Business plan

Students win national business plan competitions

Five groups of high school students from different provinces among 25 cities and provinces in Cambodia won the competition in the final round of the National Business for Youth 2022 organized by the Ministry of Education, Youth and Sports (MoEYS) in cooperation with the International Labor Organization (ILO), according to a MoEYS press release obtained by Khmer time yesterday.

The business plan competition was held with the financial support of the public company Khmer Enterprise, Decent Employment for Youth (DEY), the Swiss Agency for Development and Cooperation (SDC), the Agency United States for International Development (USAID) and PACT Cambodia, Japanese government, Smart Axiata, Wing Bank and Pizza Company.

The number 1 of the group is from Hun Sen Cham Yeam High School in Koh Kong province for the processed coconut shell business plan, the number 2 from Neth Yorng High School in Battambang province for the transformation of the plan Water Hyacinth Business Plan, Peam Chaing High School No. 3 in Tboung Khmum Province for Campot Enterprise Business Plan, according to the press release.

The number group came from Hun Sen Phnom Sruoch High School in Kampong Speu province for my dish soap business plan, while number 5 came from Hun Sen Sereypheap High School in Kandal province for the dish soap business plan. case of processed scarves, according to the press release.

Chann Shouly, national coordinator of the ILO project, said Khmer time Friday that each member of group number 1 received a certificate, a gold medal, a trophy and $150 in cash, group number 2 received a certificate, a silver medal and $125 in cash, group number 3 received a certificate, a bronze medal, and $100 in cash, while each member of numbers 4 and 5 in the group received a certificate and $75 in cash.

Shouly added that the 10 groups that made it through the semi-final competitions received $100 each to cover their costs of raw materials and tools to produce the sample products based on their business plans that they have. showcased in competitions that can provide them with options in their future careers and soft skills such as teamwork, presentation skills and more.

“This means that after knowing and understanding how to prepare a business plan, they will have to start their business immediately because they are still high school students. So our program just aims to give them more options when they graduate from high school, whether it’s working for others or becoming an entrepreneur who can use the knowledge they come from. to receive from the program,” she said.

Before winning the competition, all the champions had been trained by national, municipal and provincial coaches in the 25 cities and provinces to compete in the semi-finals before obtaining internships with private enterprise coaches and preparing samples products and then compete with each other in the program finale at Cambodia Entrepreneurship on September 21.

Through these processes, 4,887 students, including 2,890 women, participated in the competition and proceeded using an activity-based learning approach and learning materials titled “Ready for Business” which includes the establishment of a vision, choosing business ideas, understanding markets and business plans.

Out of 827 business plans that were drawn up by participating students, ten business plans were selected to compete in the final on September 21, 2022 on the occasion of the 5th anniversary of Cambodian Entrepreneurs Day under the theme “ Ready for Business”. Finally, five groups of students were selected as champions.

During the anniversary day, ten young people – 15-22 years old from different high schools and universities – also took part in a debate on the inclusion of entrepreneurship in the education system, which is an opportunity for them to share of their concerns and challenges regarding inclusion based on their survey of 82 high school and college students.

  • Key words: National company for young people, students

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