2016 Be Your Own Boss Bowl

• Business planning competition for aspiring and early-stage entrepreneurs from Temple University

• 18th annual competition• Managed by the Innovation and

Entrepreneurship Institute – a top 15 nationally ranked program

• One of the richest-prize competitions in the country

BYOBB Objectives

•Launch companies•Learn new skills•Create economic impact

BYOBB at a glance• Many prizes - 13 in total!• Tied to requirements of accelerators, investors

• Shorter business plan format• Pitch deck required• Two minute video optional• Business Model Canvas optional

• Follow-through (Accelerator)• It’s all online• Need to use Lean Startup concepts

• Summer Accelerator program• Legal, accounting, marketing services• Temple PR

Prizes and RecognitionTOTAL PRIZES OVER $200,000

BYOBB Important Dates• Nov 23rd – Start Signing up for Mentors

• Jan 21st, Info Session, 4 – 5pm

• Jan 25th, Info Session (Webinar), 12 – 1pm

• Feb 5th, Deadline to Sign Up for Mentor

• March 10th, On-demand Mentoring, 4 – 5:30pm

• March 14th, On-demand Mentoring, 12 – 1:30pm

• March 16th – Plans Due

• April 7th – Finalists Announced

• April 14th – Pitchdeck coaching sessions for Finalists

• April 21st – Final Presentations and Awards Ceremony

Who is Eligible?

• Leader of the team must have a Temple University affiliation

• All Temple University students, alumni, staff & faculty • New business or an existing business (less than two

years) that has not yet raised more than $50k from external sources.

• Cross-discipline teams are encouraged

Tracks• Compete in three tracks

- Undergraduate Students

- Graduate Students/Staff/Faculty/Alumni

- Social Impact

• Any team not comprised of solely undergraduate students must compete in Graduate Student/Staff/Faculty/Alum track

• Social entrepreneurship businesses are encouraged to participate

Social Impact• The Social Impact track is for new ventures

whose primary focus is to create social value.

• Unlike a traditional business venture with their focus on profits, social ventures pursue the double bottom line of social impact and financial sustainability.

• For purposes of the BYOBB, a company whose primary motive is financial, but which donates a relatively small amount of money or time to social causes does not qualify as a social impact firm.

Social ImpactEntries in the Social Venture Track of the BYOBB must:

• Incorporate a measurable social and/or environmental bottom line into its mission and practices, and

• Plan to attain financial self-sufficiency primarily through earned revenues

There’s Help Available

Blackstone

Launchpad

Submit Opportunity

Description

Assigned a

Mentor

Submit Plan

Winners Participate in

Accelerator

Virtuous Cycle

Senior Executive Mentor ProgramUpon completion of a one-page “opportunity description”, participants will receive a business plan guidebook and a Senior executive mentor.

• One-on-one mentoring program with mentors from the Greater Philadelphia Senior Executive Group & other orgs

• Two-way project-based mentoring program• Mentors may not do any primary work or write plans

- Mentors provide feedback, advice and counsel

• Protégé or mentee:- Drives the plan forward & is the responsible party

- Communicates regularly with their mentor

- Is respectful of mentor’s time and other commitments

- Sticks to agreed upon schedule and due dates

Opportunity Description

One-page document answering:• What problem are you solving and why is it

awesome?• What is your product/service?• Who is on your management team?• Who are your competitors and why are you better?• What type of help could you use from a mentor?

(You can use your Idea Competition Submission)

What Do You Need to Enter?

• Business Plan – 10 pages max• Business Model canvas – optional• Pitch Deck• Two-minute video presentation -

optional• Financials

Sections of the Business Plan• Elevator Pitch

• Opportunity

• Product/Service

• Management Team

• Market Opportunity

• Competitive Landscape

• Execution Plan

• Road Map

Financial Section

• Financials• Revenue Model/Financial Assumptions• Financial Projections – 3 years (attachment)

Judging Criteria• Must represent realistic and marketable ideas.

• Evidence of testing assumptions

• A well-organized, well-written, sophisticated plan that makes a compelling business case

• Evidence of thorough research regarding market, industry and competition

• Sound strategy and revenue model; plan is executable• Attainable financials that are grounded in sound assumptions• Consistency throughout plan • Quality of Presentation (Finalists only)

Business Plan – Do’s and Don’ts

• DO comply with the 10-page limit

• DO use the template available on the IEI website, www.fox.temple.edu/iei

• DO your homework – research!

• DO use spell check and a professional writing style

• DO submit a plan that’s clear, concise, compelling and complete

• DO proofread your document prior to submitting

• DON’T skip sections

• DON’T turn your plan in after 3/16 @ midnight

Start Early!

• Plans are due in about 3 ½ months– start now!• Break it down into “chunks” and stick to a

schedule • Allow time for re-writes, more research, exams,

glitches at work, etc.• Take advantage of winter break

Past BYOBB Winners• 2009 – Pit Bull Development (Alum, School of

Tourism and Hospitality Management)

• 2010 – Next Engineering (Undergraduates, College of Engineering)

• 2011 – pureNANO (Graduate Student, Fox School of Business)

• 2012 – PHmHealth (Alum, Fox School of Business)

• 2013 – Neighborhood Foods (Alum, Fox School of Business

• 2014 – Guiding Technologies (Professor, College of Science and Technology

• 2015 – Rates for Us (Alum, Fox School of Business)

’15 Spring Business Planning Workshops

4:30 to 5:30 p.m. 503D Alter Hall

Date Topic

Jan 27 Assessing Ideas

Jan 28

Feb 3 Creating Winning Business Models

Feb 10 Market Segments and Value Propositions

Feb 18 Cash Flow, Profits and Financials

Feb 19 Competitive Analysis

Feb 24 Pitch Decks (May be repeated)

Additional Temple Resources

• Executives/Entrepreneurs in Residence:• Temple business librarians @ Paley Library• Legal clinic at the Temple SBDC• Business Communication Center (Fox Students)• Writing Center• Business Plan classes• IEI Staff (by apt) and IEI Resource Center• IEI mentor/subject matter expertise network• Online articles @ www.fox.temple.edu/iei

Be Bold

Be Resourceful

Be Innovative

Be Your Own Boss#BYOBB2016