Business plan competition has great value, but to whom? Watch this YouTube video about the business plan competition at UC Davis for a glimpse at the process of creating a business plan. Naturally some of these MBA students are better at presenting their business plan than others. Some win prizes and most don't. But the real value in business plan competition is what the students do with what they learned in grad school, once they get out into the real world. And you can learn from what they've put together. Maybe you'll see your situation more clearly and you'll conclude that if these college kids can do it, make it all up based on a set of manufactured facts, then you can do it when your entire financial life depends on it.
http://www.waynemessick.com/business-strategic-development/big-bang-business-plan-competition-at-uc-davis-graduate-school-of-management
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