Ouachita Baptist student reaches final round of Collegiate Business Plan Competition | Colleges & Universities

Ouachita Baptist University student Hannah Martin, a senior psychology major from Conway, competed in the last round of the 2022 Arkansas Governor’s Cup Collegiate Enterprise Prepare Competitiveness.

The Governor’s Cup is introduced by Arkansas Cash Company, a private, nonprofit unique undertaking finance corporation based in Small Rock.

Martin entered the Winrock Automotive Modest Small business Division with her more youthful sister, Tabitha Martin, a junior company administration main at Central Baptist College. Jointly, they devised a approach for a health club known as Limitless Exercise.

“Limitless Exercise is a present day, smart-tech, gals-only gym concentrated on the minds and bodies of our customers,” Martin explained. “We offer you not only a harmless house for females to get the job done out and be active, but also a wide range of solutions to motivate, guidance and motivate all ladies associated in our company.”

The Martins’ business enterprise program focuses on generating an institution that empowers ladies to operate out in any approach they select and sense relaxed while performing so.

“Our organization program is not significantly an idea that has never ever been imagined of,” said Martin. “There is clearly a large need for girls-only fitness centers, but no 1 has long gone by way of with it. Ours is an open-health and fitness center facility that will allow women of all ages to workout any way they would like.”

According to the 2022 Governor’s Cup Opposition tutorial, the software was introduced in 2001 to allow faculty pupils the opportunity to acquire authentic-planet expertise via the problem of organizing and proposing a feasible business whilst exploring the prospects and means offered to them in Arkansas to assistance them commence, improve and sustain it.

The Governor’s Cup consists of a few rounds, two of them held just about. The initial-round phone calls for teams to post a showcase movie and a created organization prepare. Judges then select six teams from each division—Small Business enterprise/Lifestyle and Superior Expansion/Technology—to progress. In the next spherical, teams post a revised business system based mostly on the judges’ suggestions from spherical a single and give an oral presentation.

Judges then opt for the leading 3 winners in each individual division. The final spherical contains a 90-second pitch at the awards luncheon, and the audience decides the winners for both equally divisions.

“It was really remarkable to see our idea place onto paper,” claimed Martin. “It was quite nerve-racking to harmony get the job done toward this level of competition and schoolwork. It was also tough only being a two-member staff, but we built it get the job done. I genuinely have figured out how to set my information of enterprise into action.”

The winnings for the Tiny Business/Life-style division are $5,000 for 3rd area, $10,000 for 2nd location and $15,000 for very first.

“We did not area in the prime a few in the competitiveness,” said Martin. “However, it was a phenomenal expertise feeling the help of all people we encountered at the competitiveness that week. It confirmed us that we can seriously make this dream come genuine and have loads of people’s guidance even though executing so.”

3 Ouachita teams from the Hickingbotham University of Business enterprise skilled for the initial round of the Governor’s Cup Levels of competition by positioning in the annual Ouachita Small business Plan Levels of competition in November.