Steps for Student to follow:
1. Think and Create an idea of a product/service and the business of which would sell this idea.
2. Create an ‘Essay’ (300 words or less) that encompasses the business idea, product/service, its marketability, and its practical application. If students from a school that choose to participate in this competition want to have Nex-tech come and give a short (4-hour) overview of planning, please get together with business class teacher of the school district and contact Mendi Alexander
(Nex-tech – Community Development director at 785-625-7070 ext. 1618) to have a specialist come talk with the applicants.
3. Fill in the Application – ‘Official Entry Form’. Signature of Guardian/parent is required. Signature of Principal of public school where student is enrolled is required. Signature of Student is required. All questions must be completed to be accepted. Form must accompany the ‘Essay’. Deadline is March 31, 2014!
4. Student can continue to work on business plan after ‘essay’ and ‘entry form’ is sent in, BUT we strongly encourage the student to have the simple business plan completed at this time as well. This makes the process easier for the judges, but also shows efficiency of planning to the judges.
5. Acknowledgement of receipt of ‘Essay’ and ‘Entry form’ will be given to student. Business plan can be sent in with the essay and entry form as well, but is not required until April 14th, 2014.
6. Notice will be given to each essay entry of their recognition of being or not being a finalist before April 14th.
7. Business Plan MUST be received (postmarked or time dated) on or before April 14th, 2014 to qualify for cash prizes.
8. Be compiling items and/or ways to present your idea/product/business at the Youth Entrepreneur Fair.
9. Youth Entrepreneur “Square Watermelon” Fair is Saturday, April 19th.
10. Finalists (notified) will be given up to 9 am to set up their booth on tables at the Fair. Tables will be provided. Products/Service can be sold during the fair to public visitors, but is not required.
11. Finalists should be prepared to provide a short ‘Elevator Speech’ to a judge visiting your booth. An “elevator speech’ is a short selling summary of your product/business within 30 seconds to 1 minute.
12. Finalists are very likely to be asked during the fair to visit with the judges about the business on a one-to-one interview held in a private meeting room. There will be anywhere from 5 to 9 judges for the competition. We would suggest having your parents practice with the student at home with questions about the business. These processes will, not only help in the presentation with judges at the fair, but may help create a better product/service for the business in the competition in regards to, follow-through the student may do with the business after the fair.
13. Presentation of participation certificates and winners of the cash prize will be given during the afternoon of the fair.
14. Consideration should be given to taking this business idea to the next level of competition. Network Kansas is having a competition for Northwest Kansas in Bird City on May 7th. More information is outlined at: