JHHS students present business plans in “Shark Tank” for $4k in scholarships

(Jackson, Wyo.) - Jackson Hole High School Government & Economics students will present original business plans to a panel of local business experts in a “Shark Tank” format today between 6 - 8 p.m. in the Jackson Hole High School auditorium. Sponsored by Convergence Investments and supported by Silicon Couloir Start-Up Institute and the Jackson Hole Chamber of Commerce, this entrepreneurial competition allows students to go through the process of planning a new business, including identifying market demands and niches, developing business concepts, conducting basic market research, exploring advertising and marketing strategies, preparing financial projections, and creating a “sales pitch” for a panel of local business experts and potential investors. While more 100 students will create plans, eight individual business plans will be selected to compete in the final round competition for more than $4,000 of scholarships. Students will employ presentation strategies ranging from PowerPoint and websites to serving food items and demonstrating their talents and inventions and will field questions from the judges about specific aspects of their plans, including central ideas and market analysis to advertising strategies and budgeting. The judges will then meet to determine the four following awards; 1st Place - Best In Show ($1,500), 2nd Place - Runner Up ($1,000), Best Presentation ($750), and Most Likely to Succeed ($750). In the five years of this contest, nearly $20,000 in scholarships have been awarded to Jackson Hole High School students. *Feature Photo: A young entrepreneur discusses their business at Pitch Day 2015. Pitchengine Communities* #buckrail #news