R.W. Plaster Free Enterprise Challenge
The R.W. Plaster Free Enterprise Challenge will recognize USA team business venture projects that implement entrepreneurial activities to increase profit margins. Profits from the business venture can be used to support the social impact work of the team. The focus of this competition, however, is the success of the team’s business venture.
The R.W. Plaster Free Enterprise Challenge recognizes the team’s use of sound economic principles1. Specifically, the application of entrepreneurial processes to encourage innovation that produces goods and/or services that others highly value. This will require rigorous budget management focused on achieving strategic short term, medium and long term goals. Financial success is a reflection of the team’s ability to maximize their resources in a market economy.
1Common Sense Economics (Gwartney, Stroup, Lee, & Ferrarini, 2010).
Business ventures must be an example of free enterprise and cannot have support from state, local or federal grants. Preference will be given to those business ventures that funded their start up through equity investments or venture capital loans.
How to Enter
Please ensure that your Impact Entry form is well-written, using correct grammar, spelling and punctuation. Your descriptions should be clear and concise. Content from this submission will be judged by a panel convened by the R.W. Plaster Foundation. You are also welcome to submit a short (less than 5 minute) video further detailing your project with your submission.
Fields marked with an asterisk (*) are required. Please note the text box character limits. Characters include letters, spacing and punctuation. After the entry is submitted, please review the email confirmation. You may log back in to make changes up until the entry deadline, if necessary. Enactus will retain the last entry submitted within the deadline. Any team that completes an online entry for this competition and does not receive this verification should contact Tiffany Haney (email@example.com) immediately.
Entries must be completed by March 31, 2017 at 5:00 p.m. CT. Submissions received after this time will not be considered.
How much did the team’s entrepreneurial business venture increase their profit margin?
Submit Your Entry