I have spent the last few hours reading some amazing business plans. The would-be entrepreneurs who submitted the plans are not currently looking for investors or loans. These are student plans, written by High School students ( juniors and seniors) as part of the Hamilton County Business Alliance Entrepreneurship Education Program.
This is the 3rd year I have been involved in the competition and it is always a treat. Some of plans are well written and well researched, but aren’t viable businessess. Others contain a great idea, hidden in a poorly written plan.
And every year, there is at least one, which makes me stop and think someday, I am going to say I knew him/her when. This year my favorite plan is Island Ice Cream. Simple in concept, easy to execute the business may never be huge, but it will easily be profitable, and if he chooses, a great way to fund his education.
The writer does not have huge plans for this business, but he has a well thought out model which will create a business on a scale he can manage. I know a number of adults who could take lessons from him.
The oral part of the competion is Saturday, January 10th. And can’t wait see if he is as good selling his ideas in person, as he is on paper. Do bankers or VC’s get this excited when the read a really good plan? I hope so! Our economy needs the plans and people who will be excited to seem them succeed.