2. 2016 Be Your Own Boss Bowl
Business planning competition for aspiring and early-stage entrepreneurs from Temple University
18th annual competition
Managed by the Innovation and Entrepreneurship Institute – a top 15 nationally ranked program
One of the richest-prize competitions in the country

3. Create economic impact
BYOBB Objectives
Launch companies
Learn new skills
Create economic impact
The creation, launch and sustainability of new ventures – including small business, truly scalable enterprises and social innovation ventures – from the Temple community
To develop, improve and refine business planning skills
To drive economic development and social change in the region and beyond

4. BYOBB at a glance Many prizes - 13 in total!
Tied to requirements of accelerators, investors
Shorter business plan format
Pitch deck required
Two minute video optional
Business Model Canvas optional
Follow-through (Accelerator)
It’s all online
Need to use Lean Startup concepts

5. Prizes and Recognition
TOTAL PRIZES OVER $200,000
Summer Accelerator program
Legal, accounting, marketing services
Temple PR

6. BYOBB Important Dates Nov 23rd – Start Signing up for Mentors
Jan 21st, Info Session, 4 – 5pm
Jan 25th, Info Session (Webinar), 12 – 1pm
Feb 5th, Deadline to Sign Up for Mentor
March 10th, On-demand Mentoring, 4 – 5:30pm
March 14th, On-demand Mentoring, 12 – 1:30pm
March 16th – Plans Due
April 7th – Finalists Announced
April 14th – Pitchdeck coaching sessions for Finalists
April 21st – Final Presentations and Awards Ceremony

7. Who is Eligible?
Leader of the team must have a Temple University affiliation
All Temple University students, alumni, staff & faculty
New business or an existing business (less than two years) that has not yet raised more than $50k from external sources.
Cross-discipline teams are encouraged
Participants are encouraged to work in teams
- 4 person max per team
-Teams may include non-Temple affiliates
The business founder/CEO/main shareholder must have a Temple University affiliation
Students, alumni, staff & faculty from all of Temple’s 17 schools and colleges are eligible, plus TU Health System and other Temple organizations (Paley Library, Office of Technology Transfer, etc.)
The Business plan may focus on either the creation of a new business or an already existing business (less than two years) that has not yet raised more than $50k from external sources

8. Tracks Compete in three tracks - Undergraduate Students
- Graduate Students/Staff/Faculty/Alumni
- Social Impact
Any team not comprised of solely undergraduate students must compete in Graduate Student/Staff/Faculty/Alum track
Social entrepreneurship businesses are encouraged to participate

9. Social Impact
The Social Impact track is for new ventures whose primary focus is to create social value.
Unlike a traditional business venture with their focus on profits, social ventures pursue the double bottom line of social impact and financial sustainability.
For purposes of the BYOBB, a company whose primary motive is financial, but which donates a relatively small amount of money or time to social causes does not qualify as a social impact firm.

10. Social Impact Entries in the Social Venture Track of the BYOBB must:
Incorporate a measurable social and/or environmental bottom line into its mission and practices, and
Plan to attain financial self-sufficiency primarily through earned revenues

11. There’s Help Available
Blackstone Launchpad
Submit Opportunity Description
Assigned a Mentor
Submit Plan
Winners Participate in Accelerator
Virtuous Cycle

12. Senior Executive Mentor Program
Upon completion of a one-page “opportunity description”, participants will receive a business plan guidebook and a Senior executive mentor.
One-on-one mentoring program with mentors from the Greater Philadelphia Senior Executive Group & other orgs
Two-way project-based mentoring program
Mentors may not do any primary work or write plans
- Mentors provide feedback, advice and counsel
Protégé or mentee:
- Drives the plan forward & is the responsible party
- Communicates regularly with their mentor
- Is respectful of mentor’s time and other commitments
- Sticks to agreed upon schedule and due dates

13. Opportunity Description
One-page document answering:
What problem are you solving and why is it awesome?
What is your product/service?
Who is on your management team?
Who are your competitors and why are you better?
What type of help could you use from a mentor?
(You can use your Idea Competition Submission)

14. What Do You Need to Enter?
Business Plan – 10 pages max
Business Model canvas – optional
Pitch Deck
Two-minute video presentation - optional
Financials

15. Sections of the Business Plan
Elevator Pitch
Opportunity
Product/Service
Management Team
Market Opportunity
Competitive Landscape
Execution Plan
Road Map

16. Financial Section Financials Revenue Model/Financial Assumptions
Financial Projections – 3 years (attachment)

17. Judging Criteria Must represent realistic and marketable ideas.
Evidence of testing assumptions
A well-organized, well-written, sophisticated plan that makes a compelling business case
Evidence of thorough research regarding market, industry and competition
Sound strategy and revenue model; plan is executable
Attainable financials that are grounded in sound assumptions
Consistency throughout plan
Quality of Presentation (Finalists only)

18. Business Plan – Do’s and Don’ts
DO comply with the 10-page limit
DO use the template available on the IEI website,
DO your homework – research!
DO use spell check and a professional writing style
DO submit a plan that’s clear, concise, compelling and complete
DO proofread your document prior to submitting
DON’T skip sections
DON’T turn your plan in after midnight

19. Start Early! Plans are due in about 3 ½ months– start now!
Break it down into “chunks” and stick to a schedule
Allow time for re-writes, more research, exams, glitches at work, etc.
Take advantage of winter break

20. Past BYOBB Winners
2009 – Pit Bull Development (Alum, School of Tourism and Hospitality Management)
2010 – Next Engineering (Undergraduates, College of Engineering)
2011 – pureNANO (Graduate Student, Fox School of Business)
2012 – PHmHealth (Alum, Fox School of Business)
2013 – Neighborhood Foods (Alum, Fox School of Business
2014 – Guiding Technologies (Professor, College of Science and Technology
2015 – Rates for Us (Alum, Fox School of Business)

21. ’15 Spring Business Planning Workshops
4:30 to 5:30 p.m. 503D Alter Hall
Date
Topic
Jan 27
Assessing Ideas
Jan 28
Feb 3
Creating Winning Business Models
Feb 10
Market Segments and Value Propositions
Feb 18
Cash Flow, Profits and Financials
Feb 19
Competitive Analysis
Feb 24
Pitch Decks (May be repeated)

22. Additional Temple Resources
Executives/Entrepreneurs in Residence:
Temple business Paley Library
Legal clinic at the Temple SBDC
Business Communication Center (Fox Students)
Writing Center
Business Plan classes
IEI Staff (by apt) and IEI Resource Center
IEI mentor/subject matter expertise network
Online

23. Be Bold
Be Resourceful
Be Innovative
Be Your Own Boss
#BYOBB2016