A-Z Index Admission Bookstores Careers @ SMU Commencement Ceremonies Degrees & Programs Faculty/Staff Directory Giving Opportunities Institutes & Affiliates Library - Twin Cities Library - Winona News & Communication Offices & Services Performing & Fine Arts President's Office Student Services - Twin Cities Transcripts Military & Veterans Services Writing Center - Twin Cities
Inside Pages WebTools WebMail Blackboard IT Helpdesk
Kabara1
Kabara2
Kabara3
Kabara4
kabara5
Kabara6
Kabara7
Kabara8

Business Plan Competition

For current Saint Mary's students

The Kabara Institute aims to incite a passion for entrepreneurial spirit in students across the university, regardless of their major field of study, to enhance the entrepreneurship program offerings at Saint Mary’s University by providing opportunities for students to interact with entrepreneurs and experience entrepreneurship first-hand, and to foster a greater understanding and appreciation of the importance of entrepreneurs and entrepreneurship in our society.

The Saint Mary's University Business Department and the Kabara Institute for Entrepreneurial Studies periodically sponsor business plan competitions to engage and reward business-minded students at Saint Mary's.

Participants:

  • Must be full-time undergraduate students on the SMU Winona campus
  • May participate as an individual or as a team of two students
  • All majors are encourage to take part

The Business Plan:

  • Develop a business plan for a business that YOU would like to start. 
  • The business does not need to be an on-campus business.
  • The projected start-up costs and initial capital required may not exceed $10,000.

Contents of the plan:

  • a one-page executive summary
  • a concept statement
  • anticipated startup costs 
  • a preliminary marketing plan
  • potential suppliers and/or manufacturing processes (as applicable)
  • a discussion of operating considerations (staffing, operating hours, etc.)
  • pro-forma financial statements for the first year of operation
  • references for the data sources used in the plan
  • contact information for each of the individuals submitting the proposal

Criteria for judging the plans:

  • feasibility of the proposed project
  • creativity
  • comprehensiveness of the business plan
  • reasonableness of the assumptions used to create the plan

Prizes:
$1,500 in prizes

Questions:
Wondering when the next Business Plan Competition is happening? Contact Professor Teresa Speck at tspeck@smumn.edu or (507) 457-1449.