Shark Tank with a Twist
The Green Bay Southwest DECA chapter and entrepreneurship class are hosting a business plan competition that is similar to ABC’s hit television show "Shark Tank", with an interesting philanthropic twist. Students will prepare a two-minute sales pitch about the proposed business that will include product information, a final prototype, cost analysis, sales locations, and promotional plan. The overall business plan winner will walk away with $500 and an internship with the shark (local business owner) of his/her choice.
In staying true to the Shark Tank model, the students and sharks will be haggling for percentages, but with a twist. The student entrepreneurs will not be giving up a portion of the company in exchange for start up funds; instead, they will be offering philanthropic good deeds to the community in exchange for cash. An example would be "I will provide a 15% discount of my product to all women during October's Breast Cancer Research month in exchange for a $100 donation from the sharks". The negotiations then move from the business plan concept to using the business operations to give back to the community. The interesting additional twist is that the sharks are obtaining "tank money" from local business sponsorships so that they can have a large pot of money to negotiate with during the process.
- When: 19/11/2013
- Start: 1 October 2013
- End: 19 November 2013