News — March 13, 2002

2002 JCI Best Business Plan of the World Competition

Introduction Junior Chamber International (JCI), Inc.?a worldwide federation of young professionals and entrepreneurs with over half-a-million members, JCI Senators and Senior Members in more than 100 countries and territories?is inviting young entrepreneurs to take part in the second annual JCI Best Business Plan of the World Competition. Through this competition, JCI seeks to foster the entrepreneurial spirit among its members and in the community in general. There are two award categories: ? ?Business? for profit-oriented business plans ? ?Social Entrepreneur? for nonprofit plans
Who May Participate This competition is open to young entrepreneurs under the age of 40. They do not need to be members. JCI is requesting entries from its National Organization Members (NOMs), as well as from 1,500 universities, 100 ICC National Organizations, 15,000 Local Chambers of Commerce, Young Entrepreneurs of Europe, and AIESEC. How to Participate To enter, each participant must submit an entry form, an executive summary and a business plan for the creation of a new enterprise, endeavor, or social activity to create positive change. The entry form is available at JCI?s website, www.juniorchamber.org. Entry forms, executive summaries and business plans may be submitted: ? Through the NOM if the NOM conducts a National Best Business Plan Competition, or ? Directly to JCI. Entries submitted directly to JCI should be sent to bbc@juniorchamber.org or to JCI Best Business Plan of the World Competition, 16120 Chesterfield Parkway West, Suite 250, Chesterfield, MO 63017, U.S.A. If sent by mail, an electronic copy in a CD or a floppy should be included. Participants submitting their entries directly to JCI will not receive NOM recognition. All entries must be received by JCI no later than August 30, 2002. The Executive Summary The Executive Summary is a 1-2 page document that provides a vision for the proposed venture, including the business or project concept, target customers or beneficiaries, competitiveness in the market, and revenue or benefit potential. It is not intended to be as comprehensive as a detailed business plan, but should provide the reader with a summary of the major elements of the proposed venture. The Business Plan The business plan submitted by the participants should be a document of no more than 25 pages. Perhaps the most important document an entrepreneur can create, the business plan helps guide the start-up company's first several years, and gives potential investors an idea of the company structure, goals and future plans. For useful information on how to prepare a business plan, visit www.inc.com. Implementation and NOM Involvement The Competition will be implemented as follows: ? All NOMs will be encouraged to run this competition at the national level to promote JCI?s Flagship Program and to ensure their members have all the opportunities they deserve. Each NOM conducting the competition will select one or more semifinalists. Each semifinalist will be the subject of a media release, receive a plaque, and be recognized as a JCI Best Business Plan Semifinalist by the respective National President in his or her home country. ? A panel of judges appointed by JCI will select two finalists and one winner in each award category from entries submitted through the NOMs or sent directly to JCI. Participants submitting their entries directly to JCI will not receive NOM recognition. Judging A panel of judges will select two finalists and one winner in each category keeping in mind the ideals of JCI and its focus on: ? Creativity ? Quality ? Contribution to achieve positive change JCI Awards Two finalists and one winner will be selected in each award category. Finalists and winners will be honored with a plaque at Congress. Additionally, each of the two winners will receive: ? One free airline ticket to Las Vegas, Nevada, to attend the 2002 JCI World Congress on November 24?28. ? Five-day accommodations at the legendary MGM Grand Hotel, the headquarters and delegates? hotel. ? One free Congress registration. ? A US$5,000 cash award of start-up funds for launching the business described in his or her winning plan. All participants must be willing to be present at Congress if selected as winners. Confidentiality All JCI Best Business Plan Competition judges will sign a blanket confidentiality agreement to cover the business plans they review. Please do not disclose proprietary information in the Executive Summary as JCI may use information from this document for promotions and press releases. 2001 JCI Best Business Plan Results In 2001, entries were received from 24 different countries. At the JCI World Congress in Barcelona, Spain, last November, JCI honored six entrepreneurs who submitted bold and imaginative business plans to establish a new enterprise or social activity to create positive change. Profit Category First Place: Saskia Immens, with Freebags Company, the Netherlands. Freebags is a startup company with a unique marketing strategy providing recyclable paper bags (replacing plastic bags) to stores and outlets. This business combines environmental protection with a distinctive advertising vehicle. Second Place: Fabrice Cavarretta, with iPropi, Paris, France. iPropi offers assistance for both consumers and businesses through the Internet. The business answers inquiries and requests (buy/sell/find/etc.), combining the service with a reward scheme and targets. Third Place: Abodunrin Roberts, with Risk Watch Insurance Brokers, Lagos, Nigeria. This business plan focused on providing short-term business insurance. The business will also offer management expertise and access to the wholesale insurance market. Nonprofit Category First Place: Yeap Woon Heng and Ralph Yew Eng Teik, with J-Caf?, Kuala Lumpur Junior Chamber, Malaysia. Their J-Caf? business plan focuses on providing outstanding food and beverages to customers as well as offering a venue for people to meet. It proposes to generate income for Junior Chamber, promote fellowship and business networking, and attract potential members. Second Place: Vlad Murashkevich, with the African Transcontinental Expedition, Svoy Krug broadcasting company, Belarus. The objective of the African Transcontinental Expedition business plan is to travel through the African continent, from North to South, visiting the 25 JCI member countries in Africa. Third Place: Hatem Belhi, Louis Trahan and Leena Malik, with the World Survivor project, Canada. This business plan proposes a competition not among groups, but rather between the achievement of ideal humanistic goals and the limitations of our physical reality. The prize is a better world for all involved. Victory is in the effort, not the results.
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