A proposed business plan to build an affordable, accessible noodle restaurant targeting college students won first place at the recently held Business Plan Competition sponsored by Northern Marianas College and the Commonwealth Development Authority.
The business plan, written and prepared by student Jeane Bracken, earned her a $1,000 scholarship provided by CDA. The competition was held on April 20, 2018.
Bracken is a third-year NMC business management major. Her business plan focused on food options for college students. She observed that due to the location of the college, there were limited restaurant options for students that are both accessible and affordable.
Her business plan was judged using the following criteria: executing a clear, engaging, and concise summary, presentation, documentation, and response to questions.
The judges included Joeten Enterprises manager Bo Palacios, director of CNMI Small Business Development Center Nicole Babauta, and Project Manager of N15 Architects Fred Camacho.
Bracken said the scholarship will help pay for the cost of tuition in her pursuit of a bachelor’s degree. Bracken will be graduating this May with an associate’s degree in accounting and intends to further her education to earn a bachelor’s degree in business management.
When asked what she gained from the experience, she said the competition helped her to see the needs of the island more critically. (PR)