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It was similar to “Shark Tank,” besides there have been no rich buyers, no nice concepts, no issues solved and no cash to be made.
OK, perhaps it was not precisely like the favored TV present the place entrepreneurs pitch enterprise concepts to rich speculators who’ve the means to assist entrepreneurs overcome enterprise obstacles.
On Thursday, October 23, a number of Northeast Community College college students pitched the “Worst Business Idea,” competing for $100 in present playing cards. The fun-filled occasion was held in Union 73, with sub sandwiches, chips and cookies supplied, serving to to offer it a extra relaxed feeling than an precise, high-stake enterprise presentation.
Intersect, the coworking and incubator house in downtown Norfolk, sponsored the present playing cards. The Northeast Future Business Leaders Association and the Northeast Student Leadership Association additionally have been sponsors.
Ryan Ruff, undertaking supervisor of Intersect, mentioned the hope was that by sponsoring a worst enterprise thought, it will take the stress off and assist the scholars to give you concepts whereas gaining expertise on what is required for a enterprise thought.
“If we can get students – or people in the community – to think about being business minded and learning innovation skills, whether you are going to be an entrepreneur or work for a company, having the skills to be a free thinker will be very, very valuable,” Ruff mentioned.
Winner of the casual, gag competitors was chosen by the applause of the viewers who turned out to witness the competitors.
Cameran McKirby of Oakdale gained first place along with his dangerous thought, “Senior Citizen Smackdown,” and Manesh Liphuka of Malawi was second with, “Borrow a Brush,” which concerned folks utilizing others used toothbrushes.
Ruff mentioned dangerous concepts usually assist folks to assume “outside the box,” which is the place most good concepts or improvements are found. Intersect additionally affords a program to assist folks with innovation.
Ruff mentioned an area insurance coverage agent who lately went by way of this system designed an app that helps dad and mom who grow to be coaches for his or her youth sports activities workforce to get a observe plan. The app helps them grow to be educated and coach the workforce, no matter what stage the gamers are at. The agent additionally superior and received a $50,000 grant from the State of Nebraska to construct the app.
Sam Gibbs of Norfolk, Jenna Rose Zierke of Norfolk, and Manash Liphuka of Malawi are Northeast college students who’re a part of the entrepreneurial committee of FBLA, which helped to placed on the competitors. All three college students have been amongst eight college students and a few adults who competed.
Contestants initially needed to current an “elevator pitch,” which is designed to be a few 30- to 60-second pitch about what their enterprise thought entails.
Next, contestants developed their concepts extra, addressing:
- What is the issue being solved?
- What is the answer?
- Why are you the appropriate individual or workforce to get this concept to market?
- How would you earn a living?
Later, with the expertise of this occasion, Northeast college students can be competing in a contest to pitch their finest enterprise concepts.
Worst Business Idea
Here are the contestants who took half within the “Worst Business Idea” pitch contest, which befell Thursday, October 23, at Northeast Community College. Intersect, the coworking and incubator house in downtown Norfolk, and Northeast Future Business Leaders Association and the Northeast Student Leadership Association additionally have been sponsors. (Northeast Community College)
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