Entrepreneurship Award Submission Clarification?

[PayneTrain]

Originally Posted by Riverdance

Yes, that's what I mean. Sorry, didn't mean to confuse you. Plus, that's the term my treasurer has been using so I'm a little all over the place.

The entrepreneurship award, as I'm sure you've gathered, is about a great many things. Calling it just the business plan award doesn't really do it justice, especially with the relatively new way you submit for the award (it used to be a turning-in of your own fully formatted document in the pits on Friday).

For the financial statement, they aren't looking for a full fledged business plan. It would be best if you had a spreadsheet (Excel file) that detailed your team's expenditures and incomes in a format like this:



Your expenditures as a nonprofit robotics team will naturally look different. Your revenue can be broken down into showing the sources of your funds (raising $xxxx from corporate partners, $yyyy for fundraising drives) and your expenditures can be broken down into where your money goes (for us it's our three divisions of competitions, technical, and community operations). From there you can try to add detail in subsections. Those could answer questions like "Who are the corporate sponsors you are working with and how much do they give?" on the revenue side and "How much money are you spending on capital improvements (buying shop equipment) vs. operational expenses (raw materials and COTS items for robot construction)?"

Take an image capture of the statement under the award's guidelines. While you don't get to submit a 1-page PDF here like I personally would like, you do get an opportunity to show this information in a more conducive format than plaintext.