Competitors must complete both parts for award eligibility. The business venture must be currently viable and realistic and must not have been in operation for a period exceeding twelve months before the NLC. A participant may compete as an individual their first year. If competing a second year, the participant must be part of a team. Make sure you get early approval from your parents to attend the National Conference so you will be in a position to say "yes" to your adviser if you are "bumped up".
FBLA Competitive Events: Academic Competitions for High School Students
This event recognizes FBLA members that demonstrate an understanding and mastery of the process required to develop and implement a new business venture. An effective business plan should include the following information:. Provides an overview of the business, its location, and its legal structure and organization. Analyzes key trends and players in the industry. Demonstrates an understanding and awareness of external business conditions.
Business Financial Plan
You need to identify a specific objective for the store i. The new store should be specifically targeted for your school and demographics. The Business Financial Plan should include but is not limited to equipment, inventory, facilities, and operations management. Establish and develop a complete financial plan for a business venture by writing a page report on the topic provided.
The National Awards Program, also known as competitive events, recognizes and rewards excellence in a broad range of business and career-related areas. FBLA competitive events also prepare students for successful careers in business by providing opportunities to apply classroom concepts in a workforce-simulated competitive environment. The topics for competitive events are developed approximately one year before they are released to members in order to start preparing for competition. As such, the Digital Video Production topic was developed prior to the pandemic, and no one anticipated that it would affect our society and schools for as long as it has.