The Kenneth A. Freirich Business Plan Competition - Key Dates
- Thursday, September 13, 7pm : Informational meeting, Murray-Aikins Dining Hall, Rooms 3 and 4
- Friday, October 5, 4pm: Second informational meeting, Palamountain Hall, Room 202
- Friday, October 12 : Deadline for filing "Intent to Compete"
- October 8 - December 6 : Weekly business plan writing workshops
- Wednesday, January 23: Business plans due
- Friday, February 7: Presentation of business plans and announcement of finalists, Payne Room, Tang Museum
- Monday, April 1: Final business plans due
- Friday, April 12: Finalists' presentations and awards ceremony, Payne Room, Tang Museum
Eligibility
The business plan competition is open to all currently enrolled Skidmore students, regardless of their year or major. Students may submit individual plans or work in a team (all of whom must be current Skidmore students.)
Format
All business plans should be submitted on a single, printable PDF document. They should be no more than 10 pages, plus up to 5 pages for financials and appendices. Plans should include financial data including a monthly income statement, balance sheet, and projected cash-flow statement for at least two years.
Each business plan should include:
- Executive Summary
- Company Overview
- Products or Services
- Market Overview/Competition
- Sales and Marketing Strategy
- Operations Overview with Milestones
- Management Team
- Summary - Financials
- Use of Proceeds
- Potential Exit Strategies
Creating a Business Plan (PDF)
Creating a Business Plan (PPT)
Contact
Inquiries, submissions of Intent to Compete forms, and final business plans should be directed to Professor Roy Rotheim.
Please note: The cash awards in these competitions are not wages from the College and there will be no withholdings for any required tax payments. Students receiving awards will receive an IRS Form 1099 early in the following calendar year for the payments indicating the amount of the payment. A copy of the IRS Form 1099 is sent to the IRS. Please plan for a tax liability accordingly. If you receive financial aid, please be aware also that there may be implications for the need-based portion of your award in a subsequent year.
