Category Archives: Business Plans

Business Plan Competition 1st Boot Camp on January 15, 2014

“Business Plan Competition
1st Boot Camp”
SGMH 1307, 1:00 – 3:00pm
January 15, 2014

The purpose of the Business Plan Competition is to promote entrepreneurship amongst CSUF students from every college. No prior business plan writing experience is needed; all the information you will need to compete will be discussed at the Boot Camps or can be found here. For more resources to help you with the CSUF Business Plan Competition please go here.

Since the inaugural year of the CSUF Business Plan Competition we have seen a wide variety of business ideas make it to the finals. Whether your idea is a barbershop or a tech company your idea has the ability to go far in our competition if you make a compelling enough case for its success.

If you are interested in this competition please sign up for our CSUF Business Plan Competition Newsletter so that you will be kept up-to-date on all the latest information.

Perfecting Your Elevator Pitch – TCVN Event

Our friends at the Tech Coast Venture Network are hosting an event to help people perfect their elevator pitches in preparation for their Survivor 8 competition. The preparatory event will be held on Thursday, October 17, 2013 from 8:00am to 10:00am at the following location:

Haynes and Boone, LLP
18100 Von Karman Avenue
Irvine, CA 92612

If you are a CSUF student and would like to attend this event please email Travis at and I will get you comped for this important event. Details below:

Perfecting Your Elevator Pitch:

How to win $25K @ Survivor 8 On November 8th

Click image to go to event page

Learn the effective techniques needed to create a winning “Elevator Pitch” to win it all at our upcoming November 8th 2013 Survivor event. This pitch will also be helpful to raise money for outside early stage investment scenarios.

We will have a contest for all participants to have their pitch reviewed by a group of serial entrepreneurs and TCVN board members. One winner will get a free ticket to Survivor 2013!

Why is this important regardless of how much money you’re raising? 

The first thing every investor wants to hear is your elevator pitch. Without it; you will likely not get the right attention to get you capital.

Host Workshop :

Ash Kumra (Chairman of TCVN & Co-Founder)

You can also click this image to go to the event page

Ash Kumra is an award winning entrepreneur, author and public speaker recognized twice by the White House as an entrepreneur making an impact. Ash is currently co-founder of; an online community empowering users to achieve dreams in all areas of life using Dreamboards, visualization, community, helpful products & content.
Ash is also a public speaker specializing conscious entrepreneurship, law of attraction & social media. Ash has also spoken to over 10,000 people on entrepreneurship, social media and branding for many colleges, institutions, and organizations including the White House & TEDX.

In 2006; Ash co-founded digital content distribution agency DesiYou; the 2010 recipient for “Best Digital Media” company by the Irvine Entrepreneur Forum.

Register Today!

The Importance of Financial Literacy

Student learns about personal finances

Being financially literate isn’t something you are born into or passively acquire as you get older. It is something that you have to actively learn. And it’s better to start now then to wait until it’s too late.

Everyone knows that the literacy rate is not where it should be but people do not usually stop to consider the problems associated with a lack of financial literacy. Think about it, if you do not understand the differences between a savings account and a CD then you will probably be met with some financial difficulties in the future (to put it mildly).

Unfortunately, far too many people graduate from high school without even the slightest bit of training in this area (according to a recent study, only 14 states require courses on financial literacy to be taught at the high school level). Not preparing for the future can hamstring your life in so many ways and the longer you wait to do something the less impact it necessarily has. In our recent post, Why Your Twenties Matter, we showed that your twenties are crucial years in your life because, statistically speaking, the choices you make in your twenties have more of an impact on your personal, professional and financial lives.

For example, according to, if you start investing $2,000 per year starting when you are 25 then you will have about $560,000 in the bank once you reach 65 (assuming an 8% rate of return). However, if you don’t start saving $2,000 per year until you are 35 then you will only end up with about $245,000 at 65 (assuming an 8% rate of return again).

So, what are we really talking about here? I think the best way to answer that question is by quoting PBS’ quality site on this subject:

The President’s Advisory Council on Financial Literacy defines personal financial literacy as “the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.” (2008 Annual Report to the President)

Personal financial literacy is more than just being able to balance a checkbook, compare prices or get a job. It also includes skills like long-term vision and planning for the future, and the discipline to use those skills every day.

The PBS site is a repository of great information on the subject that can be useful to everyone. Within that site there are resources such as:

  • Help on planning for retirement
  • A wide array of financial calculators
  • Definitions of common words found in the financial sphere
  • There are even quizzes to test your absorption of the material

Another site you can look to for information on this subject is From their site: is the U.S. government’s website dedicated to teaching all Americans the basics about financial education. Whether you are buying a home, balancing your checkbook, or investing in your 401(k), the resources on can help you maximize your financial decisions. Throughout the site, you will find important information from more than 20 Federal agencies and Bureaus designed to help you make smart financial choices.

Recently, Center for Entrepreneurship Director and Professor John Bradley Jackson participated in a seminar hosted by the Center for Economic Education on campus to help people become more financially literate. Talking about how to formulate a business plan, Professor Jackson explained to those in attendance what the purpose of a business plan was, how to develop one and resources that they could use to help them in their business endeavors.

Center for Entrepreneurship Director John Bradley Jackson lectures on the importance of business plans to a group of people who are hard at work improving their financial literacy skills.

Center for Economic Education Director Dr. Radha Bhattacharya oversaw a full slate of presentations like Director Jackson’s. “Teaching Economics,” “The Stock Market Game and Personal finance” and “Future Financial Life” were just three of the other presentations given through this day of financial literacy bolstering. If you would like to know when the next event like this is going to happen please follow the Center for Economic Education and the Center for Entrepreneurship as well.

CSUF Business Plan Competition 2013 Finals

After months of hard work by our student entrepreneurs we have a winner! But before we get ahead of ourselves here let us first talk about the Finals.

It was a morning event and, unlike the first CSUF Business Plan Competition Finals, we had good weather, which was nice. The three finalists – Synova Life Sciences, NixFix Chasers and The Edge – were all in top form during their presentations and each team impressed our judges and the crowd. It was a close competition (very close actually) and in the end Synova Life Sciences won the day with NixFix Chasers taking second place and The Edge third.

(Watch this video summary of the event for some more depth about the Finals)

Synova Receiving 1st Place Award
From L to R: Thomas Flores, Bryan Trivedi, Cesar Enchante, John Chi & John Bradley Jackson

This competition is a rigorous event that forces all entrants to address the important aspects that face every new business such as:

  • How will you market this business?
  • Who are your customers?
  • Who is on your team and what holes do you need to fill in your founding team?
  • What is the competitive landscape?
  • How much funding do you need to successfully launch this business?
  • How will your company fair financially over the coming three years?

NixFix Receiving 2nd Place Award
From L to R: Nick Ajluni & John Bradley Jackson

And so on with these probing questions which elicit much more circumspect plans from our students. These are the kinds of questions that every entrepreneur must face while launching a business and being able to put forth these questions to students before they take their first steps on this journey is invaluable to their growth as a student entrepreneur.

What is really impressive about many of the plans that we saw during this competition is that they are in the process of launching these businesses or will soon launch them (included in this group are all three finalists). Of course, some of the student entrepreneurs won’t end up launching their ideas but some will, which is what is important.

The Edge Receiving 3rd Place Award
From L to R: Mayra Figueroa & John Bradley Jackson

In the future we plan on doing some posts on the individual teams that participated in this competition so make sure to check back from time to time.

CSUF Business Plan Competition 2013 Finals

You are all invited to the CSUF Business Plan Competition 2013 Finals

Who: All Students are welcome – an Opportunity Drawing will be held for all students in attendance, prizes include: iPad Mini, Angels Tickets, concert tickets, lodging at a resort and more (student ID must be shown in order to enter Opportunity Drawing)

Faculty, alumni, staff and everyone else who is a friend of entrepreneurship is welcomed to this event as well (sorry, you will not be eligible for those wonderful prizes however)

What: CSUF Business Plan Competition Finals. The Top 3 CSUF teams will present their business concepts to a panel of distinguished judges and one team will be crowned the winner.

When: this Wednesday, April 17 from 9:30am to noon

Where: TSU, Pavilion A