Lake Washington School District
Teen CEO Business Competition
March 11, 2017
Lake Washington School District Resource Center
16250 NE 74th St. Redmond, WA 98052
This competition is open to high school students in the Lake Washington School District who
own and operate their own business. Businesses that are co-owned by parents/and or other
adults do not qualify. Please submit a typed application. Application is due January 6, 2017.
I.
Introductory Elements

Create a Title Page and attach (5 points)
Include name of business, name of student(s), titles of students in regards to the
business, high school in which student(s) attend, start date of business, email
address and phone number
II.
Description of Business and Product
 Please describe your business and the product you plan to sell (5 points)
III.
Evaluation of Market Opportunity (5 points)
a. What are the market trends of your business? What do people like to buy?
b. Who are your customers?
c. Who is your competition?
d. Why is your product different? Why do people buy from you?
e. What are the risks? How could you lose money?
f. What are your goals for sale?
2
lV.
Description of Development and Production (5 points)
a. How is this service or product produced and/or sold?
b. Please state if this is a for profit or nonprofit business.
V.
Sales and Marketing Strategy (5 points)
a. Product—Why is this product needed?
b. Price—How much do you charge for your product and why?
c. Promotion— How is your marketing geared toward your target
audience/consumer?
d. Place—Where is this product sold
September 15, 2016
3
Vl. Management and Operations Plan (5 points)
a. How many people do you have in your business?
b. What are their titles?
Please include:
a. Mentors for Team (adults who help you)
b. Additional Skills Needed
Vll. What is your post-high school plan?
a. How does your business relate to your post-high school plan?
September 15, 2016
4
Vlll. Financials (5 points)
a. Economics of one Unit - How much does it cost for one item?
a) Fixed and Variable Costs - What other costs do you have in the
company?
Break Even Analysis - How many do you need to sell at a price
to break even?
b) When do you plan to break even if you have not done so?
c) What is your net profit or loss for the last 6 months?
b. If you win a cash honorarium from Teen CEO, how will you spend your
cash honorarium to enhance your business?
September 15, 2016
5
lX. Time Line (5 points)
a. Timeline for Business (a list of events concerning your business in
chronological order)
b. Sample ads; product drawings; prototypes. Attach if necessary.
Please complete your typed application and send to Kate Atvars by January 6, 2017 at
[email protected]. Questions? Please contact Kate Atvars at [email protected] (preferred) or (425)
936-1306.
Sponsored by the following:
Lake Washington School District
Kirkland Rotary Foundation
Passport Unlimited
Opus Bank - Kirkland
September 15, 2016