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Rivalry in Business Plan Competition

Rivalry Heats Up in the Annual CoB Business Plan Competition

While most JMU students are gearing up for Spring Break, a select group of CoB students spent their time concentrating on perfecting business plan presentations. Writing a business plan is a regular assignment for CoB 300 students, and students during the spring, summer and fall semesters submitted business plans as part of the CoB 300 curriculum. Each plan was ranked and scored by a panel of judges, and six out of 134 teams were chosen to participate in this year’s competition. Traditionally, only five teams are chosen to compete, however this year the judges were unable to narrow the field down to just five, so six teams were chosen.

The competition will be held Saturday, April 9th. Each team will have 15 minutes to present their plan to the panel of judges. There will then be a 15 minute question and answer period where the judges will ask about specific components of the plan. To add to the teams’ stress, family and friends are invited to watch the competition, and a documentary of the competition will be filmed. However, the potential rewards are well worth the stress and hard work. The team awards range from $250.00 in scholarship money for sixth place to $3,500 in scholarship money for first place. There are also two MVP awards worth $1500 each in scholarship money. These awards recognize outstanding individuals, and are determined by not only the judges but also the team members as well. Funding to support the Business Plan Competition is generously provided by the College of Business Executive Advisory Council, as well as alumni and friends. A new award is being introduced this year also. The “Accenture Team Innovation Award,” worth $1,000.00 in scholarship money will be given to the team with the most innovative ideas or presentation.

The CoB proudly announces that the following teams competing in the 2005 Business Plan Competition:

DreamWeaver Home Theaters

Sean Connaghan, Erik Linnekin, Danny Moore, Brett Phelps, and Stacy Seppy

DreamWeaver Home Theaters proposes to build and install home theaters and provide exceptional service to its customers by combining knowledge of the leading edge technology in home theaters with installation and product knowledge.

Homeband Securities

Todd Badolato, Alex Black, Matt Cuba, Kristen Harrison, and Ashlyn McKeithan

Homeband Securities produces keyless entry devices to unlock homes and offices while also deactivating security and alarm systems

UtiliTech

Peter Ceccacci, Danielle Christensen, Jake Kinney, Kim Tasner, and Ashley Westin

A device called the Energy Savings System (ESS) is installed and is wired to customers’ gas and electric meters. The ESS will monitor and optimize energy consumption and control their heating and cooling costs. For a small fee, the company can also automatically optimize a customer’s heating and cooling costs.

Lucy Glass

Ashley Burton, Andrew Dill, Aran Gallagher, Jennie Johnson, Shaun Nicholson, and Melinda Rawlins

Lucy Glass provides the installation and service of a new glass technology called Polyvision which allows customers to choose whether the glass will appear clear or opaque.

Aerial Experience

Ryan Campbell, Sky Klein, Catherine Runion, and Christopher Sampson

Aerial Experience is an aerial sightseeing company that will offer general sightseeing over the Shenandoah Valley, and specialized tours. The tours will also offer aerial photography.

Keep-Safe Storage

Joanna Aslin, Travis Garlock, Sanja Kraljevic, Ashley Sager, Concetta Tkacz, and Josh Vaughan

Keep-Safe Storage is an up-scale, self-storage facility featuring indoor, climate controlled storage units, wine and RV storage, focusing on the retirement community of Sun City, Arizona.

Please come out on April 9th to watch these teams compete and to cheer them on. The fun starts at 12:00pm in ZSH Room 105.