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Competition Schedule

Timeline and Directions for 2022-2023

  • 10/5/22 Mayo Business Plan Competition information session.
    • ONE team member must attend in person or virtually the MBPC information session. This session will include a previous MBPC team winner, an MBPC judge and members of the NJ Small Business Development Center at TCNJ. The session will take place at 11:00 am in the Business Building Lounge or via Zoom. Students are required to register here.
  • 10/31/22 Registration opens for “Intent to Compete.” As few as one TCNJ student can register an “Intent to Compete.” Because more teams competing requires more first-round judges, the “Intent to Compete” helps us approximate the number of judges needed. If you “think” you might want to compete, then register. All team members must be currently enrolled TCNJ students. At the time of registration, all team members must sign the affirmation of policy statement and attach to the registration form. This affirms that all team members have reviewed the Confidentiality Statement, Prize Money Award Disbursement Statement and the Timeline.
    • Resource – Dean Jervis is offering two (2) sessions on business financial statements. They will be one-hour sessions offered at 4 pm on December 6, 2022 in Business Building, Room 224 and January 10, 2023 at 4:00pm via Zoom. There is a limit of 20 students for the Zoom session. Both sessions require registration. Please email Assistant to the Dean, Stephanie Horner at horners@tcnj.edu to register.
  •  12/12/22 Registration for “Intent to Compete closes at 11:59 pm. Registration after this date requires an exceptional situation and the Dean’s approval (e.g., an illness or unusual study abroad situation).
    • As a reminder, each team must consist of no less than two and no more than four current TCNJ undergraduate students. There will be no team changes after this deadline. All team members must also complete and submit the Affirmation of Policy Statement.
  • 1/15/23 Business plans submitted (via the website) by 11:59 pm. Absolute due date; no exceptions. Business plans evaluated by two to three judges using the Evaluation Rubric
    • Maximum plan length: 20 pages, double- spaced 11 or 12 font.
    • Additional charts and tables (maximum five pages).
    • Plan must be submitted as a PDF (not a Word or Excel file).
    • A short pitch video (1 to 3 minutes) describing the concept and likely target market(s) is required.
    • Plan must include:
      • Executive Summary (usually written last)
      • Business Overview
      • Operating Plan
      • Market Analysis
      • Products and/or Services
      • Competitive Analysis
      • Sales and Marketing
      • Management Team
      • Financial Plan
      • Projections
      • Conclusions
  • Suggested Learning Module for students with limited business knowledge.
  • 1/15/23 ALL team members must complete two LinkedIn Learning modules and submit certificates of completion with their intent to compete. These require signing in with your TCNJ credentials.
  1. Creating a Business Plan
  2. Financial Analysis for Business Plan Projections
  •  2/13/23 Six teams invited to revise business plan and advance to semi-finals. Semi-finalist teams must have a mentor. The mentor could be one of your choosing or the School of Business could provide suggestions for a mentor. Your mentor’s name must be submitted to the School of Business.
  • 2/24/23 Semi-finalist teams submit revised business plans by 11:59 pm for judges.
  • 3/1/23 Semi-Finals – Semi-finalist teams give a live 20-minute, uninterrupted presentation before judges, followed by a 10-minute Q&A.
  • 3/15/23 Three of six semi-finalist teams invited to revise plans and advance to finals.
  • 3/28/23 Finalist teams submit revisions for the judges by 12 pm noon. Teams will produce a bridge document that specifically addresses the judges’ feedback that contains updated or new exhibits on design, financials, addressable market, and so on.
  • 3/29/23 Finals – Final presentations before judges, maximum 30 minutes, questions from judges allowed throughout the time period.

*Dates subject to change*

 

 

 

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