By Bethany Peterson/nw news editor
NW Campus business principles students impressed the judges of the campus competition by creating a business that would actually work in the real world.
As part of their course requirements, students do a group project creating a business plan for a given type of business.
One group from each class advances to the campuswide competition to compete for a $100 gift card each to the NW bookstore.
Classmates Nicholas Cogdell, Stacy Weber and Debra Scott, taught by NW adjunct accounting instructor Lourdes Ramboa, created the winning plan.
The judges deemed their business plan realistic and well-researched.
“They did a lot of research about who their competition would be and who their target clients would be,” Ramboa said.
“One of the judges said that maybe they had her in mind when they made this plan because it would be perfect for her.”
The judges said the students created a plan for a business that could actually exist and thrive, Ramboa said.
Even more impressive is that they did such a thorough job so soon in their degree plan, said Julie Russell, NW business programs coordinator and instructor.
“Usually business principles is the very first class students come into [for a business degree],” Russell said.
“By the time students finish, they have thought through every aspect of starting a business.”
She said the competition also benefits students by requiring they make a formal presentation to a panel of judges.
This will help in the future when the students look to get financial backing to start or improve their own businesses.
“You have to be able to prove what you are doing is worthy of getting a loan,” she said.
