1. FRC Entrepreneurship Award
What you need to know
Presented by:
Jason Dwyer
Sr. Program Manager, Learning and Development
Comcast University, College for Technologists

2. Welcome and Introduction
Denver, Colorado
Master of Business Administration
MBA in Finance
B.S. in Business Communication
Bachelor of Science

3. What we will be covering today
Entrepreneurship Award overview
What you need to know
General award criteria
Business plan template overview
Business plan section reviews
The fine print
Sharing best practices

4. entrepreneurship Award Overview
This award celebrates the entrepreneurial spirit and recognizes a team that has developed a comprehensive business plan in order to define, manage and achieve the team’s objectives. This team displays entrepreneurial enthusiasm and the vital business skills to ensure a self- sustaining program.

5. What you need to know
Submission Dates: Now – February 15, 2018 at 3PM ET
Submitted by: Student Award Submitter
Teams are eligible to win the Entrepreneurship Award at any event in which they participate.
District Events
Regional Competitions
District Championship Events
FIRST Championship Division
A formal business plan must be completed and entered through the Youth Team Member Registration System.
In addition to submitting their business plans, teams may create more comprehensive plans in their own style. They may then provide hard copies of these plans to judges at events to supplement the information they provide in the online submission.
Submissions must be in English

6. General award Criteria
The team has a clear concept or approach to building their team and functions as a complete unit.
They assumed risks and were successful in managing that risk, dealing appropriately with adversity and unexpected events.
They had a plan and executed it successfully.
They understood the goals of the competition and the goals of FIRST.
They demonstrated sustainability through, for example, succession and contingency planning.

7. Business plan template
Team Mission Statement
Team Origin
Organizational Structure
Relationships
Deployment of Resources
Future Plans
Financial Statement
Risk Analysis
Pictures

8. 1. Team Mission Statement
Criteria
Briefly indicate what you believe to be the “driving engine” of your team
Your mission should be clear and concise
It should represent to any reader exactly what your business plan strives to accomplish
1600 characters allowed, including spaces and punctuation.

9. 1. Team Mission Statement
Vision Statement
A statement that defines WHERE your team wants to be in the future
Externally focused statement that communicates your team’s purpose and values
Answers the question, “What is the desired end result?”
Mission Statement
A statement that defines HOW you will get to where you want to be
Internally focused statement that defines your teams goals, ethics, and culture
Clearly represents to any reader exactly what your business plan strives to accomplish
Answers the questions, “What do we do? What makes us different?”

10. 1. Team Mission Statement
Vision Statement:
“To transform our culture by creating a world where science and technology are celebrated and where young people dream of becoming science and technology leaders.”
Mission Statement:
“To inspire young people to be science and technology leaders, by engaging them in exciting Mentor-based programs that build science, engineering, and technology skills, that inspire innovation, and that foster well-rounded life capabilities including self-confidence, communication, and leadership.”

11. 1600 characters allowed, including spaces and punctuation
2. Team origin
Criteria:
Date that your team formed
Location of your team
Current number of team members (highlight any changes over the years)
Describe the challenges the team had to overcome in order to participate in FIRST events.
1600 characters allowed, including spaces and punctuation

12. 3. Organizational structure
Criteria:
Detail how the team is structured to:
Raise funds
Ensure funds are properly spent
Find and engage sponsors
Recruit team members/ mentors for current & future seasons
Ensure FIRST principles remain core to the team’s efforts
Uploading an image of your team organizational chart below, will also satisfy this requirement
1600 characters allowed, including spaces and punctuation
Graphic image allowed in addition to or as an alternative to text
upload 5” x 4” 100 dpi resolution images that end in .JPG or .GIF)

13. 1600 characters allowed, including spaces and punctuation
4. relationships
Criteria:
Detail team efforts to specifically engage, inspire, educate and retain
Team members
Mentors
Sponsors/Community
1600 characters allowed, including spaces and punctuation

14. 5. Deployment of resources
Criteria:
Detail how team resources (Financial or otherwise) have been deployed to:
Engage the community to spread the message of FIRST
Inspire others to get involved so that FIRST continues to grow
Ensure all team members get the most out of their FIRST experience
1600 characters allowed, including spaces and punctuation

15. 1600 characters allowed, including spaces and punctuation
6. Future plans
Criteria:
Indicate specific plans the team has for the next 3 years in regards to
Sponsorship
Team and community outreach (including helping FIRST grow)
Detail how you expect to be able to accomplish these goals
1600 characters allowed, including spaces and punctuation

16. 7. Financial Statement Criteria:
Include information on team finances (include financial statement detailing income and expenditures).
Uploading an image of your team financial plan below, will also satisfy this requirement.
1600 characters allowed, including spaces and punctuation.
Graphic image allowed in addition to or as an alternative to text
Upload 5” x 4” 100 dpi resolution images that end in .JPG or .GIF)

17. 1600 characters allowed, including spaces and punctuation.
8. Risk analysis
Criteria:
Describe the team’s risk mitigation plan.
Present a SWOT analysis or narrative that describes the team plan to identify and respond to sustainability threats.
1600 characters allowed, including spaces and punctuation.

18. Strengths Weaknesses Opportunities Threats
SWOT Analysis
Helpful
Harmful
Strengths
Weaknesses
Internal
Opportunities
Threats
External

19. SWOT Analysis Strengths Weaknesses Opportunities Threats
What are our assets?
What do we think we do well?
What do others say you do well?
What unique features make us stand out?
What do we have that nobody else does?
What do we have more of than anyone else?
Weaknesses
Are we lacking knowledge or skills?
What don’t we have that we need?
What areas do we need to improve?
What are the things we need to avoid?
Where do our competitors have an advantage?
What new resources are we lacking?
Opportunities
What are the current trends?
What are we not doing that we should be?
What new technology can we leverage?
What knowledge or skills can we add?
What will give us a competitive advantage?
What are we missing?
Threats
Who are our biggest competitors?
What do our competitors have that we don’t?
What are obstacles with our current mission?
What could change that would reduce resources?
What changes to FRC may disrupt our success?
What are the risks we face in achieving goals?

20. 9. Pictures
Criteria: Upload Organizational Charts and Budgets. Picture 1: Upload 5” x 4” 100 dpi resolution images that end in .JPG or .GIF Picture 2: Upload 5” x 4” 100 dpi resolution images that end in .JPG or .GIF Picture 3: Upload 5” x 4” 100 dpi resolution images that end in .JPG or .GIF Picture 4: Upload 5” x 4” 100 dpi resolution images that end in .JPG or .GIF

21. The Fine print
Entrepreneurship Award submissions are posted on a private, password-protected site where only the judges and authorized FIRST staff can read the entries. By making a submission the Submitter irrevocably grants to FIRST and FIRST designees the right to use any or all of the submission in any and all media for the purpose of describing the submission, describing the Award, and/or otherwise promoting FIRST and FIRST programs.

22. Sharing Best Practices
What have you done in the past that worked? What have you done in the past that has not worked? What are some lessons learned? What advice would you give others?

23. Questions?

24. Thank You!