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2013 Mayo Business Plan Competition

2013 MBPC 1st Place: M&S Guitars
(Left-right) Dean Keep presents the 1st Place prize of $12,000 to M&S Guitars: James Seyffart, Alex Matteson, and Tim Pfenninger! 2nd Place went to Campus Corner Laundry and 3rd Place to SurpriseMe at the Finale on April 3rd. (Photo courtesy of Deric Raymond)

 

1st prize TT photo croppedCongratulations to the final 3 teams on their excellent presentations during the Mayo Business Plan Competition Finale.

See news article: “College of New Jersey students win grand prize with musical business plan” by Kimberly Horner for The Times of Trenton, 4/5/13.

See photos from the Mayo Business Plan Competition Finale on April 3, 2013 by Michael Mancuso of The Times of Trenton here.

Read more in The Signal: M&S Guitar wins Mayo by Courtney Wirth, 4/9/13.

Finalists:

MBPC Finalists

Semi-finalists

Team Members
SurpriseMe Andrew Bak, junior, Interdisciplinary Business
Sean Kilgannon, junior, Finance
Tushar Gupta, junior, Open Option Science
Sean Piersanti, junior, Interactive Multimedia
DJ Neel Entertainment Neel Desai, sophomore, Accounting
Sumaiya Rahim, sophomore, Interdisciplinary Business
Bhargav Maheta, freshman, Finance
M&S Guitars Tim Pfenninger, junior, Finance
Alex Matteson, senior, Mechanical Engineering
James Seyffart, junior, Finance
Brassica Fund Matthew Scapardine, sophomore, Economics
Renner Rachel, junior, Finance
Nick Lauda, sophomore, Philosophy
Jenna Nerger, junior, Interdisciplinary Business
CampusCam Nicholas Gnade, senior, Finance
Danny Acevedo, senior, Management
Robert Vafiadou, senior, Management
Jacfit.com Jeffrey Himelson, sophomore, Finance
Steve Zilberberg, senior, Computer Engineering
Alex Crane, senior, Bio-Med Engineering
Campus Corner Laundry David DeLooper, junior, Marketing
Daniel DeChiara, senior, Computer Engineering
Ethan Kisch, junior, Political Science

 

Goal

This competition is designed to increase student appreciation for the challenges associated with developing a viable business offering (product or service) while, through an iterative process, recognizing those students best able to articulate a plan that addresses these challenges. In recognition of both the time involved and the difficulty of the task, the competition also provides a suitable award for the successful teams.

Participants

All TCNJ students are invited to participate. Students with ideas that might translate into viable business products or services can come from virtually any School and discipline. The competition is not associated with a particular course. Each team must be comprised of no less than three or more than four current TCNJ students. Upon request some effort will be made to assist any non-business student looking to add a business student to their team (e.g., a student familiar with income statements, marketing, etc.). This assistance notwithstanding, establishing and managing the team remains a student task. At the same time, the competition presumes the teams’ ability to independently determine what constitutes a solid business plan; no instruction will be provided and students are left to their own resourcefulness.

Process

The competition will consist of three phases:

Phase 1: Team submits an initial business plan to be evaluated by professional. (Maximum plan length is 20 pages, double-spaced 11 or 12 font, including all appendixes and supporting evidence.)

Phase 2: A maximum of six teams are invited to revise the initial business plan and give a 20 minute presentation.

Phase 3: Three teams are invited to revise their plans and make final presentations (maximum 30 minutes each) from which a winning team is selected.

 

Timeline

January 27 Business plans due at 12:00 midnight (this is the first Sunday after the start of classes)
January 30 Business plans out to judges
February 9 Business plans returned from judges with rubric scores and comments
February 14 Top six teams notified and given feedback. They will have 20 days to revise and prepare, including three weekends
March 6 Semi-final competition before five judges (Wednesday night before spring break)
April 3 Final competition before the same five judges (Wednesday night)

Competition Awards

Prizes: A top prize of $12,000 will be awarded to the winning team with prizes of $6,000 and $2,000 for second and third place teams respectively.

Sponsoring Donors: The School of Business thanks Professor Herbert B. Mayo for establishing the Mayo Business Plan Competition and Eric Szabo ’97 for his generous support.


Mayo Business Plan Competition Info Session, Nov. 13

 

Above left, Dean Keep annunces the 2013 Mayo Business Plan Competition. Pictured right, entrepreneurial panelists: Adjunct Professor Carla Fallone, Jacqui Town ’08 and Chris Jones ’90.

 


See a Business Plan Outline here.  pdf

 

 

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