COMPETITIVE EVENTS--Business Financial Plan
2010-11 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.

2010-2011 Topic:

Due to the economy, changing lifestyles, global warming, and the desire for stress-free vacations, you are going to open a service business called Backyard Vacations. This business will be based on the idea that your home is now your vacation spot. The business will come in and change the customer’s yard to accommodate the family. This could include installation of pools, spas, playgrounds, grills, porches, gardens and areas for relaxation. Prepare a business financial plan for the purchase of the materials including the rent of a centrally located building, office equipment, and startup capital for the first 20 customers.