Posted Date: 11/12/2019
There’s a little more at stake this year for the business students studying entrepreneurship at Chanute High School.
For years, teacher Sherri Bagshaw has held a showcase for her students’ startup businesses. They develop a business plan and create a product that they can sell to the community. This year, with a grant from NetWork Kansas to the collaborative economic development group, Grow Neosho County, her students are participating in a Youth Entrepreneur Challenge.
The goals of the program align with Bagshaw’s class expectations, but now the students are competing for cash prizes and the opportunity to take their business to a state competition.
The students still create a business plan, budget, cost analysis, and then build or create their product along with a marketing plan. Then the competition begins, with teams of judges coming to CHS to listen to each student’s four-minute presentation about their business. A score from each student’s executive summary and a score from the presentation were used to narrow the field from 24 to nine, Bagshaw said.
At the 2019 business showcase, from 6:30 to 8 p.m. Wednesday at CHS, all her students will share their startup businesses with the public, which often include some great holiday shopping ideas. Also that day, the YEC finalists will compete in front of a new set of judges, starting at 5:30 p.m.
They will be judged in four areas, Bagshaw explained, a four-minute presentation, their executive summary, the trade show display and a two-minute elevator speech.
Cash prizes, contributed by the Grow Neosho Committee and the USD 413 Foundation, will be awarded to the top three students. First place winner gets $599, second place is $400 and third place is $200. Another $250 prize goes to the first place winner, if they attend the state competition. Scholarships from NCCC will also be awarded.
“I like this because we are involving businesses and industry in this process,” Bagshaw said. “That is a big goal of the district, to get local business and industry involved in our schools.”
All students at the showcase will compete for some smaller awards for best tradeshow display, executive summary and presentation. The awards are to be announced at 8:15 Wednesday night.