First Ascent-Business Traction

This event is all about traction, the actions you have taken to validate your business idea.

The panel of judges want to know what actions you have taken to help solve a problem, develop a solution, and launch a business.

The judging panel will determine two outstanding presentations, 1st ($3,000) and 2nd ($2,000) place.

Details

Date

November 15, 2018

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Time

3:00 pm – 6:30-7:00pm – food afterward during announcements (Central)

Location

Quilt Museum, Upper Level Conference Room

About the Event

This event is all about traction, the actions you have taken to validate your business idea.

The panel of judges want to know what actions you have taken to help solve a problem, develop a solution, and launch a business.

Examples would be:

  • You have identified a problem that fits your purpose (you are excited to solve this problem)
  • You have conducted Customer Discovery (interviews with early adopters)
  • You have put together an MVP (Minimum Viable Product)
  • You have tested the product against early adopters (some form of co-creation)
  • You have Prototype testing
  • You have secured partnerships
  • You have identified and interviewed competitors
  • You have conducted a break-even analysis
  • You have identified funding opportunities and/or secured funding.
  • You have created a business plan
  • You have early revenue/sales
  • You have established a business formation – (LLC, Sole Proprietor, Sub-Chapter S)
  • You have launched a business

These are just some examples, and you may have some or all of them. There are many more that would qualify for this competition. 

 

The day of the event:

All participants will meet and be present during all the presentations. Please dress in business casual.

One member of your team will have 10 minutes (timed) to present your traction and to receive feedback from the 3-4 judge panel. You are welcome to bring note cards to guide you through your presentation, however, no other props (power points, computers, graphs, paperwork).

Please leave time in your presentation for judges to ask questions and to give feedback. We suggest having at least 6 minutes’ worth of presentation and allow 4 minutes for judge feedback.

We suggest bringing a notepad to write any comments the judges have that will help you develop your business idea. You are also welcome to voice record the presentation.

Prizes

The judging panel will determine two outstanding presentations, 1st ($3,000) and 2nd ($2,000) place.

We will announce the winners during the dinner portion of this event.

Echo Bell

Echo Bell

Lincoln's CFO on the Go, Bell Solutions

Expertise: Financial strategy

Tullen Mabbutt

Tullen Mabbutt

Business Banking Advocate

Aaron Rerucha

Aaron Rerucha

CEO Oxbows Furniture

I am currently owner of Oxbows Furniture located out of Bellwood Nebraska. My small business started out as a landscaping company that then used its exit strategy to get into the furniture market and have been enjoying our time in the furniture industry ever since. I graduated from the University of Nebraska at Lincoln with a degree in landscape design and Horticulture and a minor and Entrepreneurship. I was awarded the winner of the first-ever Engler entrepreneurial business plan competition. I am married and have a 13 month old baby girl named Georgia and another baby on the way.