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Saturday, August 6, 2011

Results of Business Plan Writing Competition

I am pleased to inform the results of Business Plan submission as final requirements for the Entrepreneurship subject.

l.  For both the MM and standard program 4 have not submitted: 2 for each class.

2.  Many of the weaknesses were on completeness.  The most common areas where on Market Estimate (Opportunity Seeking, Screening and Seizing.  Not very many supported this part with numbers to arrive at a cogent sales estimate.  Many did not include some needed parts in the BP, as business model, FS, and EDS
 Others simply put the outline.  I reminded time and time again not to put just the outline.  Most treated the last part lightly:   the exit, adding, multiplying the business etc, conformance to the regulations.   These are important.

3.  I had to request one to follow the prescribed format;  I had to request another one to rewrite because what was submitted lacked substance.

4.  The best bp for standard was submitted by JB Borromeo; for MM Atty Elbert Cruz, Wylene Pacres & Co, Lester Sablay,Yash Lumbao and Annlyn Nalangan all did well.  (None got a 4 though.) None qualified for the business plan writing competition.

I suggest that you get your BP back and learn from it as you prepare for your strama.

Every generation needs a revolution - an ENTREPRENEURIAL REVOLUTION.

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