Wednesday, February 24, 2010
Can you believe it? Seattle University is celebrating its 12th annual Business Plan Competition which is designed to help students and alumni in launching new business ventures and prepare students for opportunities in entrepreneurship in their future careers. The SU Business Plan Competition is committed to provide participating students with an integrative and exceptional learning experience.
I had an opportunity to interview Emily Marshall, who was the final winner of SU Business Plan Competition last year. She told me that participating and winning the business plan competition was absolutely the highlight of her SU MBA experience.
Below is the reflection of Emily Marshall on the SU Business Plan Competition.
“Since I found out about it, I’ve been interested in participating in the Seattle University Business Plan Competition. I heard it was a great opportunity to really learn how to start my own business because of all the support provided by the SU Entrepreneurship Center. Honestly I didn’t think I was going to compete last year because I didn’t have a “brilliant idea” for a new business. However I told the head of the Entrepreneurship Center Steve Brilling that I was interested in competing and he hooked me up with SU alum Josh Marti and his company Point Inside.
I learned so much!!! I learned how to write a business plan, how to hone the company message, how to explain a complicated technology using simple language, how to create financials, how to do a business valuation, how startup funding works (with Angels and Venture Capitalists), what investors are looking for and how to do an investor pitch.
Participating and winning the business plan competition was absolutely the highlight of my SU MBA experience. I got to put into practice everything I’ve learned and learn by doing. We were given expert mentors, were coached by real investors and presented our pitch to dozens of local investors. Following the competition our company raised over a half million dollars (even in this economy!!) and I know that the Business Plan Competition helped give us the confidence, the contacts and the right pitch. I also got a job out of the deal! Today I am the Technical Business Development Manager for PointInside.”
Don’t hide your great ideas and talents. Instead, you should use it and develop it by joining the SU Business Plan Competition.
Written by Derek Zhao, Email: firstname.lastname@example.org
Ideas from Emily Marshall, SU MBA 2010, Final Winner of SU Business Plan Competition 2009