The Washburn University Business Plan Competition prepares students to start a new business by developing a thorough written business plan for a new product or service. A business plan is an important step towards starting a new venture, as it allows entrepreneurs to analyze how their company will operate and brings together many areas of the business environment.
By participating in the competition, students will gain experience through:
- Identifying business opportunities, developing a business model, and writing a formal business plan
- Performing market research and feasibility analysis using primary and/or secondary data
- Developing communication and organizational skills
- Working individually or as part of a team