One thousand dollars is on the line for Snow Students in a business competition called Opportunity Quest. But this tense competition is not about the money. It’s about doing what they love.
“My business is a fun time doing what I like to do.” Said Broc Oggan, a Snow Freshman who is already earning money from his own business. “I choose what I do, so I do what I like. I get a sense of fulfillment from it and it recharges me. Plus, I’m making some money and helping myself out.”
Not wanting an orthodox job, many students have an “entrepreneurial spirit:” they dream of creating and managing their own jobs.
Jamison King is one such student, who said, “I’ve had lots of jobs working 8:00 to 5:00, or 8:00 to 6:00, which is great because I like money. But if I’m an entrepreneur then I can be in charge of my own schedule and devote more time to family and other things I care about.”
Scheming things like universal batteries, collapsable frying pans, online crushed ice sales, and personality assessment programs, participants in Opportunity Quest now have the opportunity to put their ideas against each other to see who will come out on top.
Opportunity Quest is a three round competition:
Round one was held on November 8th: students turned in their entry form and a digital copy of their “executive summary,” a concise paper that documents the problem they will solve, and their target market, sales strategy and business financing.
On November 15, contestants had one minute to sell their business idea, and one minute to answer questions from a panel of judges. Or,they can submit a two minute video to give a concise presentation on their business.
Round three was the final presentation: teams were advanced to give a ten minute presentation, with three minutes to answer questions from the judges, faculty and students who are present.
The final round was held at Snow Convocations on November 17th for the entire student body to see. An awards dinner, where the winner will be announced, will be held on November 21.