To be considered for a prize, you must enter your BizPlan before midnight the day prior to the final day of the BizKamp and attend the BizPlan Competition on the final day of BizKamp.
You are eligible to win cash prizes if:
- you are between the ages of 14 and 19 at the time your register
- your BizPlan is for a business, non-profit, or invention that is legal to start, operate, produce, possess, and/or sell
- you present a 5-minute BizPoint slide presentation of your plan at the BizPlan Competition at BizKamp.
- you enter a BizPlan by yourself or as part of a team of up to three members. (Each team member must register individually. Your team should select a “captain” and enter your team’s BizPlan using the captain’s BizVenture! Series account. The captain should enter the team members’ first and last names and cities of residence in the BizPlan template fields provided.
- you or at least one of your team members live in the North Quabbin, Franklin County, or Hampshire County.
Your BizPlan will be judged within one of three (3) age categories: 13-15, 16-18, or 19-21.
A team of Judges will score your BizPlan using the values and criteria below. BizJudges are volunteers representing area businesses, schools, towns, civic and non-profit groups, and youth. Their scores will be averaged and the awards presented to contestants with the highest average scores. If there are tied scores, the Judges will decide final ranking based on a second review of contestants’ BizPoint slide presentations.
Scoring Values (maximums):
Summary (7 points max): Clearly describes their business: product and/or service, customer need, origin of idea, target market, target customer, competitive advantage.
Market (7 points max): Understands the business type they selected, their target market, target customer, customer needs, and has a realistic plan to reach, attract, and sell to customers.
Competition (7 points max): Has identified competitors and has a good grasp of their histories, locations, pricing, marketing strategies. Has described the competitive advantage of their own business.
Operations (7 points max): Has a good rationale for the legal structure they selected, meets legal requirements, has a good team (owners, personnel and advisors), and has a good operations plan that will work for their business.
Costs (7 points max): Has done a thorough job of determining the economics of their unit of sale, and their operating and start-up costs.
Financing (7 points max): Has developed a solid financing strategy and demonstrates a good understanding of how the strategy affects their ownership of and equity in their business.
Financials (7 points max): Has generated an error-free 12-month income statement and correctly calculated their business return on investment, break-even, return on sales, and payback time.
Goals (7 points max): Has specified 3 personal and 3 business goals that are measurable, including at least 1 short-term, 1 medium, 1 long-term goal.
Making a Difference (7 points max): Has demonstrated how business will positively impact employees, the community, and the environment.
Overall (7 points max): Has done a quality job with researching, conceptualizing, and writing (including clarity, spelling, grammar and punctuation) that is consistent with their age and educational level.
BizPoint (30 points max): has done a quality job summarizing their business plan using persuasive slideshow presentation (including live presentation, clarity, thoroughness, design).
Code of Ethics
We ask you to abide by the following code of ethics. Anyone found not to be honoring this code will be disqualified from the BizPlan Competition.
Employees of the Series’ presenters and their family members are ineligible to participate.
Judges may not score a BizPlan of any entrant whom they would be unable to evaluate impartially because of a family, friend, or other personal or professional relationship.
Soliciting input and advice from others is permitted, but a BizPlan and BizPoint must consist of contestants’ original work and be in their own words. Quoting, summarizing or paraphrasing the work of others is permitted but must be referenced using MLA Style endnotes: www.citationmachine.net. Plagiarism will result in elimination from the Competition.
Tampering with the Competition website or social media accounts or using other improper means to increase scores will result in elimination from the Competition.
Contestants must be respectful of other contestants, judges, program staff, and supporters in all interactions: online, in writing, or in person. Disrespectful language and behavior will not be tolerated and will result in elimination from the Competition.
Your BizPlan will be evaluated without regard to your sexual orientation, race, ethnicity, religion, sex, gender identity, age, social class, income level, political beliefs, town or area of residence, school, disability, national origin, past or current court involvement, and all other forms of bias and discrimination.
Competition staff and volunteers will endeavor to reach out to and include in the contest all eligible young people regardless of their race, gender identity, sexual orientation, race, ethnicity, religion, sex, age, social class, income level, political beliefs, town or area of residence, school, disability, national origin, past or current court involvement.
Staff and volunteers, with adequate notice, will make every reasonable accommodation to include and support the full participation of contestants with disabilities.