1. Team Qualification: 

1. There are two group competitors: the high school level (18 and below) and

 college level (21 and below). 

1. Teams must consist of 1 to 5 members.

2. At least one of the team members must be an Asian American.

3. All participants must be studying in North Carolina.

 

2. Admission fee: No Entry Fee

 

3. Submit your Business Plan Report the form in on Thursday, August 10th, 11:59 PM EST.

 

4. Business Plan Submission

1. Develop a business plan report for a new business that creates a positive impact on society, as this will be an important grading section for your business.

2. Number of pages: The report should be no more than 10 pages. The first page should include the competitors names and the business name. The second page must include a table of contents and each page must be numbered. 

3. Contents:

   1. Company Profile: Includes basic details of the business, mission statement, location, leadership organization, and goals.

   2. Industry Analysis: Provides an analysis of the larger industry in which the business will belong and analyzes key trends and strategic opportunities in the industry. Includes an analysis of key competition and identifies the business’ relative strengths and weaknesses.

   3. Target Market: Provides a brief overview of the nature and accessibility of the targeted audience. Analyzes the market in the context of the business

   4. Sales Strategy: Demonstrates how the business’s product or service will be marketed and sold.

   5. Management and Organization: Describe the key participants in the new business venture and identify the role each will play in the business’s development.

   6. Financials: Indicate the accounting methodology to be used by the business. Discuss the estimated costs and earnings during a normal year and a projection of future earnings.

   7. Long-Term Development: Gives a clear vision of where the business will be in three, five, or more years.

   8. Appendix: Includes a works cited page with citations for resources used during research.

4. Your business should address how tariffs impact a specific industry and create a solution that reduces or avoids these extra costs. The goal is to show how your company can stay competitive in the U.S. while also lowering employment rate and increasing entrepreneurship.

 

1. All work must be honest and original. AI can be used to generate ideas but no section of the report should be written using AI. All reports will be screened for plagiarism.

2. Submissions: https://forms.gle/tYmfuLDoHYgX58w76 

 

5. Presentation​

1. Groups will present their projects on August 17th between 2:00PM and 4:30PM at 901 Kildaire Farm Rd

2. Question and Answer Time: 3 minutes

3. Presentation format: slideshow or video submission

4. In-person presentations are preferred (in Cary, NC), but Zoom is available.

5. The judging panel, comprising experienced NCAAC and ILF members, will evaluate the entries based on the execution of the business plan, as well as how the business is successfully able to work around tariffs.

1. Presentation time: 10-15 minutes