Ventures HO!
    >


    --

    Norris
    *
    *
    * "How can I help you to grow entrepreneurs?" *
    Norris Krueger, Ph.D.
    Entrepreneurship Northwest
    208.440.3747
    www.about.me/norriskrueger

    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list.

    You can manage your subscription options, including joining or leaving the list here:
    http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1

    If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu.

    Ventures HO!


  • 4.  Entrepreneurship Business Plan Competition

    Posted 03-07-2013 23:41
    If you want to learn from one of the best at leading ENT students through business plan/model competitions, you should talk with and possibly observe Van Clouse at University of Louisville. His teams consistently win or place very well in competitions. See the following list: http://business.louisville.edu/business-competitions/

    One of the things you'll learn is that it takes a lot of mentoring and a huge amount of time to succeed at a high level. I would agree with Norris's advice not to do it with the caveat that I'm assuming your school wants you to do some research. You will likely have little time for research.

    On the positive side, the business plan competitions have a profound positive impact on students. They end up with more confidence, able to present (sell) themselves and their ideas, and they appear more resourceful and proactive in identifying and solving problems.

    Good luck!
    Melissa

    -----Original Message-----
    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Norris Krueger
    Sent: Friday, 8 March 2013 1:59 p.m.
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: Re: [ENTREP] Entrepreneurship Business Plan Competition

    Normally, I would plead with you "Don't Do It!" :) The typical biz plan contest adds about as much to students' entrepreneurial mindset as teaching them about biz plans... Very little and may even do harm.
    Unless you really know what you're doing.
    BUT....
    Sean is right to contact Kauffman. The person to contact is Katie Peterson who manages a terrific platform for this sort of thing called iStart (www.iStart.org, I think): A great platform makes a big, big difference. (And not a fruitful area for DIY.)

    I would also urge you to look at all the lean startup tools out there.
    Spend several months getting really up to speed. Participate in a Startup Weekend or Lean Startup Machine.

    Following Steve Blank's Lean LaunchPad course (available free on
    Udacity) is not for amateurs either, but it's well worth the investment. The "Startup Owners Manual" (Blank & Dorf 2012) is designed to be a text for all this. The book is cheap and students will keep it. Also, there are a few lean fanatics, er, fans on this listserv who'd be happy to help. (Doan, you lurking out there?)

    However, you can profitably look at doing a business *model* contest.
    Nathan Furr at BYU is probably the most experienced here and I recommend his book, "Nail It, Then Scale It."

    p.s. Sean, don't you have a new book that might also be helpful?

    Norris

    On 3/7/13, Sean Wise <sean.wise@ryerson.ca> wrote:
    > you may wish to ping the Kauffman Foundation.
    > They have concept papers, rules, on line voting tools, etc.
    >
    > most is free!
    >
    > ----------------------------------------------------------
    > Dr. Sean Wise, BA LLB MBA PhD
    > Asst. Professor, Entrepreneurship and Strategy Department, Ted Rogers
    > School of Management, Ryerson University
    > ----------------------------------------------------------
    > Director, Dobson Micro-Financing Seed Venture Fund Chair, Ryerson
    > Angel Network Chair, $25,000 Slaight Business Plan Competition Member,
    > Digital Media Zone, Steering Committee
    > ----------------------------------------------------------
    > sean.wise@ryerson.ca | (416) 995 9017 | www.nakedentrepreneur.tv
    >
    > ----- Original Message -----
    > From: Vishal K Gupta <vgupta@BINGHAMTON.EDU>
    > Date: Thursday, March 7, 2013 11:20 am
    > Subject: [ENTREP] Entrepreneurship Business Plan Competition
    > To: ENTREP@AOMLISTS.PACE.EDU
    >
    >
    >> Dear All,
    >>
    >>
    >>
    >> We are considering starting a business plan competition here. The
    >> idea is that students will present new venture ideas to a panel of
    >> local judges who will decide who gets the funding necessary to start
    >> the business. We have been asked to put together a concept paper for
    >> the competition which can be circulated to the different
    >> stakeholders to get buy-in from them. Does anyone have any examples
    >> of such a concept paper? We can use what you have already developed
    >> as a basis for our concept paper, rather than starting from scratch.
    >>
    >>
    >>
    >> Thanks for your help,
    >>
    >>
    >>
    >> Vishal Gupta
    >>
    >>
    >>
    >>
    >> *********************************************************************
    >> ********************
    >>
    >> Vishal Gupta, PhD.
    >>
    >> Assistant Professor of Strategy,
    >>
    >> School of Management,
    >>
    >> State University of New York- Binghamton,
    >>
    >> Vestal, NY 13902 (USA).
    >>
    >> Phone: 607-777-6853
    >>
    >> www.professorvishalgupta.com
    >>
    >> www.linkedin.com/in/vishalkgupta/
    >>
    >>
    >> *********************************************************************
    >> *********************
    >>
    >> **************************************
    >> This message is from ENTREP which is sponsored by the
    >> Entrepreneurship Division of the Academy of Management.
    >>
    >> Please do not post messages with attached files. Commercial messages
    >> or spammed messages are not allowed on the list. The use of
    >> auto-responder "out-of-office" messages may also lead to your removal
    >> from the list.
    >>
    >> You can manage your subscription options, including joining or
    >> leaving the list here:
    >> http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >>
    >> If you have questions or need help, please contact Dr. John Bunch
    >> jbunch@benedictine.edu.
    >>
    >> Ventures HO!
    >>
    >
    > **************************************
    > This message is from ENTREP which is sponsored by the Entrepreneurship
    > Division of the Academy of Management.
    >
    > Please do not post messages with attached files. Commercial messages
    > or spammed messages are not allowed on the list. The use of
    > auto-responder "out-of-office" messages may also lead to your removal from the list.
    >
    > You can manage your subscription options, including joining or leaving
    > the list here:
    > http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >
    > If you have questions or need help, please contact Dr. John Bunch
    > jbunch@benedictine.edu.
    >
    > Ventures HO!
    >


    --

    Norris
    *
    *
    * "How can I help you to grow entrepreneurs?" * Norris Krueger, Ph.D.
    Entrepreneurship Northwest
    208.440.3747
    www.about.me/norriskrueger

    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list.

    You can manage your subscription options, including joining or leaving the list here:
    http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1

    If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu.

    Ventures HO!


  • 5.  Entrepreneurship Business Plan Competition

    Posted 03-08-2013 08:51
    I agree with everything Melissa has said. Our (U of AR) experience with business plan competitions is that they have been transformational for our students, our region, and much of our state. In the past five years, our student teams have started 10 businesses, raised $16 million in grants and investment, and employ 100 Arkansans at wage rates 150% of the state average. If a university is willing to commit the resources to supporting them, business plan competitions can have a big payoff, but they are a tremendous amount of work. It is hard to overstate the amount of mentoring it takes to prepare students to compete at the highest level, like Louisville.

    I don't know how anyone is supposed to write a good business plan without "getting out of the building" to talk to customers and key partners, figuring out the best way to go to market with limited resources, and being able to clearly articulate your value proposition. I have begun to use the Lean Startup methodology as a way to get my students started on their business plans, but I have not found that a lean canvas approach can replace a strong (and that is an important qualifier) business plan.

    If your school is committed to this, go for it, but you need to understand that it will consume an immense amount of time to do well.

    Best of luck.

    Carol

    -----Original Message-----
    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Melissa Baucus
    Sent: Thursday, March 07, 2013 10:41 PM
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: Re: [ENTREP] Entrepreneurship Business Plan Competition

    If you want to learn from one of the best at leading ENT students through business plan/model competitions, you should talk with and possibly observe Van Clouse at University of Louisville. His teams consistently win or place very well in competitions. See the following list: http://business.louisville.edu/business-competitions/

    One of the things you'll learn is that it takes a lot of mentoring and a huge amount of time to succeed at a high level. I would agree with Norris's advice not to do it with the caveat that I'm assuming your school wants you to do some research. You will likely have little time for research.

    On the positive side, the business plan competitions have a profound positive impact on students. They end up with more confidence, able to present (sell) themselves and their ideas, and they appear more resourceful and proactive in identifying and solving problems.

    Good luck!
    Melissa

    -----Original Message-----
    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Norris Krueger
    Sent: Friday, 8 March 2013 1:59 p.m.
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: Re: [ENTREP] Entrepreneurship Business Plan Competition

    Normally, I would plead with you "Don't Do It!" :) The typical biz plan contest adds about as much to students' entrepreneurial mindset as teaching them about biz plans... Very little and may even do harm.
    Unless you really know what you're doing.
    BUT....
    Sean is right to contact Kauffman. The person to contact is Katie Peterson who manages a terrific platform for this sort of thing called iStart (www.iStart.org, I think): A great platform makes a big, big difference. (And not a fruitful area for DIY.)

    I would also urge you to look at all the lean startup tools out there.
    Spend several months getting really up to speed. Participate in a Startup Weekend or Lean Startup Machine.

    Following Steve Blank's Lean LaunchPad course (available free on
    Udacity) is not for amateurs either, but it's well worth the investment. The "Startup Owners Manual" (Blank & Dorf 2012) is designed to be a text for all this. The book is cheap and students will keep it. Also, there are a few lean fanatics, er, fans on this listserv who'd be happy to help. (Doan, you lurking out there?)

    However, you can profitably look at doing a business *model* contest.
    Nathan Furr at BYU is probably the most experienced here and I recommend his book, "Nail It, Then Scale It."

    p.s. Sean, don't you have a new book that might also be helpful?

    Norris

    On 3/7/13, Sean Wise <sean.wise@ryerson.ca> wrote:
    > you may wish to ping the Kauffman Foundation.
    > They have concept papers, rules, on line voting tools, etc.
    >
    > most is free!
    >
    > ----------------------------------------------------------
    > Dr. Sean Wise, BA LLB MBA PhD
    > Asst. Professor, Entrepreneurship and Strategy Department, Ted Rogers
    > School of Management, Ryerson University
    > ----------------------------------------------------------
    > Director, Dobson Micro-Financing Seed Venture Fund Chair, Ryerson
    > Angel Network Chair, $25,000 Slaight Business Plan Competition Member,
    > Digital Media Zone, Steering Committee
    > ----------------------------------------------------------
    > sean.wise@ryerson.ca | (416) 995 9017 | www.nakedentrepreneur.tv
    >
    > ----- Original Message -----
    > From: Vishal K Gupta <vgupta@BINGHAMTON.EDU>
    > Date: Thursday, March 7, 2013 11:20 am
    > Subject: [ENTREP] Entrepreneurship Business Plan Competition
    > To: ENTREP@AOMLISTS.PACE.EDU
    >
    >
    >> Dear All,
    >>
    >>
    >>
    >> We are considering starting a business plan competition here. The
    >> idea is that students will present new venture ideas to a panel of
    >> local judges who will decide who gets the funding necessary to start
    >> the business. We have been asked to put together a concept paper for
    >> the competition which can be circulated to the different
    >> stakeholders to get buy-in from them. Does anyone have any examples
    >> of such a concept paper? We can use what you have already developed
    >> as a basis for our concept paper, rather than starting from scratch.
    >>
    >>
    >>
    >> Thanks for your help,
    >>
    >>
    >>
    >> Vishal Gupta
    >>
    >>
    >>
    >>
    >> *********************************************************************
    >> ********************
    >>
    >> Vishal Gupta, PhD.
    >>
    >> Assistant Professor of Strategy,
    >>
    >> School of Management,
    >>
    >> State University of New York- Binghamton,
    >>
    >> Vestal, NY 13902 (USA).
    >>
    >> Phone: 607-777-6853
    >>
    >> www.professorvishalgupta.com
    >>
    >> www.linkedin.com/in/vishalkgupta/
    >>
    >>
    >> *********************************************************************
    >> *********************
    >>
    >> **************************************
    >> This message is from ENTREP which is sponsored by the
    >> Entrepreneurship Division of the Academy of Management.
    >>
    >> Please do not post messages with attached files. Commercial messages
    >> or spammed messages are not allowed on the list. The use of
    >> auto-responder "out-of-office" messages may also lead to your removal
    >> from the list.
    >>
    >> You can manage your subscription options, including joining or
    >> leaving the list here:
    >> http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >>
    >> If you have questions or need help, please contact Dr. John Bunch
    >> jbunch@benedictine.edu.
    >>
    >> Ventures HO!
    >>
    >
    > **************************************
    > This message is from ENTREP which is sponsored by the Entrepreneurship
    > Division of the Academy of Management.
    >
    > Please do not post messages with attached files. Commercial messages
    > or spammed messages are not allowed on the list. The use of
    > auto-responder "out-of-office" messages may also lead to your removal from the list.
    >
    > You can manage your subscription options, including joining or leaving
    > the list here:
    > http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >
    > If you have questions or need help, please contact Dr. John Bunch
    > jbunch@benedictine.edu.
    >
    > Ventures HO!
    >


    --

    Norris
    *
    *
    * "How can I help you to grow entrepreneurs?" * Norris Krueger, Ph.D.
    Entrepreneurship Northwest
    208.440.3747
    www.about.me/norriskrueger

    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list.

    You can manage your subscription options, including joining or leaving the list here:
    http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1

    If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu.

    Ventures HO!


  • 6.  Entrepreneurship Business Plan Competition

    Posted 03-08-2013 08:59
    Love advice from both Norris and Melissa. I struggle seeing the value of these competitions/exercises for most students. Not that it isn't there, but what I see as more valuable is business modeling. It's a more action-oriented approach, something students can more easily grasp. But I can't echo enough the time and energy it takes to mentor, to research, to develop a good event and good connections to help you pull off the event. We are putting on a business model competition through USASBE (see www.usasbelaunch.com) that your students will be able to enter. That might be a good experience from outside while you're researching. Take your time and do it right. The lean approach is the way to go - students enjoy it, they can get it, they see things happen/results.


    Dr. Doan Winkel
    Assistant Professor of Entrepreneurship
    Illinois State University
    Campus Mailbox 5580
    Normal, IL 61790
    (309) 438-2736
    www.doanwinkel.com
    LinkedIn: linkd.in/MPkBDA
    Twitter: @Trep_Ed
    ________________________________________
    From: Entrepreneurship Division Listserv [ENTREP@AOMLISTS.PACE.EDU] on behalf of Melissa Baucus [melissa.baucus@OTAGO.AC.NZ]
    Sent: Thursday, March 07, 2013 10:41 PM
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: Re: Entrepreneurship Business Plan Competition

    If you want to learn from one of the best at leading ENT students through business plan/model competitions, you should talk with and possibly observe Van Clouse at University of Louisville. His teams consistently win or place very well in competitions. See the following list: http://business.louisville.edu/business-competitions/

    One of the things you'll learn is that it takes a lot of mentoring and a huge amount of time to succeed at a high level. I would agree with Norris's advice not to do it with the caveat that I'm assuming your school wants you to do some research. You will likely have little time for research.

    On the positive side, the business plan competitions have a profound positive impact on students. They end up with more confidence, able to present (sell) themselves and their ideas, and they appear more resourceful and proactive in identifying and solving problems.

    Good luck!
    Melissa

    -----Original Message-----
    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Norris Krueger
    Sent: Friday, 8 March 2013 1:59 p.m.
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: Re: [ENTREP] Entrepreneurship Business Plan Competition

    Normally, I would plead with you "Don't Do It!" :) The typical biz plan contest adds about as much to students' entrepreneurial mindset as teaching them about biz plans... Very little and may even do harm.
    Unless you really know what you're doing.
    BUT....
    Sean is right to contact Kauffman. The person to contact is Katie Peterson who manages a terrific platform for this sort of thing called iStart (www.iStart.org, I think): A great platform makes a big, big difference. (And not a fruitful area for DIY.)

    I would also urge you to look at all the lean startup tools out there.
    Spend several months getting really up to speed. Participate in a Startup Weekend or Lean Startup Machine.

    Following Steve Blank's Lean LaunchPad course (available free on
    Udacity) is not for amateurs either, but it's well worth the investment. The "Startup Owners Manual" (Blank & Dorf 2012) is designed to be a text for all this. The book is cheap and students will keep it. Also, there are a few lean fanatics, er, fans on this listserv who'd be happy to help. (Doan, you lurking out there?)

    However, you can profitably look at doing a business *model* contest.
    Nathan Furr at BYU is probably the most experienced here and I recommend his book, "Nail It, Then Scale It."

    p.s. Sean, don't you have a new book that might also be helpful?

    Norris

    On 3/7/13, Sean Wise <sean.wise@ryerson.ca> wrote:
    > you may wish to ping the Kauffman Foundation.
    > They have concept papers, rules, on line voting tools, etc.
    >
    > most is free!
    >
    > ----------------------------------------------------------
    > Dr. Sean Wise, BA LLB MBA PhD
    > Asst. Professor, Entrepreneurship and Strategy Department, Ted Rogers
    > School of Management, Ryerson University
    > ----------------------------------------------------------
    > Director, Dobson Micro-Financing Seed Venture Fund Chair, Ryerson
    > Angel Network Chair, $25,000 Slaight Business Plan Competition Member,
    > Digital Media Zone, Steering Committee
    > ----------------------------------------------------------
    > sean.wise@ryerson.ca | (416) 995 9017 | www.nakedentrepreneur.tv
    >
    > ----- Original Message -----
    > From: Vishal K Gupta <vgupta@BINGHAMTON.EDU>
    > Date: Thursday, March 7, 2013 11:20 am
    > Subject: [ENTREP] Entrepreneurship Business Plan Competition
    > To: ENTREP@AOMLISTS.PACE.EDU
    >
    >
    >> Dear All,
    >>
    >>
    >>
    >> We are considering starting a business plan competition here. The
    >> idea is that students will present new venture ideas to a panel of
    >> local judges who will decide who gets the funding necessary to start
    >> the business. We have been asked to put together a concept paper for
    >> the competition which can be circulated to the different
    >> stakeholders to get buy-in from them. Does anyone have any examples
    >> of such a concept paper? We can use what you have already developed
    >> as a basis for our concept paper, rather than starting from scratch.
    >>
    >>
    >>
    >> Thanks for your help,
    >>
    >>
    >>
    >> Vishal Gupta
    >>
    >>
    >>
    >>
    >> *********************************************************************
    >> ********************
    >>
    >> Vishal Gupta, PhD.
    >>
    >> Assistant Professor of Strategy,
    >>
    >> School of Management,
    >>
    >> State University of New York- Binghamton,
    >>
    >> Vestal, NY 13902 (USA).
    >>
    >> Phone: 607-777-6853
    >>
    >> www.professorvishalgupta.com
    >>
    >> www.linkedin.com/in/vishalkgupta/
    >>
    >>
    >> *********************************************************************
    >> *********************
    >>
    >> **************************************
    >> This message is from ENTREP which is sponsored by the
    >> Entrepreneurship Division of the Academy of Management.
    >>
    >> Please do not post messages with attached files. Commercial messages
    >> or spammed messages are not allowed on the list. The use of
    >> auto-responder "out-of-office" messages may also lead to your removal
    >> from the list.
    >>
    >> You can manage your subscription options, including joining or
    >> leaving the list here:
    >> http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >>
    >> If you have questions or need help, please contact Dr. John Bunch
    >> jbunch@benedictine.edu.
    >>
    >> Ventures HO!
    >>
    >
    > **************************************
    > This message is from ENTREP which is sponsored by the Entrepreneurship
    > Division of the Academy of Management.
    >
    > Please do not post messages with attached files. Commercial messages
    > or spammed messages are not allowed on the list. The use of
    > auto-responder "out-of-office" messages may also lead to your removal from the list.
    >
    > You can manage your subscription options, including joining or leaving
    > the list here:
    > http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >
    > If you have questions or need help, please contact Dr. John Bunch
    > jbunch@benedictine.edu.
    >
    > Ventures HO!
    >


    --

    Norris
    *
    *
    * "How can I help you to grow entrepreneurs?" * Norris Krueger, Ph.D.
    Entrepreneurship Northwest
    208.440.3747
    www.about.me/norriskrueger

    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list.

    You can manage your subscription options, including joining or leaving the list here:
    http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1

    If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu.

    Ventures HO!

    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list.

    You can manage your subscription options, including joining or leaving the list here:
    http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1

    If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu.

    Ventures HO!


  • 7.  Entrepreneurship Business Plan Competition

    Posted 03-08-2013 10:51
    As firm believers in Steve blanks "get out of the building", the last few years our business plan competition winners have all adopted customer development to enhance the pitch.

    Further we are able to integrate many courses into the competition. Four instance, our MBA classes do the first screening of business plans.


    =========================
    Dr. Sean Wise, BA LLB MBA PhD
    Asst. Professor of Entrepreneurship & Strategy, 
    Ryerson University
    =========================
    Director, Dobson Micro-Financing Seed Venture Fund 
    Chair, Ryerson Angel Network Chair, $25,000 Slaight Business Plan Competition 
    Member, Digital Media Zone, Steering Committee
    =========================

    sean.wise@ryerson.ca (416) 995 9017 http://nakedentrepreneur.tv







    On 2013-03-08, at 8:51 AM, Carol Reeves <CReeves@WALTON.UARK.EDU> wrote:

    I agree with everything Melissa has said.  Our (U of AR) experience with business plan competitions is that they have been transformational for our students, our region, and much of our state.  In the past five years, our student teams have started 10 businesses, raised $16 million in grants and investment, and employ 100 Arkansans at wage rates 150% of the state average.  If a university is willing to commit the resources to supporting them, business plan competitions can have a big payoff, but they are a tremendous amount of work.  It is hard to overstate the amount of mentoring it takes to prepare students to compete at the highest level, like Louisville.

    I don't know how anyone is supposed to write a good business plan without "getting out of the building" to talk to customers and key partners, figuring out the best way to go to market with limited resources, and being able to clearly articulate your value proposition.  I have begun to use the Lean Startup methodology as a way to get my students started on their business plans, but I have not found that a lean canvas approach can replace a strong (and that is an important qualifier) business plan.

    If your school is committed to this, go for it, but you need to understand that it will consume an immense amount of time to do well.

    Best of luck.

    Carol

    -----Original Message-----
    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Melissa Baucus
    Sent: Thursday, March 07, 2013 10:41 PM
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: Re: [ENTREP] Entrepreneurship Business Plan Competition

    If you want to learn from one of the best at leading ENT students through business plan/model competitions, you should talk with and possibly observe Van Clouse at University of Louisville. His teams consistently win or place very well in competitions. See the following list: http://business.louisville.edu/business-competitions/

    One of the things you'll learn is that it takes a lot of mentoring and a huge amount of time to succeed at a high level. I would agree with Norris's advice not to do it with the caveat that I'm assuming your school wants you to do some research. You will likely have little time for research.

    On the positive side, the business plan competitions have a profound positive impact on students. They end up with more confidence, able to present (sell) themselves and their ideas, and they appear more resourceful and proactive in identifying and solving problems.

    Good luck!
    Melissa

    -----Original Message-----
    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Norris Krueger
    Sent: Friday, 8 March 2013 1:59 p.m.
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: Re: [ENTREP] Entrepreneurship Business Plan Competition

    Normally, I would plead with you "Don't Do It!" :) The typical biz plan contest adds about as much to students' entrepreneurial mindset as teaching them about biz plans... Very little and may even do harm.
    Unless you really know what you're doing.
    BUT....
    Sean is right to contact Kauffman. The person to contact is Katie Peterson who manages a terrific platform for this sort of thing called iStart (www.iStart.org, I think): A great platform makes a big, big difference. (And not a fruitful area for DIY.)

    I would also urge you to look at all the lean startup tools out there.
    Spend several months getting really up to speed. Participate in a Startup Weekend or Lean Startup Machine.

    Following Steve Blank's Lean LaunchPad course (available free on
    Udacity) is not for amateurs either, but it's well worth the investment. The "Startup Owners Manual" (Blank & Dorf 2012) is designed to be a text for all this. The book is cheap and students will keep it. Also, there are a few lean fanatics, er, fans on this listserv who'd be happy to help. (Doan, you lurking out there?)

    However, you can profitably look at doing a business *model* contest.
    Nathan Furr at BYU is probably the most experienced here and I recommend his book, "Nail It, Then Scale It."

    p.s. Sean, don't you have a new book that might also be helpful?

    Norris

    On 3/7/13, Sean Wise <sean.wise@ryerson.ca> wrote:
    you may wish to ping the Kauffman Foundation.
    They have concept papers, rules, on line voting tools, etc.

    most is free!

    ----------------------------------------------------------
    Dr. Sean Wise, BA LLB MBA PhD
    Asst. Professor, Entrepreneurship and Strategy Department, Ted Rogers
    School of Management, Ryerson University
    ----------------------------------------------------------
    Director, Dobson Micro-Financing Seed Venture Fund Chair, Ryerson
    Angel Network Chair, $25,000 Slaight Business Plan Competition Member,
    Digital Media Zone, Steering Committee
    ----------------------------------------------------------
    sean.wise@ryerson.ca | (416) 995 9017 | www.nakedentrepreneur.tv

    ----- Original Message -----
    From: Vishal K Gupta <vgupta@BINGHAMTON.EDU>
    Date: Thursday, March 7, 2013 11:20 am
    Subject: [ENTREP] Entrepreneurship Business Plan Competition
    To: ENTREP@AOMLISTS.PACE.EDU


    Dear All,



    We are considering starting a business plan competition here. The
    idea is  that students will present new venture ideas to a panel of
    local judges who  will decide who gets the funding necessary to start
    the business. We have  been asked to put together a concept paper for
    the competition which can be  circulated to the different
    stakeholders to get buy-in from them. Does  anyone have any examples
    of such a concept paper? We can use what you have  already developed
    as a basis for our concept paper, rather than starting  from scratch.



    Thanks for your help,



    Vishal Gupta




    *********************************************************************
    ********************

    Vishal Gupta, PhD.

    Assistant Professor of Strategy,

    School of Management,

    State University of New York- Binghamton,

    Vestal, NY 13902 (USA).

    Phone: 607-777-6853

    www.professorvishalgupta.com

    www.linkedin.com/in/vishalkgupta/


    *********************************************************************
    *********************

    **************************************
    This message is from ENTREP which is sponsored by the
    Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages
    or spammed messages are not allowed on the list.  The use of
    auto-responder "out-of-office" messages may also lead to your removal
    from the list.

    You can manage your subscription options, including joining or
    leaving the list here:
    http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1

    If you have questions or need help, please contact Dr. John Bunch
    jbunch@benedictine.edu.

    Ventures HO!


    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship
    Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages
    or spammed messages are not allowed on the list.  The use of
    auto-responder "out-of-office" messages may also lead to your removal from the list.

    You can manage your subscription options, including joining or leaving
    the list here:
    http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1

    If you have questions or need help, please contact Dr. John Bunch
    jbunch@benedictine.edu.

    Ventures HO!



    --

    Norris
    *
    *
    * "How can I help you to grow entrepreneurs?" * Norris Krueger, Ph.D.
    Entrepreneurship Northwest
        208.440.3747
    www.about.me/norriskrueger

    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list.  The use of auto-responder "out-of-office" messages may also lead to your removal from the list.

    You can manage your subscription options, including joining or leaving the list here:
    http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1

    If you have questions or need help, please contact Dr. John Bunch  jbunch@benedictine.edu.

    Ventures HO!
    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 8.  Entrepreneurship Business Plan Competition

    Posted 03-08-2013 11:14
    At SDSU, we have run the Venture Challenge Business Plan Competition for 23 years. I have found it to be an extremely valuable experience for students who have participated over the years. Given the proliferation of business plan competitions throughout the country and now the world, students have a chance to refine their ideas, match wits with experienced investors, entrepreneurs and service providers, and build their professional networks. I can point to numerous startups and companies that have evolved through these types of venues. 

    Having said that, I believe that these competitions have evolved over the years. Whether you call them business model competitions or business plan competitions is secondary to the overall objectives of these events. The networking, the interchanges and the road show type of experiences that students garner through participation cannot be obtained in the classroom. 

    At San Diego State University, we are experimenting with a new format this year. Next week we will be hosting our first ever "Lean Model" tm  Competition.  We are not requiring participants to submit a business plan document. Instead, the 16 teams have submitted multi-media presentations of product ideas and business models they are working on. They will be judged on their customer development and business model iteration activities.  We have drawn inspiration for this new design of our competition from the work Nathan Furr is doing at BYU.  Of course, we have put our own twists and our own stamp on this new event. For more information on the Lean Model Competition at SDSU please see http://lavincenter.sdsu.edu/programs/Lean_Model/.

    Follow me on Twitter @AlexDeNoble1 for accounts of this 2-day event next Thursday and Friday March 14 - 15. 

    Alex

    On Fri, Mar 8, 2013 at 5:58 AM, Winkel, Doan <dwinkel@ilstu.edu> wrote:
    Love advice from both Norris and Melissa.  I struggle seeing the value of these competitions/exercises for most students.  Not that it isn't there, but what I see as more valuable is business modeling.  It's a more action-oriented approach, something students can more easily grasp.  But I can't echo enough the time and energy it takes to mentor, to research, to develop a good event and good connections to help you pull off the event.  We are putting on a business model competition through USASBE (see www.usasbelaunch.com) that your students will be able to enter.  That might be a good experience from outside while you're researching.  Take your time and do it right.  The lean approach is the way to go - students enjoy it, they can get it, they see things happen/results.


    Dr. Doan Winkel
    Assistant Professor of Entrepreneurship
    Illinois State University
    Campus Mailbox 5580
    Normal, IL 61790
    (309) 438-2736
    www.doanwinkel.com
    LinkedIn: linkd.in/MPkBDA
    Twitter: @Trep_Ed
    ________________________________________
    From: Entrepreneurship Division Listserv [ENTREP@AOMLISTS.PACE.EDU] on behalf of Melissa Baucus [melissa.baucus@OTAGO.AC.NZ]
    Sent: Thursday, March 07, 2013 10:41 PM
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: Re: Entrepreneurship Business Plan Competition

    If you want to learn from one of the best at leading ENT students through business plan/model competitions, you should talk with and possibly observe Van Clouse at University of Louisville. His teams consistently win or place very well in competitions. See the following list: http://business.louisville.edu/business-competitions/

    One of the things you'll learn is that it takes a lot of mentoring and a huge amount of time to succeed at a high level. I would agree with Norris's advice not to do it with the caveat that I'm assuming your school wants you to do some research. You will likely have little time for research.

    On the positive side, the business plan competitions have a profound positive impact on students. They end up with more confidence, able to present (sell) themselves and their ideas, and they appear more resourceful and proactive in identifying and solving problems.

    Good luck!
    Melissa

    -----Original Message-----
    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Norris Krueger
    Sent: Friday, 8 March 2013 1:59 p.m.
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: Re: [ENTREP] Entrepreneurship Business Plan Competition

    Normally, I would plead with you "Don't Do It!" :) The typical biz plan contest adds about as much to students' entrepreneurial mindset as teaching them about biz plans... Very little and may even do harm.
    Unless you really know what you're doing.
    BUT....
    Sean is right to contact Kauffman. The person to contact is Katie Peterson who manages a terrific platform for this sort of thing called iStart (www.iStart.org, I think): A great platform makes a big, big difference. (And not a fruitful area for DIY.)

    I would also urge you to look at all the lean startup tools out there.
    Spend several months getting really up to speed. Participate in a Startup Weekend or Lean Startup Machine.

    Following Steve Blank's Lean LaunchPad course (available free on
    Udacity) is not for amateurs either, but it's well worth the investment. The "Startup Owners Manual" (Blank & Dorf 2012) is designed to be a text for all this. The book is cheap and students will keep it. Also, there are a few lean fanatics, er, fans on this listserv who'd be happy to help. (Doan, you lurking out there?)

    However, you can profitably look at doing a business *model* contest.
    Nathan Furr at BYU is probably the most experienced here and I recommend his book, "Nail It, Then Scale It."

    p.s. Sean, don't you have a new book that might also be helpful?

    Norris

    On 3/7/13, Sean Wise <sean.wise@ryerson.ca> wrote:
    > you may wish to ping the Kauffman Foundation.
    > They have concept papers, rules, on line voting tools, etc.
    >
    > most is free!
    >
    > ----------------------------------------------------------
    > Dr. Sean Wise, BA LLB MBA PhD
    > Asst. Professor, Entrepreneurship and Strategy Department, Ted Rogers
    > School of Management, Ryerson University
    > ----------------------------------------------------------
    > Director, Dobson Micro-Financing Seed Venture Fund Chair, Ryerson
    > Angel Network Chair, $25,000 Slaight Business Plan Competition Member,
    > Digital Media Zone, Steering Committee
    > ----------------------------------------------------------
    > sean.wise@ryerson.ca | (416) 995 9017 | www.nakedentrepreneur.tv
    >
    > ----- Original Message -----
    > From: Vishal K Gupta <vgupta@BINGHAMTON.EDU>
    > Date: Thursday, March 7, 2013 11:20 am
    > Subject: [ENTREP] Entrepreneurship Business Plan Competition
    > To: ENTREP@AOMLISTS.PACE.EDU
    >
    >
    >> Dear All,
    >>
    >>
    >>
    >>  We are considering starting a business plan competition here. The
    >> idea is  that students will present new venture ideas to a panel of
    >> local judges who  will decide who gets the funding necessary to start
    >> the business. We have  been asked to put together a concept paper for
    >> the competition which can be  circulated to the different
    >> stakeholders to get buy-in from them. Does  anyone have any examples
    >> of such a concept paper? We can use what you have  already developed
    >> as a basis for our concept paper, rather than starting  from scratch.
    >>
    >>
    >>
    >>  Thanks for your help,
    >>
    >>
    >>
    >>  Vishal Gupta
    >>
    >>
    >>
    >>
    >> *********************************************************************
    >> ********************
    >>
    >>  Vishal Gupta, PhD.
    >>
    >>  Assistant Professor of Strategy,
    >>
    >>  School of Management,
    >>
    >>  State University of New York- Binghamton,
    >>
    >>  Vestal, NY 13902 (USA).
    >>
    >>  Phone: 607-777-6853
    >>
    >>  www.professorvishalgupta.com
    >>
    >>  www.linkedin.com/in/vishalkgupta/
    >>
    >>
    >> *********************************************************************
    >> *********************
    >>
    >>  **************************************
    >>  This message is from ENTREP which is sponsored by the
    >> Entrepreneurship Division of the Academy of Management.
    >>
    >>  Please do not post messages with attached files. Commercial messages
    >> or spammed messages are not allowed on the list.  The use of
    >> auto-responder "out-of-office" messages may also lead to your removal
    >> from the list.
    >>
    >>  You can manage your subscription options, including joining or
    >> leaving the list here:
    >>  http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >>
    >>  If you have questions or need help, please contact Dr. John Bunch
    >> jbunch@benedictine.edu.
    >>
    >>  Ventures HO!
    >>
    >
    > **************************************
    > This message is from ENTREP which is sponsored by the Entrepreneurship
    > Division of the Academy of Management.
    >
    > Please do not post messages with attached files. Commercial messages
    > or spammed messages are not allowed on the list.  The use of
    > auto-responder "out-of-office" messages may also lead to your removal from the list.
    >
    > You can manage your subscription options, including joining or leaving
    > the list here:
    > http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >
    > If you have questions or need help, please contact Dr. John Bunch
    > jbunch@benedictine.edu.
    >
    > Ventures HO!
    >


    --

    Norris
    *
    *
    * "How can I help you to grow entrepreneurs?" * Norris Krueger, Ph.D.
    Entrepreneurship Northwest
         208.440.3747
    www.about.me/norriskrueger

    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list.  The use of auto-responder "out-of-office" messages may also lead to your removal from the list.

    You can manage your subscription options, including joining or leaving the list here:
    http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1

    If you have questions or need help, please contact Dr. John Bunch  jbunch@benedictine.edu.

    Ventures HO!

    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list.  The use of auto-responder "out-of-office" messages may also lead to your removal from the list.

    You can manage your subscription options, including joining or leaving the list here:
    http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1

    If you have questions or need help, please contact Dr. John Bunch  jbunch@benedictine.edu.

    Ventures HO!

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 9.  Entrepreneurship Business Plan Competition

    Posted 03-08-2013 12:01
    Hello all,
    To push the boundary further perhaps, we have initiated a Venture Launch Competition at U-Mass Boston.  In this model student founders are judged solely on the PROGRESS they make on their venture, over a 2-month period.  

    We start with an application (happy to forward to any who are interested) that has them describe the current state of their venture, and choose several metrics that would demonstrate progress as they see it.  We provide mentors for the teams (members of our Alumni Board), and offer whatever support we can.  Then, a group of us (Center Director, Chair of the Board, etc.) assess their follow-up report, which has them identify what they've actually accomplished over the two months, and where they are now.  The top four make a presentation at the Finals, and the top three get awards.  

    Now in its 3rd year, we've had very positive feedback about the competition.  Mostly it affirms the comments being expressed here namely, more emphasis on DOING IT, and less on the creation of a plan.  

    {:=>)  Benyamin 
     


    --
    Benyamin B. Lichtenstein
    Associate Professor of Entrepreneurship and Management.
    College of Management,  U-Mass Boston, MA 02125
    617-923-3092 = home office
    617-287-7887 = University office (UMB)

    Acting Director: Entrepreneurship Center  http://www.umb.edu/entrepreneurship_center
    Research Fellow: Center for Sustainable Enterprise  http://www.management.umb.edu/serc/index.php
    my UMB Faculty website: http://www.management.umb.edu/faculty/lichtenstein_benyamin.php
    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 10.  Entrepreneurship Business Plan Competition

    Posted 03-08-2013 13:13
    Love it, Benyamin - in biz model contests, the metric is how much they've learned (not how many experiments/iterations but how well they've done it... it also lets you give high marks to "no go" decisions.)

    @Alex - let me pose a counterargument: Are they learning to think and act like *entrepreneurs*? Those are all important life skills that entrepreneurs need but are we really moving the needle in terms of a very deep mindset? Or are we attracting those who already have it? (Or those who want to win contests?) My concern is always - are we getting to enough of the potential entrepreneurs out there, or just the self-selected few? (That is a strategic choice for us, of course, but seeing people go through, say, a Startup Weekend and go from decidedly NOT seeing themselves as an entrepreneur to seeing that this IS for them... is mind-blowing. The lean/biz model movement is growing because it actually works for a broad cross-section of learners. Rise and Blank like to say that they are proudest of the fact that lean is democratizing entrepreneurship. 

    Strategically - What are our metrics? Are they getting better at time management? Or are they getting better at deep counterfactual thinking? If we have to choose...  And I think we do, at least in the short-run. You can't go halfway on "customer development" and "getting out of the building" - the experience of Stanford/Berkeley/Columbia/et al. is that you have to go all in. 

    Too many of our colleagues simply hand their students Osterwalder's canvas and say "have at it". Yikes! If you don't have the entrepreneurial mindset yourself (which is sadly true among too many of our colleagues - the people responding here are not the average entrep prof) maybe you should stick with biz plans OR seize the opportunity to immerse the students (and yourself) in your entrepreneurial community.


    @Benyamin - Helge Loebler in Leipzig has been on the experiential bandwagon forever - he has a great line about how MBA programs would teach piano. They'd listen to great pianists, they'd study theory (maybe even the physics of how a piano works) then expect the students to go play... well. :) 

    p.s. I am loving that we actually have a discussion going on this sleepy listserv! But I'm shutting up now - what do the rest of you have to stir into this?


    Norris

     "How can I help you to grow entrepreneurs?" 
    Norris Krueger, Ph.D.
    Entrepreneurship Northwest
         208.440.3747



    On Fri, Mar 8, 2013 at 10:01 AM, Benyamin Lichtenstein <benyamin.bml@gmail.com> wrote:
    Hello all,
    To push the boundary further perhaps, we have initiated a Venture Launch Competition at U-Mass Boston.  In this model student founders are judged solely on the PROGRESS they make on their venture, over a 2-month period.  

    We start with an application (happy to forward to any who are interested) that has them describe the current state of their venture, and choose several metrics that would demonstrate progress as they see it.  We provide mentors for the teams (members of our Alumni Board), and offer whatever support we can.  Then, a group of us (Center Director, Chair of the Board, etc.) assess their follow-up report, which has them identify what they've actually accomplished over the two months, and where they are now.  The top four make a presentation at the Finals, and the top three get awards.  

    Now in its 3rd year, we've had very positive feedback about the competition.  Mostly it affirms the comments being expressed here namely, more emphasis on DOING IT, and less on the creation of a plan.  

    {:=>)  Benyamin 
     


    --
    Benyamin B. Lichtenstein
    Associate Professor of Entrepreneurship and Management.
    College of Management,  U-Mass Boston, MA 02125
    617-923-3092 = home office
    617-287-7887 = University office (UMB)

    Acting Director: Entrepreneurship Center  http://www.umb.edu/entrepreneurship_center
    Research Fellow: Center for Sustainable Enterprise  http://www.management.umb.edu/serc/index.php
    my UMB Faculty website: http://www.management.umb.edu/faculty/lichtenstein_benyamin.php
    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 11.  Entrepreneurship Business Plan Competition

    Posted 03-08-2013 14:06
    I agree with Benyamin - I use artists as a metaphor (as unlike him, I'm not a musician). Honestly, folks, I think business plan competitions are about as relevant for entrepreneurship as Football teams. 
    Lots of fun to watch, but not exactly relevant preparation. Unfortunately- regarding metrics - and Universities - well, we really have few. Student evaluations [ 'satisfaction'] is a pathetic favourite. High student grades provide the best correlation with that. 
     Some keep track of first wages, but that's hardly indicative of learning - more of networking. One of these days, we're going to be held accountable like H.S. teachers and whatnot - and I suspect we're going to come up very short!
    Once is a blue moon this listserv wakes up from slumber....

    Benson

    Benson Honig Ph.D.
    Teresa Cascioli Chair in Entrepreneurial Leadership; Editor, ET&P.
    DeGroote School of Business
    McMaster University, Hamilton  Ontario Canada L8S4M4
    Tel: 905-525-9140 ext. 23943
    fax: 905-521-8995
    Cell: 905-518-1716
    email: bhonig@McMaster.ca

    On 2013-03-08, at 1:12 PM, Norris Krueger wrote:

    Love it, Benyamin - in biz model contests, the metric is how much they've learned (not how many experiments/iterations but how well they've done it... it also lets you give high marks to "no go" decisions.)

    @Alex - let me pose a counterargument: Are they learning to think and act like *entrepreneurs*? Those are all important life skills that entrepreneurs need but are we really moving the needle in terms of a very deep mindset? Or are we attracting those who already have it? (Or those who want to win contests?) My concern is always - are we getting to enough of the potential entrepreneurs out there, or just the self-selected few? (That is a strategic choice for us, of course, but seeing people go through, say, a Startup Weekend and go from decidedly NOT seeing themselves as an entrepreneur to seeing that this IS for them... is mind-blowing. The lean/biz model movement is growing because it actually works for a broad cross-section of learners. Rise and Blank like to say that they are proudest of the fact that lean is democratizing entrepreneurship. 

    Strategically - What are our metrics? Are they getting better at time management? Or are they getting better at deep counterfactual thinking? If we have to choose...  And I think we do, at least in the short-run. You can't go halfway on "customer development" and "getting out of the building" - the experience of Stanford/Berkeley/Columbia/et al. is that you have to go all in. 

    Too many of our colleagues simply hand their students Osterwalder's canvas and say "have at it". Yikes! If you don't have the entrepreneurial mindset yourself (which is sadly true among too many of our colleagues - the people responding here are not the average entrep prof) maybe you should stick with biz plans OR seize the opportunity to immerse the students (and yourself) in your entrepreneurial community.


    @Benyamin - Helge Loebler in Leipzig has been on the experiential bandwagon forever - he has a great line about how MBA programs would teach piano. They'd listen to great pianists, they'd study theory (maybe even the physics of how a piano works) then expect the students to go play... well. :) 

    p.s. I am loving that we actually have a discussion going on this sleepy listserv! But I'm shutting up now - what do the rest of you have to stir into this?


    Norris

     "How can I help you to grow entrepreneurs?" 
    Norris Krueger, Ph.D.
    Entrepreneurship Northwest
         208.440.3747



    On Fri, Mar 8, 2013 at 10:01 AM, Benyamin Lichtenstein <benyamin.bml@gmail.com> wrote:
    Hello all,
    To push the boundary further perhaps, we have initiated a Venture Launch Competition at U-Mass Boston.  In this model student founders are judged solely on the PROGRESS they make on their venture, over a 2-month period.  

    We start with an application (happy to forward to any who are interested) that has them describe the current state of their venture, and choose several metrics that would demonstrate progress as they see it.  We provide mentors for the teams (members of our Alumni Board), and offer whatever support we can.  Then, a group of us (Center Director, Chair of the Board, etc.) assess their follow-up report, which has them identify what they've actually accomplished over the two months, and where they are now.  The top four make a presentation at the Finals, and the top three get awards.  

    Now in its 3rd year, we've had very positive feedback about the competition.  Mostly it affirms the comments being expressed here namely, more emphasis on DOING IT, and less on the creation of a plan.  

    {:=>)  Benyamin 
     


    --
    Benyamin B. Lichtenstein
    Associate Professor of Entrepreneurship and Management.
    College of Management,  U-Mass Boston, MA 02125
    617-923-3092 = home office
    617-287-7887 = University office (UMB)

    Acting Director: Entrepreneurship Center  http://www.umb.edu/entrepreneurship_center
    Research Fellow: Center for Sustainable Enterprise  http://www.management.umb.edu/serc/index.php
    my UMB Faculty website: http://www.management.umb.edu/faculty/lichtenstein_benyamin.php
    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!






    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 12.  Entrepreneurship Business Plan Competition

    Posted 03-08-2013 21:49

    To add to the point on democratizing entrepreneurship, we have found a lot value in student-run (but faculty-supervised) venture acceleration. Three years ago, we did away with our business plan competition (60K at one point) and replaced it with a student-run interdisciplinary venture accelerator http://www.neu.edu/idea/ . The objective was to "float as many boats as possible" rather than pick winners in the competition (for the Blank-related reasons mentioned earlier). The accelerator uses a mix of student-coaches and industry mentors to support student ventures (currently 110 in the pipeline after 3yrs) through an adapted lean start-up process till they raise significant external funding (6 last year). This year, it plans to disburse about $250K in $10K grants, with a long list of donated services, to student ventures that can articulate a reasonable milestone.

     

    On the back end of this is a very vibrant student club http://www.neu.edu/entrepreneurs/ that is able to attract about 300 students per week to various programs; some of which provide lean templates and small amounts of resources for teams to experiment with ideas and business models, preparing them for the acceleration program.  Student-run + Lean means student ownership of the process as well as successes and failures. For faculty, student-run especially means having the stomach for experimentation and always being ready to do some fire-fighting, but it's working so far.

     

     

    Gordon K. Adomdza, PhD

    Entrepreneurship and Innovation Group

    D'Amore-McKim School of Business

    218C Hayden Hall, Northeastern University
    360 Huntington Ave, Boston, MA, 02115

     

    Tel: 617 373 6028

    Faculty Advisor, Entrepreneurs Club: www.neu.edu/entrepreneurs/

     

    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU] On Behalf Of Norris Krueger
    Sent: Friday, March 08, 2013 1:13 PM
    To: ENTREP@AOMLISTS.PACE.EDU
    Subject: Re: [ENTREP] Entrepreneurship Business Plan Competition

     

    Love it, Benyamin - in biz model contests, the metric is how much they've learned (not how many experiments/iterations but how well they've done it... it also lets you give high marks to "no go" decisions.)

     

    @Alex - let me pose a counterargument: Are they learning to think and act like *entrepreneurs*? Those are all important life skills that entrepreneurs need but are we really moving the needle in terms of a very deep mindset? Or are we attracting those who already have it? (Or those who want to win contests?) My concern is always - are we getting to enough of the potential entrepreneurs out there, or just the self-selected few? (That is a strategic choice for us, of course, but seeing people go through, say, a Startup Weekend and go from decidedly NOT seeing themselves as an entrepreneur to seeing that this IS for them... is mind-blowing. The lean/biz model movement is growing because it actually works for a broad cross-section of learners. Rise and Blank like to say that they are proudest of the fact that lean is democratizing entrepreneurship. 

     

    Strategically - What are our metrics? Are they getting better at time management? Or are they getting better at deep counterfactual thinking? If we have to choose...  And I think we do, at least in the short-run. You can't go halfway on "customer development" and "getting out of the building" - the experience of Stanford/Berkeley/Columbia/et al. is that you have to go all in. 

     

    Too many of our colleagues simply hand their students Osterwalder's canvas and say "have at it". Yikes! If you don't have the entrepreneurial mindset yourself (which is sadly true among too many of our colleagues - the people responding here are not the average entrep prof) maybe you should stick with biz plans OR seize the opportunity to immerse the students (and yourself) in your entrepreneurial community.

     

     

    @Benyamin - Helge Loebler in Leipzig has been on the experiential bandwagon forever - he has a great line about how MBA programs would teach piano. They'd listen to great pianists, they'd study theory (maybe even the physics of how a piano works) then expect the students to go play... well. :) 

     

    p.s. I am loving that we actually have a discussion going on this sleepy listserv! But I'm shutting up now - what do the rest of you have to stir into this?


     

    Norris

     "How can I help you to grow entrepreneurs?" 

    Norris Krueger, Ph.D.

    Entrepreneurship Northwest
         208.440.3747

     

     

    On Fri, Mar 8, 2013 at 10:01 AM, Benyamin Lichtenstein <benyamin.bml@gmail.com> wrote:

    Hello all,

    To push the boundary further perhaps, we have initiated a Venture Launch Competition at U-Mass Boston.  In this model student founders are judged solely on the PROGRESS they make on their venture, over a 2-month period.  

     

    We start with an application (happy to forward to any who are interested) that has them describe the current state of their venture, and choose several metrics that would demonstrate progress as they see it.  We provide mentors for the teams (members of our Alumni Board), and offer whatever support we can.  Then, a group of us (Center Director, Chair of the Board, etc.) assess their follow-up report, which has them identify what they've actually accomplished over the two months, and where they are now.  The top four make a presentation at the Finals, and the top three get awards.  

     

    Now in its 3rd year, we've had very positive feedback about the competition.  Mostly it affirms the comments being expressed here namely, more emphasis on DOING IT, and less on the creation of a plan.  

     

    {:=>)  Benyamin 

     

     

     

    --

    Benyamin B. Lichtenstein
    Associate Professor of Entrepreneurship and Management.
    College of Management,  U-Mass Boston, MA 02125
    617-923-3092 = home office
    617-287-7887 = University office (UMB)

    Acting Director: Entrepreneurship Center  http://www.umb.edu/entrepreneurship_center
    Research Fellow: Center for Sustainable Enterprise  http://www.management.umb.edu/serc/index.php
    my UMB Faculty website: http://www.management.umb.edu/faculty/lichtenstein_benyamin.php

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!

     

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu. Ventures HO!


  • 13.  Entrepreneurship Business Plan Competition

    Posted 03-10-2013 08:43
    Hi everyone,

    Building on the refreshing conversation around business plan and business model competitions, and lean startup activities, I'm interested in some of the methods alluded to here to support learning through practice - both curricular, co-curricular and non-curricular. Can anyone provide links to further information on some of these methods and processes - particularly around learning activities (not just the programs themselves)? I'm familiar with Osterwalder's canvas, but some of the other ideas raised here may not yet have taken the journey 'across the pond' - or perhaps they're proprietary and not possible to share?

    There's a very active enterprise education community in the UK (as well as Europe as a whole) which draws together a broad spectrum of entrepreneurship learning tools and techniques. While we (obviously) don't appear on US entrepreneurship education league tables, at the University of Leeds, we've been taking a holistic approach, (similar to Entrepreneurship@Cornell) providing opportunities at all levels of study to students across the university, both in start-up, social enterprise and enterprising employees (intrapreneurs) - in a distributed system which draws together student associations, alumni, graduate business mentors and more. We're the headline profile on the Enterprise Educators UK site this month: http://www.enterprise.ac.uk/index.php/members/item/97-university-of-leeds

    ...and we've just launched our new cross-university Student Enterprise profile: (with case studies) http://www.leeds.ac.uk/homepage/409/enterprise

    Look forward to learning and sharing,

    Richard
    (Twitter: @rtunstall)
    ___________________
    Dr Richard Tunstall

    Lecturer in Enterprise
    Co-Editor, International Journal of Entrepreneurial Behaviour and Research
    Trustee, Institute of Small Business and Entrepreneurship

    Leeds Enterprise Centre
    University of Leeds
    Leeds. UK. LS2 9JT


    On 8 Mar 2013, at 16:13, Alex DeNoble wrote:

    At SDSU, we have run the Venture Challenge Business Plan Competition for 23 years. I have found it to be an extremely valuable experience for students who have participated over the years. Given the proliferation of business plan competitions throughout the country and now the world, students have a chance to refine their ideas, match wits with experienced investors, entrepreneurs and service providers, and build their professional networks. I can point to numerous startups and companies that have evolved through these types of venues.

    Having said that, I believe that these competitions have evolved over the years. Whether you call them business model competitions or business plan competitions is secondary to the overall objectives of these events. The networking, the interchanges and the road show type of experiences that students garner through participation cannot be obtained in the classroom.

    At San Diego State University, we are experimenting with a new format this year. Next week we will be hosting our first ever "Lean Model" tm Competition. We are not requiring participants to submit a business plan document. Instead, the 16 teams have submitted multi-media presentations of product ideas and business models they are working on. They will be judged on their customer development and business model iteration activities. We have drawn inspiration for this new design of our competition from the work Nathan Furr is doing at BYU. Of course, we have put our own twists and our own stamp on this new event. For more information on the Lean Model Competition at SDSU please see http://lavincenter.sdsu.edu/programs/Lean_Model/.

    Follow me on Twitter @AlexDeNoble1 for accounts of this 2-day event next Thursday and Friday March 14 - 15.

    Alex

    On Fri, Mar 8, 2013 at 5:58 AM, Winkel, Doan <dwinkel@ilstu.edu<mailto:dwinkel@ilstu.edu>> wrote:
    Love advice from both Norris and Melissa. I struggle seeing the value of these competitions/exercises for most students. Not that it isn't there, but what I see as more valuable is business modeling. It's a more action-oriented approach, something students can more easily grasp. But I can't echo enough the time and energy it takes to mentor, to research, to develop a good event and good connections to help you pull off the event. We are putting on a business model competition through USASBE (see www.usasbelaunch.com<http://www.usasbelaunch.com/>) that your students will be able to enter. That might be a good experience from outside while you're researching. Take your time and do it right. The lean approach is the way to go - students enjoy it, they can get it, they see things happen/results.


    Dr. Doan Winkel
    Assistant Professor of Entrepreneurship
    Illinois State University
    Campus Mailbox 5580
    Normal, IL 61790
    (309) 438-2736<tel:%28309%29%20438-2736>
    www.doanwinkel.com<http://www.doanwinkel.com/>
    LinkedIn: linkd.in/MPkBDA<http://linkd.in/MPkBDA>
    Twitter: @Trep_Ed
    ________________________________________
    From: Entrepreneurship Division Listserv [ENTREP@AOMLISTS.PACE.EDU<mailto:ENTREP@AOMLISTS.PACE.EDU>] on behalf of Melissa Baucus [melissa.baucus@OTAGO.AC.NZ<mailto:melissa.baucus@OTAGO.AC.NZ>]
    Sent: Thursday, March 07, 2013 10:41 PM
    To: ENTREP@AOMLISTS.PACE.EDU<mailto:ENTREP@AOMLISTS.PACE.EDU>
    Subject: Re: Entrepreneurship Business Plan Competition

    If you want to learn from one of the best at leading ENT students through business plan/model competitions, you should talk with and possibly observe Van Clouse at University of Louisville. His teams consistently win or place very well in competitions. See the following list: http://business.louisville.edu/business-competitions/

    One of the things you'll learn is that it takes a lot of mentoring and a huge amount of time to succeed at a high level. I would agree with Norris's advice not to do it with the caveat that I'm assuming your school wants you to do some research. You will likely have little time for research.

    On the positive side, the business plan competitions have a profound positive impact on students. They end up with more confidence, able to present (sell) themselves and their ideas, and they appear more resourceful and proactive in identifying and solving problems.

    Good luck!
    Melissa

    -----Original Message-----
    From: Entrepreneurship Division Listserv [mailto:ENTREP@AOMLISTS.PACE.EDU<mailto:ENTREP@AOMLISTS.PACE.EDU>] On Behalf Of Norris Krueger
    Sent: Friday, 8 March 2013 1:59 p.m.
    To: ENTREP@AOMLISTS.PACE.EDU<mailto:ENTREP@AOMLISTS.PACE.EDU>
    Subject: Re: [ENTREP] Entrepreneurship Business Plan Competition

    Normally, I would plead with you "Don't Do It!" :) The typical biz plan contest adds about as much to students' entrepreneurial mindset as teaching them about biz plans... Very little and may even do harm.
    Unless you really know what you're doing.
    BUT....
    Sean is right to contact Kauffman. The person to contact is Katie Peterson who manages a terrific platform for this sort of thing called iStart (www.iStart.org<http://www.iStart.org/>, I think): A great platform makes a big, big difference. (And not a fruitful area for DIY.)

    I would also urge you to look at all the lean startup tools out there.
    Spend several months getting really up to speed. Participate in a Startup Weekend or Lean Startup Machine.

    Following Steve Blank's Lean LaunchPad course (available free on
    Udacity) is not for amateurs either, but it's well worth the investment. The "Startup Owners Manual" (Blank & Dorf 2012) is designed to be a text for all this. The book is cheap and students will keep it. Also, there are a few lean fanatics, er, fans on this listserv who'd be happy to help. (Doan, you lurking out there?)

    However, you can profitably look at doing a business *model* contest.
    Nathan Furr at BYU is probably the most experienced here and I recommend his book, "Nail It, Then Scale It."

    p.s. Sean, don't you have a new book that might also be helpful?

    Norris

    On 3/7/13, Sean Wise <sean.wise@ryerson.ca<mailto:sean.wise@ryerson.ca>> wrote:
    > you may wish to ping the Kauffman Foundation.
    > They have concept papers, rules, on line voting tools, etc.
    >
    > most is free!
    >
    > ----------------------------------------------------------
    > Dr. Sean Wise, BA LLB MBA PhD
    > Asst. Professor, Entrepreneurship and Strategy Department, Ted Rogers
    > School of Management, Ryerson University
    > ----------------------------------------------------------
    > Director, Dobson Micro-Financing Seed Venture Fund Chair, Ryerson
    > Angel Network Chair, $25,000 Slaight Business Plan Competition Member,
    > Digital Media Zone, Steering Committee
    > ----------------------------------------------------------
    > sean.wise@ryerson.ca<mailto:sean.wise@ryerson.ca> | (416) 995 9017<tel:%28416%29%20995%209017> | www.nakedentrepreneur.tv<http://www.nakedentrepreneur.tv/>
    >
    > ----- Original Message -----
    > From: Vishal K Gupta <vgupta@BINGHAMTON.EDU<mailto:vgupta@BINGHAMTON.EDU>>
    > Date: Thursday, March 7, 2013 11:20 am
    > Subject: [ENTREP] Entrepreneurship Business Plan Competition
    > To: ENTREP@AOMLISTS.PACE.EDU<mailto:ENTREP@AOMLISTS.PACE.EDU>
    >
    >
    >> Dear All,
    >>
    >>
    >>
    >> We are considering starting a business plan competition here. The
    >> idea is that students will present new venture ideas to a panel of
    >> local judges who will decide who gets the funding necessary to start
    >> the business. We have been asked to put together a concept paper for
    >> the competition which can be circulated to the different
    >> stakeholders to get buy-in from them. Does anyone have any examples
    >> of such a concept paper? We can use what you have already developed
    >> as a basis for our concept paper, rather than starting from scratch.
    >>
    >>
    >>
    >> Thanks for your help,
    >>
    >>
    >>
    >> Vishal Gupta
    >>
    >>
    >>
    >>
    >> *********************************************************************
    >> ********************
    >>
    >> Vishal Gupta, PhD.
    >>
    >> Assistant Professor of Strategy,
    >>
    >> School of Management,
    >>
    >> State University of New York- Binghamton,
    >>
    >> Vestal, NY 13902 (USA).
    >>
    >> Phone: 607-777-6853<tel:607-777-6853>
    >>
    >> www.professorvishalgupta.com<http://www.professorvishalgupta.com/>
    >>
    >> www.linkedin.com/in/vishalkgupta/<http://www.linkedin.com/in/vishalkgupta/>
    >>
    >>
    >> *********************************************************************
    >> *********************
    >>
    >> **************************************
    >> This message is from ENTREP which is sponsored by the
    >> Entrepreneurship Division of the Academy of Management.
    >>
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    >>
    >> If you have questions or need help, please contact Dr. John Bunch
    >> jbunch@benedictine.edu<mailto:jbunch@benedictine.edu>.
    >>
    >> Ventures HO!
    >>
    >
    > **************************************
    > This message is from ENTREP which is sponsored by the Entrepreneurship
    > Division of the Academy of Management.
    >
    > Please do not post messages with attached files. Commercial messages
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    > http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1
    >
    > If you have questions or need help, please contact Dr. John Bunch
    > jbunch@benedictine.edu<mailto:jbunch@benedictine.edu>.
    >
    > Ventures HO!
    >


    --

    Norris
    *
    *
    * "How can I help you to grow entrepreneurs?" * Norris Krueger, Ph.D.
    Entrepreneurship Northwest
    208.440.3747<tel:208.440.3747>
    www.about.me/norriskrueger<http://www.about.me/norriskrueger>

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    Ventures HO!

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    Ventures HO!

    ************************************** This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management. Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list. You can manage your subscription options, including joining or leaving the list here: http://aomlists.pace.edu/scripts/wa.exe?SUBED1=entrep&A=1 If you have questions or need help, please contact Dr. John Bunch jbunch@benedictine.edu<mailto:jbunch@benedictine.edu>. Ventures HO!

    **************************************
    This message is from ENTREP which is sponsored by the Entrepreneurship Division of the Academy of Management.

    Please do not post messages with attached files. Commercial messages or spammed messages are not allowed on the list. The use of auto-responder "out-of-office" messages may also lead to your removal from the list.

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