A business plan competition? What? (Week 1 Blog Entry) – Ricky Yu


Before my junior year, I didn’t really have much interest in the world of business. The only thing I really knew about it was that my dad was a businessman and he had so many things he had to take care of and it was an incredibly difficult job to own a business. That’s why I did not really want to study it much or go deeper into it, knowing that it will only lead to a series of headaches about if I, or my company, made profits or not.

However, that all changed with a class in the first semester of my Junior Year called Business and Society. In the class, we learned about the infinite potentials of business as the most powerful vehicle in the world to drive social change. Social entrepreneurship really caught my interest, and my entire ideology behind business changed. I now knew that business was not just a means of making money, but also could be, at will, an incredible driver of ethical choice making.

This is when I started to think about doing an independent seminar. I knew I wanted to do something in the field of social entrepreneurship, but was not sure of what exactly I wanted to do, until I remembered the business plan competition I participated in the summer of 2015. It was a competition called the Business Black Box, BBB for short, and it was basically groups of teenagers creating a business powerpoint proposal for a different company invited every year.

I intend to adapt this a little bit more to the surroundings of Westtown. First of all, I wanted to name my competition FUTURE, as I believe that social entrepreneurship is the key to a sustainable future. Also, I decided that, with the complicated logistics and the limited power that a highschool student holds, it would be easier for me to host a business plan competition that invited all schools within the area using mass social media advertisement.

However, just wanting to hold a social business plan competition was not enough for an independent seminar. I figured that in order to really dive into the vast sea of social entrepreneurship, I had to learn the basics of business and corporate management. This is why I also decided to take the series of online lectures from Wharton school of business  on corporate finance and accounting, which the session actually begins today, and I am more than excited to see what kind of journey this would embark me on.

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1 thought on “A business plan competition? What? (Week 1 Blog Entry) – Ricky Yu

  1. dexcoengilbert

    The business competition sounds awesome! I can’t wait to see some of the ideas people come up with as I’m sure there will be some that are amazing and powerful.


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