Today was the big day at Minnesota Business Venture: companies presented their final business plans to a panel of judges! In addition to that, students learned many valuable lessons about entrepreneurship and personal finance. The Shareholders Address in the morning was by a very successful entrepreneur, Joe Keeley. Joe started his business, College Nannies & Tutors, when he was in college and the company is now a nationwide nanny service. Joe shared his story from his first years as a nanny to his latest development in the company. He used humor to engage students in an informative case study of College Nannies & Tutors. The main takeaway from his presentation was to recognize opportunities for business.
Next, companies were treated to a one-on-one presentation about personal finance. Volunteers from different money-managing companies spoke to students about the importance of good financial habits. The presentations touched on saving, investing and paying for their ideal lifestyle.
Many companies used lunch time for another run through of their presentations or to go over final details. It was amazing to see the companies choose to come together as a team during a stressful time.
Following lunch, companies alternated between company meetings and Business Plan Presentations. Companies had 15 minutes to pitch a new product or service to investors, a panel of volunteer judges. The companies asked for a loan to expand their business and the investors had to decide if they wanted to do business with them. The companies were excited and anxious to present. Most had practiced until 10p.m. last night, perfecting the details. The judges were very impressed by the innovative products and services the companies presented. Students found the Business Plan Presentations to be a very rewarding experience.
Students then listened to hilarious and inspirational speaker, Gaye Hanson. She kept the students engaged and excited with her entertaining stories. Gaye Hanson inspired students to ignite their life and laugh at themselves.
Tonight, students will enjoy themselves at Minute to Win it and the dance before saying goodbye and heading home on Friday!