Students compete for best business plan

  • Tuesday, June 17, 2014

2014 County Business Plan Competition winners PROVIDED

Fifteen high-school students from around South Carolina will go head-to-head June 18 in the third annual Mark Motley Foundation State Business Plan Competition by YEScarolina. Six of the students are traveling from outside the tri-county area to compete at the competition, hosted at the College of Charleston School of Business.

“Money is the carrot that helps get the students interested in learning about entrepreneurship,” said Jimmy Bailey, YEScarolina founder and president. And seed money is exactly what the students are competing to win. First place will walk away with $3,000 plus an all-expenses-paid trip for the opportunity to pitch their business at the NFTE National Challenge in Silicon Valley this October. One of South Carolina’s own will have the chance to win the top prize of $20,000. However, all the students agree it is more than just the money. They talk about what a life-changing experience it is to stand in front of a panel of judges, pitch your business idea and be able to network with other competitors and business owners.

In the past 10 years, YEScarolina has provided entrepreneurship training to more than 700 teachers around the state, which in turn means more than 14,000 students have written a business plan. Time and time again, YEScarolina students boast about the relevant skills and confidence they have gained through their entrepreneurship class and the YEScarolina business plan competitions.

The public is invited to watch the final round of the business plan presentations on Wednesday, June 18 at 5:30 p.m. in the Wells Fargo Auditorium at the College of Charleston School of Business. Immediately following the competition, YEScarolina will host a reception to celebrate the winners and their 10th anniversary with food and refreshments donated by Hall’s Chophouse.

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