Five Madison High School students will participate in a new Business Pitch tournament, a new event designed for the school. In this event, they will present innovative business plans in hopes of winning a grand prize of $1,000.
This grueling challenge tests their entrepreneurial and creative skills within a real-world framework. In preparation for the tournament, the school held three intensive workshops led by local businessmen and industry professionals, underscored by advice from a patent lawyer and marketing experts.
The tournament is set to begin after 7 pm at 3878 Jake Way Suite 10 under the supervision of Jeremy Carlson, who won a notable business television series. Judges appointed for the event are also accomplished local business community personalities, providing invaluable feedback and evaluation.
All competing pitches should include a comprehensive, viable financial plan. The contest will showcase a range of innovative ideas, from eco-friendly products to breakthrough technology applications. Judges will assess the contestants and award the most innovative and impactful business concepts.
The contest was the brainchild of Jennifer Barzee, a coach for the school’s Business Professionals of America. Barzee believes it fosters a spirit of competitiveness among students and hopes that engaging students early on in entrepreneurial education will help them better understand different business spheres and equip them with the necessary skills to thrive.
Madison students’ competitive business pitch debut
Excitement for the tournament is palpable throughout Madison High School, a crucial step for these aspiring entrepreneurs to kick-start their business dreams. One of the students, Ethan Hathaway, emphasized that competition encourages collaboration and teamwork, which are key elements in any business venture.
A unique feature of the contest is that each participant’s $1 entry fee also acts as a vote towards their total score; the more votes a participant gets, the higher their chances of winning. This innovative approach maintains transparency and fairness. The gathered entry fees also contribute to the prize pool, making the competition more rewarding for participants and supporters.
Such initiatives are not just one-off events but a move towards cementing the importance of entrepreneurial education in the academic fabric. Barzee emphasized the ultimate goal is to cultivate an enterprise mindset among the students, sparking a trajectory of growth and development in the business sector.
If you can’t make it this year — check out the information, plan, execute your plan — and come next year!
