COMPETITIVE EVENTS--Business Financial Plan
2008-09 Topic

Business Financial Plan

Business financial planning is paramount to the success of any business enterprise.  This event is designed to recognize FBLA members who possess the knowledge and skills needed to establish and develop a complete financial plan for a business venture.  The financial plan requesting a loan from a financial institution must be economically and financially sound with a realistic time frame.  In addition to learning and applying financial business decision-making skills, team participants develop business contacts, implement written and oral skills, and develop familiarity with procedures of financial institutions.  The student(s) will complete the plan based on the posted topic on the PA FBLA web site.

Restrictions: May be an individual member or a team of 2-3 members; one member may repeat
Region Leadership Conference Eligibility: Not a regional event
State Leadership Conference Eligibility: Any chapter may submit two reports for the state conference; must submit project to PA FBLA Executive Director by published deadline.  Top 10 teams will participate in oral presentation of project at the SLC.

2008-2009 Topic:
 

The local garden center has been in business for five years. Currently the garden center leases the property and buildings. The lease is soon expiring. The owner of the garden center would like to purchase the property from the current owners. This garden center has no competitors within a ten mile radius. Prepare a business financial plan for purchase of the property that will be presented to a banking institution. The plan will need to include at minimum information on the sales history of the company, projected earnings, current assets, and the benefits of buying versus leasing of the property. Information may be fictitious.