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The Young Entrepreneurs (TYE) Class 2013-2014 Business Plan Competition aims to educate and groom high school students to become successful entrepreneurs through a comprehensive curriculum. The program equips students with entrepreneurial skills, nurtures their ambitions, develops their soft skills, and provides access to successful entrepreneurs, business leaders, and investors.
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The Young Entrepreneurs (TYE) Class 2013-2014 Business Plan Competition Apr 13th , 2014
The Program • To create a global community of youth empowered to become successful entrepreneurs Vision To offer a comprehensive and well-structured curriculum to educate and groom high school students to maximize their potential as entrepreneurs, leveraging the success the earlier generation has had as entrepreneurs themselves; enable future business leaders in a positive, fun way Mission • Equip students with entrepreneurial skills • Nurture their ambitions and help incubate their ideas • Develop soft skills to lead, influence, work better in teams • Access to successful entrepreneurs, business leaders, investors • Have fun doing all this Core Objectives
TYE Dallas 2013-2014 Summary • Preparation • Define and launch program - Dec 2013 • Call with TYE Global to get synced up – Dec 2013 • Recruitment of instructors, students - Dec/Jan 2014 • Information Session - Dec 2013 • Classes and workshops* • Classroom Sessions • Feb 2, 2014 - THINK – Intro to the Program, what is entrepreneurship, the process of idea generation, conceptualizing ideas from life experiences; Ideation/Thought case-study/exercise • Feb 9, 2014 - PLAN – Once you have an idea, where do you start, what is the product/service, what is the market, what are the steps you have to take, how do you plan; Design/Prototyping case-study/ exercise • Feb 16, 2014 – SELL - How do you sell your idea to your partners, to investors, to customers, sales channels, dos and don’ts, effective communication, need for passion in entrepreneurship; Sales case-study/ exercise • Feb 23, 2014 – MAKE – How do you make a product, deliver a service, manufacturing, supply chains, business operations; Operations case-study/ exercise • Mar 2, 2014 – CHECK – The business of money, what does it take to bring ideas to fruition, how do you get the money, debt vs equity financing, valuation; Business financials - Revenues, costs, profits; Keeping books; Finances case-study/exercise • Mar 9, 2014 – WIN – Structuring the business, legalities, corporate governance, ethics in business, social responsibility, what is success - wealth creation, leadership, impact • Biz Plan Workshop Session Set up • Mar 16, 2014 – WORKSHOP1 – Team formation (if not already formed); Coach assignments; Finalizing ideas • Mar 23, 2014 – WORKSHOP2 – Focus on creating the marketing pitch, a sales plan and a prototype of the idea • Mar 30, 2014 – WORKSHOP3 – Iterate on the marketing/sales plan, prototype and a financial plan • Apr 6, 2014 – WORKSHOP4 – Complete the presentation draft and rehearse for final presentation • Regional competition • Apr 13, 2014 – PRESENTATIONS/REGIONAL FINAL – Presentation by teams, followed by awards • * In addition to the regular schedules, students will get a taste of real world business problems and how concepts are applied through case studies and exercises from local companies/start-ups
Instructors/Coaches/Volunteers (A Big Thank You!!) • Coaches/Instructors • Shameer Soni • Raj Malik • RanjanSarwal • Dayakar Puskoor • Manoj Balraj • Dilip Shah • Anita Pai • KrishDhanam • Volunteers • Sabitha Viswanathan • Anand Gupta • Sreyas Telidevara • Aditya Viswanathan • Robin Joseph • Nathan Research team • SrinivasNandunuri • HarshaNagulapalli • Corporate Sponsor • TI (Texas Instruments) • Facility • UTD / Jey Veerasamy
Today’s Schedule • Introductions – 1:00 pm – 1:15 pm • Team 4 - 1:15 pm – 1:30 pm • Team 4 Q&A - 1:30 pm – 1:35 pm • Team 2 - 1:35 pm – 1:50 pm • Team 2 Q&A - 1:50 pm – 1:55 pm • Team 1 - 1:55 pm – 2:10 pm • Team 1 Q&A - 2:10 pm – 2:15 pm • Team 3 - 2:15 pm – 2:30 pm • Team 3 Q&A - 2:30 pm – 2:35 pm • Team 5 - 2:35 pm – 2:50 pm • Team 5 Q&A - 2:50 pm – 2:55 pm • Team 6 - 2:55 pm – 3:10 pm • Team 6 Q&A - 3:10 pm – 3:15 pm • Break - 3:15 pm – 3:25 pm • Wrap up - 3:25 pm – 4:00 pm
Being streamed live www.justin.tv/nathanresearch
Team Presentations • Team 1 - DocAid • Team 2 - Vizon • Team 3 – Zorinc • Team 4 - Fantopus ; Backup • Team 5 - Trust Locker ; Backup • Team 6 – Adhane
What Next • Winning team to represent Dallas at the Global final to be held in Vancouver, June 21-23, 2014