As the fall semester winds down, there has been a flurry of activity for me on the entrepreneurial front. As my course, New Venture Creation, came to a close, we held an in class business plan competition. Our 8 teams (5 members each) wrote business plans, and over the final two sessions presented 15-20 minutes pitches.
A variety of ideas were represented: from a premium day-care center offering unique, enriching after class programs (Tae Kwon Do / Piano Lessons / Languages) to an enhancement beverage startup targeting students, there were some great plans and strong pitches.
Two of the top teams were offered a spot in George Mason Universities School of Management’s 3rd Annual Dean’s Business Plan Competition on Friday December 11. In this competition, teams from various school’s and classes, compete for best business plan and best sustainable business idea.
The two teams representing my class did very well — earning 1st place, 3rd place, and the sustainability prize (the 1st place team). The top prize/sustainability prize winner was Breathe, the aforementioned enhancement beverage firm, and Rent-83, a graphing calculator rental startup targeting college students.
Finally, yesterday, I attended a great planning session for the Young Entrepreneur’s Academy that GMU holds each February. The academy is offered to aspiring entrepreneurs at GMU, other local colleges and schools, and local high schools. Practical learnings and creative exercises are offered throughout the program and there are opportunities to network and ask specific questions about an idea or a startup.
It is exciting to be a small part of a growing, aggressive community of entrepreneurs and entrepreneurship educators.