LI Student Places Third in Statewide Business Plan Competition
Students enrolled in Lyndon Institute’s Principles of Finance and Business course spent their last semester developing a business plan that was submitted for consideration in the tenth annual Vermont Student Business Plan Competition. The competition is presented by the Vermont Small Business Development Center (VtSBDC) and Vermont Rural Entrepreneurship through Action Learning (VT REAL) which, according to the VtSBDC website, is “an experiential learning curriculum that develops entrepreneurial knowledge and skills, and guides participants through the process of planning, creating, and operating small businesses of their own design.”
Jordan Patoine, supported by instruction from his course teacher, TJ Tanner, completed his business plan as a part of the semester-length course. Upon completion, his was among those to be submitted for consideration in the statewide competition. Patoine's plan was then graded on a 100 point rubric which includes a detailed company description, a marketing plan, an operations management and organizational plan, and a financial plan. Following the scoring, the business plan submitted by Patoine was awarded third place for his efforts.