I will check the Business Plans today and tomorrow Christmastime

I got all the 13 business plans of the Sentrep class.  They were due December 20;  however the last day of the class was December 19.  Those who submitted last December l9 at AGSB will be graded after Jan 8, the first day of class in 2013 (RJ, who did, re - submitted via LBC -  I got her LBC send today.

5 papers were in partnership:  9 were solo. Those who are in partnership will get a maximum grade of 3 only.  Congrats to those who dared and went solo.  They learned invaluable lessons about business, business planning, research, creativity and above all entrepreneurship.

I noticed that some did not meet the basic requirement of at least 40 pages.  One paper will free me from checking because it did not meet the requirement of being written in a prescribed format. (They did not listen or read the syllabus.)

The business plan writing is a dry run for strama course. Those who listened well who understood what strategy is all about, and went through the rigor of business plan writing did well in their strama.  Well those who did not....

Why you need to learn how to write a business plan

 From small business success blog

For most students, I think, writing a business plan is a big challenge.  Despite the long lead time given to them (45 days after the semester officially ends) 3 to 5 per batch fail to submit the business plan on time.  For those who submit, the rigor of of making a business plan does not set it.

The on going rate for a business plan is about P200t per.  It could be a good way to earn in the future.  Not many MBA grads, I think know how to write a winning business plan.  I yet have to see my students join a business plan writing competition.  I did announce before a Larry Farrell business plan writing competition (NO ONE JOINED SUBMITTED A PAPER SO I HAD TO STOP IT)

Here is another reason/post why a business plan is needed