CATEGORY DESCRIPTIONS
ACT-SO Business
ENTREPRENEURSHIP



  Refers to owning, organizing, and managing your own business by providing

  a necessary product or service.
ACT-SO Business
ENTREPRENEURSHIP
REQUIREMENTS:

1. Only one (1) business plan may be submitted per student.

2. Six copies of a typed 8-1/2-inch double spaced business plan must accompany the project.

    The business plan which should be a minimum of 10 pages, and not exceed 20 pages, 

    should include a cover page, executive summary, company description, a marketing

    plan, a management plan and a financial plan, in addition to any supporting documents

    (i.e. graphs, photographs, statistical data). The student's name, page number and

    branch must be at the top of each page. The six (6) copies of the paper must be

    submitted on or before the deadline.

3. The contestant is required to make an oral presentation, not to exceed five (5) minutes

    explaining his/her business plan.

4. A visual presentation in the form of a display, slide show, overhead or PowerPoint

    presentation should be provided.

5. Contestants should be familiar with business terminology, in general, and about

    terminology related to their selected product/service.

6. Contestants are required to have personally conducted the business plan analysis and

    have been involved with the production of any prototype product or service trials.

7. The NAACP ACT-SO Program will provide electrical power, LCD projector, and an

    overhead projector.



Entrepreneurship Projects Will Be Judged By The Following Criteria: 



       I.  Written Business Plan

         

           a. Marketing Strategy

           b. Management Plan/Personnel Profiles

           c. Financial Plan

           d. Market Research & Analysis

           e. Government Requirements

           f. Product/Service Knowledge

           g. Customer Service Plan

           h. Creativity/ Originality



     II. Oral Presentation



          a. Comfort Level of Product/Service Knowledge

          b. Social Responsibility/Contribution to the Community

          c. Presentation Style



    III. Visual Presentation
      

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