FINAL ROUND Schedule – Screening of Teams for YLES ’10

Schedule for YLES Presentations (2nd November, 2009):

4:30pm ……………Commencement

4:35-4:45…………. Group I: GROOVE PAK

4:45-4:55…………. Group II: ECOTTAGE

4:55-5:05…………. Group III:  FLORICIENTE PLUMA

5:05-5:15…………. Group IV: KAPRAHEE

5:15-5:25…………. Group V: ROOFTOP GARDEN

5:25-5:35…………. Group VI: UPOOL.COM

5:35-5:45…………. Group VII: EUPHORIA

5:45-5:55…………. Group VIII: LUMENI

5:55-6:10………….. Maghrib Break

6:10-6:20…………. Group IX: HEALTHY BITES

6:20-6:30…………. Group X:  HOMEBASE

6:30-6:40…………. Group XI:  AMANAH

6:40-6:50…………. Group XII: PIYAAZ PVT.LTD.

6:50-7:00…………. Group XIII: ARAB-UL-HIJAB

Important Notes:

• As mentioned before, we have shuffled the lineup so that it does not reflect the current standing of the teams to avoid any biases.
• Please report AT LEAST 10 minutes before the time slot you are allocated for your presentation. Late comers will not be allowed any consideration. Please get in touch with the society manager if you or any of your team members have a problem with the time slot you have been allocated before 2pm tomorrow so that necessary adjustments may be made.
• A total of 10 minutes have been allocated to each team. This includes their presentation time (5-7 minutes) and any questioning that the judges might want to do.
• You will be notified as you reach your presentation time limit and you will be penalized on exceeding the time limit. Since we are already dealing with all the teams in one sitting and this is exactly the amount of time allocated to each team in YLES, please adhere to the time limit specifications.
• Teams 11, 12 and 13 (according to Business Plan Ranking): Please bring at least 5 copies of your 1-page write-up for the judges along with you.
• Please make sure you have e-mailed your presentations maximum by 2pm (Monday) so that we have them ready on our systems before you arrive. This will save time and avoid the judges getting distracted.
• Your grading IS at the full discretion of your judges. Please be assured that they are fair and consistent in grading.
• If you have any queries, please make sure they are addressed as soon as possible to avoid any problems at the last minute.

Good Luck to you ALL! 🙂

URGENT NOTICE for the YLES Top 13 – E-mail your Business Plans NOW!

Some of the teams in the Top 13 have not yet e-mailed the soft copies of their presentations to our society’s e-mail address. Please make sure you send in your copy maximum by 11pm on Sunday (for our records). Don’t forget to include the e-mail addresses of all the group members in your team.

Please act NOW to avoid ANY problems later.

Also, it is STRONGLY advised that you e-mail your presentations at least 2 hours before the beginning of the session (before 2.30pm) so that the entire process is streamlined. Bringing in USB sticks and trying to open bad files and dealing with infected IBA PCs wastes time and distracts the judges.

Please MAKE SURE you have e-mailed in your presentations beforehand and we will try to have everything ready for you on our laptops so that you are ready to present when you walk in!

Good Luck!

iba.entrepreneurshipsociety@gmail.com

Screening of Teams for YLES ’10 – FINAL Round’s DETAILS

Dear YLES Hopefuls,

This post is to address all of your concerns and queries regarding the final round of the screening of teams for YLES ’10. Let’s start with the basics:

Time, Date and Venue:

The presentations will be held in the APWA Presentation Hall (3rd Floor).

Monday; November 2, 2009

The session is scheduled to begin at 4.30pm.

Panel of Judges:

To ensure transparency, fairness and well-rounded assessment, we have arranged for teachers specializing in different fields to assess your presentations. For that, one teacher of finance, one of marketing and one of small business management/entrepreneurship has been requested to sit through. Also, the same panel of judges will be judging all of the presentations so you can be assured of the consistency.

Line-Up:

To ensure that no bias or favoritism can be involved, we will shuffle the lineup of teams that will not reflect their current standing in the first round. The schedule and line-up will be announced soon. Please prepare your presentations in that while, instead of worrying about the time your turn will be at.

And now, for the details on HOW your presentation should be and what it should cover:

Presentation

Since we are assessing all the teams in one sitting and the judges have very limited times that they are devoting to this activity, we would like to assert the allowance of a maximum of 5-7 minutes per presentation. One of the members of the IBAES will be there notifying the presenters as they approach their time limit. No extra time will be allowed in any condition. This exercise will also prepare you for YLES since you have to convince the judges in exactly 5 minutes there as well.

Structure of Presentations

Your presentation should essentially cover the following aspects of your business plans:

• Core Idea/USP
• Target Market
• Marketing Plan/Promotion Strategy
• Financial Feasibility
• Source of Capital
• A brief analysis of key ratios (optional – please do NOT waste too much time on this)
• ROI
• Payback period
• Element of sustainability (if applicable)
• Future growth and penetration strategy
• Exit Strategy

Please note that your slides are clear, concise and too the point. Cluttered slides will only confuse the judges and lead to negative evaluation.

Tip: Two of the best speakers of your team should introduce and explain the presentation through while the others should answer the questions that the judges might throw at you. This will save time.

You will clearly be assessed on your presentation skills, confidence and general knowledge about the industry you are dealing with. Please be prepared in advance for any sort of questions coming your way from the judges to avoid last-minute surprises!

 

IMPORTANT NOTE TO ALL:

It has been stressed by the panel of judges that the business plans that have made it to the top 10 still need alot of work and refining to be “good enough” for YLES. Hence, we strongly recommend that you do some additional homework on your industry in general and your business in particular to refine your plans and address their concerns. If you need to know the feedback and comments the judges gave on your business plans, please e-mail us (iba.entrepreneurshipsociety@gmail.com) with the name of your business plan and the members (please allow for at least 2-3 hours for a response).

Also, please prepare a refined 1-page executive summary BEFOREHAND which will go to the YLES management for team-registration.

 

IMPORTANT NOTICE FOR TEAMS 11, 12, and 13:

The judges saw a good potential in your business plans and agreed to give you guys an extra shot. But it’s not over yet. You’ve got to do some extra homework to convince them that you’re up for it! You need to prepare a one-page write-up showing the STRENGTHS and OPPORTUNITIES your business has and the ways you will cover up for your WEAKNESSES and deal with your THREATS (this is NOT a SWOT Analysis). Also, you’ve got to convince the judges of the potential and future returns of your business idea. If your business plan lacked the element of sustainability and social benefit, make sure you add it.

Your write-up MUST NOT exceed a single page. If you need the feedback the judges gave on your plan, feel free to email us (address mentioned above).

 

Check back soon for more details.

Good Luck to you All! 🙂

YLES ’10 – First Round (Detailed Results)

IMPORTANT:

The lineup of the “positions” here is based on the BUSINESS PLANS only. Please know that you will essentially be judged on your presentation skills and every related aspect as the judges will question you as you present on your business plan and other related questions that are a part of the YLES (knowledge on the corporate world etc.)

The schedule and lineup for the presentation by the teams will be announced shortly. Keep yourself updated with the Facebook page and this blog!

Winners of YLES ’10 First Round

So much for the delay and suspense, but here they are. IBA Entrepreneurship Society congratulates the following teams who have made it through the first round of YLES’10:

1. Kaprahee (Asma Memon, Hira Channa, Kundan Noor, Mariam Rafiq)
2. Healthy Bites (Mustafa Nadeem, Shumile Qureshi, Talha Ameer, Wajahat Ali)
3. Piyaaz Pvt ltd (Mir Yahya Ismail, Zeeshan Channa,  Laraib Zehra, Naureen)
4. Groove-Pak (Afifah Jilani, Hira Anis, Javeria Nisar, Uzair Khan)
5. Lumeni (M Salman Tahir, M Ali Faraz, Ahmad Hassan, M Saiq Lakhani)
6. Homebase (Hassam Hussain, Noshin Ahmed, Reza Kazmi, Sarah Hussain)
7. Arab-ul-Hijab (Javeria Farooq, Maimoona Abdullah, M Saad Afridi, Faizan Ahmed Khan)
8. Ecottage.com.pk (Anoosha Shahid, Danial Qayoom, M Akber Ansari, Rafay Naeem)
9. upool.com (Danish,  Sara, Annie, Shafqat)
10. Floriciente Pluma (Aatira Mushtaq, Anika A. Kazi, Ala Zia, Bareerah Hoorani)

The detailed grades on all the entries will be put up soon. These ten teams will be required to present their business ideas in detail in front of the three judges on a soon-to-be announced date. The top scoring teams in the presentations, will then represent IBA in Lahore this January.

Good Luck!

YLES 2010

Dear Students:

The LES (LUMS Entrepreneurial Society) has once again announced the dates and details for the Young Leaders and Entrepreneurs Summit (YLES 2010). For those of you who are not aware of what this event is and were not able to attend the information sessions arranged in the City and Main campus; this event is a time to showcase your entrepreneurial skills, leadership, knowledge and creativity.

What to Expect

You get to mingle with students from across the country. The competition will consist of the following rounds:

· The Business Case Study

· Play-It (ad-making competition)

· The Leader’s Quiz

· Business Idea Competition

· The Social Enterprise Challenge

· Enspire Us (article writing)

The event will also consist of the above-mentioned competitions and workshops by day and social events at night including trip to theme-park, concerts, carnivals etc.

Team IBA

Continuing the tradition of motivation students to showcase their talents across the world, IBA will be sending its official teams to LUMS to participate in the competition. Like the previous event, where 2 of our 5 teams brought home the honors where one was declared among the Best Delegations (2^nd) along with the Best Business Idea (2^nd), while the other secured 1^st position in the Leader’s Quiz, IBA continues to encourage its students to bring home these accolades and learn from these experiences.

Each team must consist of 4 people and may only contain IBA students, irrespective of which campus they belong to. Members outside of IBA in the official teams are strictly not allowed.

The short-listing for teams being sent by IBA will be done on the basis of the Business Idea submitted. Kindly submit a hard copy of your business plan by 22^nd October 2009 for you to be eligible in the short-listing.

Since the theme for this year’s YLES is Sustainopreneurship, your business must have an element of sustainability and social benefit incorporated. The details of the requirements of the business plan in YLES are given on their website: http://les.org.pk/yles10/

Requirements

However, your business plan for IBA should be a maximum of a 4-page write up covering the following aspects:

· – Core Idea of the Business

· – Financial Feasibility (short)

· – Marketing Plan

· – Growth and Long-Term Strategy

· – Element of sustainability and social benefit

Your Business Plan will be judged on the following criteria:

· – Originality

· – Financial Feasibility

· – Creativity

· – Marketing Strength

· – Practicality

· – Social Benefit resulting from it

The top 20 teams to have cleared the first round will be announced on 25^th October 2009 on the Facebook IBAES Page, IBAES Blog, e-mail, IBA portal and the noticeboards on both campuses. Kindly check any of the mediums convenient to you by lunch-time.

IBA will provide sponsorships to its official teams, although, the final policies will be announced once the budget is finalized.

For further information, here are our contact details for you to reach us:

E-mail:                iba_es@yahoogroups.com

Blog:                   https://entrepreneurshipsociety.wordpress.com

Facebook:           http://www.facebook.com/pages/IBA-Entrepreneurship-Society-IBAES/309752460600?ref=mf

For details on YLES ’10 and their requirements, log on to: www.les.org.pk/yles10. The website has sample business plans to assist you in making yours.

Do not hesitate to contact us for any further information.

Best Regards:

IBAES (IBA Entrepreneurship Society)

YLES – Update 2

In a 5-6 minutes presentation, it doesn’t make sense to have more than 2 people present..

It is required that the business plan be presented by only 1 or 2 members of each team