Innovation & Entrepreneurship Institute
Be Your Own Boss Bowl
Missed the info sessions? Download the Info Session Presentation Here
Overview of the BYOBB®
The 16th annual Be Your Own Boss Bowl® is a business plan competition in which matriculated students, alumni, faculty and staff from all 17 schools and colleges within Temple, as well as Temple organizations (library, tech transfer, etc. ) compete for ten prizes, including a grand prize worth over $115,000 in cash, Microsoft products and professional services. The objective of the competition is to encourage the launch and sustainability of new small businesses and scalable entrepreneurial ventures by the Temple community. Along the journey, participants will learn about all aspects of entrepreneurship, make new networking connections and learn how to write highly strategic, comprehensive business plans.
You can do it, and we can help – you do not have to be a business school student or alum to place or win in this competition. In fact, BYOBB® winners have come from the College of Engineering, College of Liberal Arts, School of Tourism and Hospitality Management, Tyler School of Art, Beasley School of Law among others. Please review this site carefully as it will provide critical dates, the business plan template, scoring sheet, rules and regs you’ll need to know in order to compete successfully.
In awarding the grand prize in the BYOBB®, judges will look for the most strategic, well thought out and comprehensive business plan. The strength of the idea or business concept itself is less important. Both “life style” businesses and true scalable entrepreneurial ventures are acceptable in the competition. Social innovation ventures (for and not-for profit) are also eligible.
Please note: All submissions are held in the strictest of confidence and remain your property.
- March 10th On Demand Mentoring Night #1 – Alter Hall 503d (5pm-7pm)
- March 17th On Demand Mentoring Night #2 – Alter Hall 503d (5pm-7pm)
- March 24th Business Plans Due – 5pm
- April 9th Finalist Announced – 5pm
- April 16th Scrub Day – Finalist Presentations
- April 24th Finalist Presentations and Awards Ceremony – Alter Hall A31 (1pm-5pm)
Eligibilty & Rules
Participants are encouraged to work in teams (up to four members), but may also enter as “solo-preneurs.” Participants will compete in one of three competition tracks: Undergraduate, Upper Track: Graduate Student/Faculty/Staff/Alumni, and Social Innovation Ventures. Any team with a member or members who are not undergraduate students will automatically be grouped into the graduate student/faculty/staff/alumni category.
Teams may include members without ties to Temple (students from other colleges, etc.), but the founder/CEO/main shareholder must be affiliated with Temple University.
Plans may address either the creation of a new or an already existing business, but cannot constitute a proposed company expansion. In addition, the existing business must be less than two years old. For-profit, non-profit and social innovation/entrepreneurship businesses are all eligible.
Plans submitted in the 2013 Be Your Own Boss Bowl® or previous Temple business plan competitions may be revised and re-submitted once providing you were not a previous winner or finalist, and meet other eligibility requirements.
*Plans that are written by others and submitted under false pretenses into the Be Your Own Boss Bowl® are expressively prohibited and subject to University disciplinary policies regarding code of conduct and cheating.
What You Need To Do
To enter the Be Your Own Boss Bowl® competition, you must use the downloadable template below.Your completed plan must be no longer than 15 pages in single-spaced 11 pt Arial font(excluding the title page, table of contents and two-page max executive summary). You may, however, include up to three pages of appendices. It should include all sections outlined in the template below and describe
- The market problem/opportunity
- Your product or service and how it will meet this opportunity
- Why your product/service better than competing products or services, and why customers will want to buy it (value proposition)
- The size of your target market
- The competition
- How your firm will generate revenues and profits
- Three-year pro-forma financial statements
- Social innovation ventures (also called social entrepreneurship ventures) should also include mission and how social impact will be measured
- And more.
A copy of a Frank Fiore’s book titled Write a Business Plan…In No Time can be picked up in 503 Alter Hall or be accessed online through Temple’s library. The business plan book and instructions on how to access it online via the Temple University Library system can also be picked up at the IEI.
We have formulated a condensed version of a typical business plan template CLICK HERE and included page references to this business plan book for use as a guide. We urge teams to follow our proposed time line in order to stay on target with the competition deadline (click here)
Participants are encouraged to attend the IEI’s Spring 2014 Business Plan Workshops. Each workshop will detail a different facet of writing a business plan and will provide additional insight into the overall process.
Each team’s plan will be evaluated by no less than four to five preliminary judges, providing the plan is complete, comprehensive and the proposed business is viable. To review the weighted scoring sheet by which your plan will be assessed CLICK HERE.
Business Plans must be submitted electronically, preferably in Microsoft Word (.doc format preferred) or as a pdf file. File size must not exceed 1MB and the entire plan must be contained in a single document. Financials and apprendices cannot be submitted as separate attachments. If your document contains photos, diagrams, etc. please ensure they are in low resolution so you do not exceed the file limitation. Hard copy plans will not be accepted by drop-off as preliminary judging is done via email.
Please include on the title page the name of the business, one or two line description of the business and full names of team members, their proposed titles for the business plus name of their college/school, major, year of study and Temple affiliation, if applicable, phone number and email address for each member on your team. To view a sample title page, CLICK HERE. Every business plan title page must also include the name of your competition track (only one) and your additional prize eligibility (all that apply).
Please use spell check, proper grammar and complete sentences. Do not use slang phrases or words, curse words or overly casual English. This is a business document, and judges respond poorly to anything less. We suggest having your document proof-read prior to submission.
Business plans are due on or before 5 p.m. on Monday, March 24 through the submission form below. In fairness to all competitors, late plans will not be accepted. No exceptions. You will receive an automated confirmation email. No plans will be accepted via email.
We encourage all participants to have their plans reviewed by their senior executive mentors, a professor, professional colleague or the IEI (by appointment only) prior to submission. The IEI is not staffed to review dozens of plans several days prior to submission: please plan accordingly!
Questions or Need Help?
You got it! You may send an email to firstname.lastname@example.org with questions or to request time with Jaine Lucas, executive director of the IEI, or our Entrepreneur in Residence or Executives in Residence (see Distinguished Leaders on this website). Good luck!
Please save your file as COMPANYNAME (ex. PEPSI)
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