With the last week of the LABB program we took a lot of time to work on our presentations for Wednesday. Tuesday my group spent a few hours in the CIBE work space figuring out exactly the way that we wanted our power point to come across and what information we wanted to convey to the investors. Having the CIBE gave us a place to get into the real business mindset. This was all in the preparation of our business plans on Wednesday. Wednesday we presented our business plans to a panel of 5 judges. Disappointingly my group did not receive as much funding as anticipated especially in regards to the amount of work and effort we put into completing it. When the judges were asking us questions about our business plan it made me realize that I had learned a lot about business the past seven weeks but also that I still had a lot to learn which I will strive to do. Before the LABB I didn’t understand all of the things that go into a business plan. Now I think that of I wanted to start my own business I have the skills to set up the frame work and the knowledge to pitch the idea to investors and run the business from the ground up. This is because we learned how to write the business plans from the ground up and incorporate all the factors. I would like to thank the Lily Endowment for giving me this opportunity to further my knowledge of business. Without the generosity of the Lily Endowment I would have remained pretty ignorant of all things that have to do with business and how I can apply my Liberal Arts education in the business world.
