BUSINESS FINANCIAL PLAN
Category: Prejudged Reports & Presentation
Type: Individual, Team
Overview: Two (2) parts: a prejudged report and a presentation. Competitors must complete both parts for award eligibility. Establish and develope a com;lete inancial plan for a business venture by writing a report on the topic below. A one-page description of the plan should be the firs tpage of the report (not included in page count).
Topic: Create a Business Financial Plan for a local rental business that will also do business online. The business should be specifically targeted for your community. The Business Financial Plan should include a name for the business, what items you will be renting, plans for needed construction and/or renovation to the building, equipment to be purchased, inventory for your launch date, hours of operation, staffing requirements, information on developing your e-business website, a promotional plan, and a social media plan.
Skills: Business financial planning is paramount to the success of any business enterprise. This event is designed to recognize FBLA members who possess the knowledge and skills needed to establish and develop a complete financial plan for a business venture.
Eligibility: No more than one (1) team member may have competed in this event at a prior NLC or have competed more than two (2) years at the national level. A participant may compete as an individual their first year. If competing a second year, the participant must be part of a team.
State: Each local chapter may submit one (1) entry.
National: The top four (4) places at the state competition will represent California at the National Leadership Conference. NOTE: Some SLC top-10 competitors will become eligible for the national conference as a result of drops. Make sure you get early approval from your parents to attend the National Conference so you will be in a position to say "yes" to your adviser if you are "bumped up".
Event Specific Guidelines:
- Establish and develop a complete financial plan for a business venture by writing a report on the topic above.
- A one-page description of the plan should be the first page of the report (not included in page count).
Finalists: The top five (5) or eight (8) competitors with the highest prejudged score will compete in the presentation portion of the event. Number of finalists will be determined by December 31.
Equipment Setup: 5 min
Performance: 7 min
Warning: 6 min
Time Up: 7 min
Penalty Over Time: 5 pts
Q & A: 3 min
Submission: Project must be submitted online as a PDF. See Competitive Events Overview for submission forms. Report Verification is included on Submission Form. File size limited to 20 MB. Files should be compressed,if necessary.
Submission Deadline: Project must be submitted by 11:59 pm PST February 28. Conference registration is required for work to be judged. Missing the deadline or failure to register for the conference will forfeit competitor participation. Hint: Allow for plenty of time to upload your work.
JUDGING: Judges will use the rating sheets (prejudged or presentation) to score competitors. The panel of judges evaluating prejudged materials may not necessarily be the same panel evaluating the presentations. All decisions of the judges are final.
Rating Sheets (performance shown first)
GUIDELINES (It is highly recommended that competitors read all guidelines)
General Report Guidelines
General (All Events)
General Competition Tips
Format GuideFormat Guide PDF
Previous Winners2016 Business Financial Plan, 2nd Place
- Economics & Personal Finance
- Business Management & Administration
- Human Services