Entrepreneurs are critical thinkers. They hone the ability to focus and tackle a problem using analysis and evaluation to form judgments. Learning to think critically is a key component to being a problem solver. It is how people make clear, reasoned decisions leading to a success in business and beyond.
Entrepreneurs know that what gets measured, gets done. All great accomplishments have a timeline, working from a starting point to the goal. Goals keep us moving toward things we really want in life. Having the ability to formulate effective goals and see them through to fruition is important for a successful life.
If you can think:
- What’s the PROBLEM?
- What’s the SOLUTION?
- How large is the MARKET?
- Who is the COMPETITION?
- What makes it so SPECIAL?
- What’s the ECONOMIC MODEL?
- How exactly will you achieve SALES?
- Have you assembled a qualified TEAM?
- How will you secure required RESOURCES?
- What are you proposing for an INVESTMENT?
Nominate yourself as young Entrepreneur today!
To particpate in any challenge you must be a registered member and have a subscription model of Silver, Gold, or Platinum.
Once you are a member of the Incredible Kids community then you are eligible to particpate in multiple events round the year. More the events you participate more points you gain and greater are your chances to go up. There are 3 levels to reach the National Level.
Level 1: Participation in Competetions held at school level (online or offline)
Level 2: Winners of Level 1 compete at Inter school level at city /distric or state level
Level 3: Winners of Level 2 finally compete among themselves for national position.
New Business Concepts will be evaluated on the following judging criteria.
- Business Description: Details of the venture and what it does.
- How well was the concept explained?
- How reasonable, sustainable, and scalable is the new concept?
- Market Analysis: Characteristics of the market and description of its customers.
- Is there a genuine need for the product or service?
- How well was the target market defined?
- What is the size and growth of the market?
- What is the consumers’ willingness to pay for the product/service?
- Product or Service Analysis: The specifics of the product or service.
- Is the description clear?
- Is the product feasible?
- How easily it can be duplicated?
- Is there a presence of potential substitutes for the product?
- Competition: Identify current and potential competitors.
- Have the current and potential competitors, competitive response, and analysis of strengths and weaknesses been adequately defined?
- Marketing Strategy: How sales will be achieved.
- How realistically defined is the marketing plan?
- Does the plan adequately address price, product, place, and promotion?
- Are resources sufficiently allocated for marketing?
- Operations: How the product or service will be produced and delivered.
- What is the likelihood of securing resources required for production?
- Is there an ability to operate competitively and grow?
- Management: An assessment of the entrepreneur(s) and team.
- Does the team exhibit the experience and skills required for operation?
- What is the depth and breadth of the team’s capabilities?
- Does the team demonstrate the ability to grow with the organization and attract new talent?
- Finances: An overview of the required resources and economics of the venture.
- How compelling is the business model?
- Has the team clearly and adequately presented a breakeven analysis?
- How reasonable are the financial projections?
- Are there prospects for long-term profitability?
- Presentation: Overall effectiveness of the actual presentation.
- Did the presenter(s) engage the audience and hold their attention?
- Did the presenter(s) appear to speak with confidence authority?
- Were visual aids (i.e. PowerPoint® slides) clear and valuable?
- Was the pitch exciting and compelling?
- How efficiently did the team allot their time?
Prizes and Certificates at all levels.
The following Companies will provide Scholarships and online Interships to winners at different levels. Its’ totally the discretion at the company level to give scholarship to a particular winner or not. All the winners will be recommended to various companies for scholarships. A winner can get scholarship from more than one company or may not get at all. The Jury and Management of Primary Plus Media will have no say in this and will not be held responsible for same.