Concept Proposal Round - Judging Score Sheet - Talents@NAA!
Concept Proposal Round - Judging Score Sheet - Talents@NAA!
Concept Proposal Round - Judging Score Sheet - Talents@NAA!
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Part 1: Written Business Plan<br />
GENERAL JUDGING CRITERIA GUIDELINES<br />
1. Executive Summary<br />
Clear, concise executive overview;<br />
Exciting, compelling story;<br />
Indicates purpose of the business plan;<br />
Effective as a standalone overview of the plan.<br />
2. Company Overview<br />
Purpose of business;<br />
History and/or genesis of business concept;<br />
Current status of business or concept;<br />
Overall strategy and objectives into the future.<br />
3. Products and Services<br />
Description of products/ services;<br />
Features & benefits for customers;<br />
Pricing;<br />
Current stage of development;<br />
Emphasis on innovation or superiority over current offerings.<br />
4. Market & Marketing Strategy<br />
Description and characteristics of market, including size, segments, growth potential, barriers;<br />
Analysis of competing products/services. How is this offering differentiated<br />
Estimates of market share the business hopes to achieve;<br />
Commercialisation strategies, including selling, distribution, pricing, promotion;<br />
Strategy to overcome barriers of entry to the market.<br />
5. Operations<br />
Plan for production/delivery of product or services;<br />
Product cost and margins identified;<br />
R&D needs identified;<br />
Resources required and identified.<br />
6. Management<br />
Organisational structure;<br />
Backgrounds and relevant skills of key individuals;<br />
Gaps in skill set identified;<br />
Personnel needs – staff recruitment and development based on a required skill set;<br />
Ability to execute strategy.
7. Financial Plan<br />
Easy to read and understand;<br />
Consistent with plan, realistic and reasonable;<br />
Effective in capturing financial performance:<br />
- illustrated monthly for year 1;<br />
- and included for years 2-5.<br />
Overall score for the team’s financial plan in the areas of:<br />
Income Statement<br />
Balance <strong>Sheet</strong><br />
Cash Flow Statement<br />
Assumptions/Trends/Comparatives<br />
8. The Investment Proposition<br />
What are the financial requirements for this business<br />
Uses for funds;<br />
Proposed capital structure and ownership;<br />
Return on Investment;<br />
Possible exit strategies identified<br />
9. Written Presentation<br />
Minimal duplication in the plan;<br />
Well written – grammar, style;<br />
Well presented.<br />
Written Business Plan is 25 pages or less;<br />
Appendices are 15 pages or less;
Part 2: Formal Verbal Presentation<br />
A. FORMAL PRESENTATION<br />
1. Presentation was clear, logical and precise.<br />
2. Convincing articulation of company purpose, market opportunity and future potential using appropriate<br />
examples and practical applications.<br />
3. Maintained judges’ interest.<br />
4. Quality of visual aids.<br />
B. QUESTION AND ANSWER SESSION<br />
1. Respond to judges’ inquiries with substantive answers.<br />
2. Effective use of time allocated.<br />
3. Demonstrated confidence and ability to articulate clearly when responding.
Part 3: Overall Commercial Viability<br />
1. Market Opportunity<br />
There is a clear market need presented, and a potential commercialisation strategy.<br />
2. Competitive Analysis<br />
The company provides something innovative/unique that gives it a competitive advantage in its market.<br />
3. Management Capability<br />
This team can effectively develop this company and handle the risks associated with the venture. Gaps in the<br />
skills of the management team have been identified and solutions posed.<br />
4. Financial Understanding<br />
This team has a solid understanding of the financial requirements of the business.<br />
5. Investment Potential<br />
The business represents a viable investment opportunity.