GSC News

GSC Places Two Teams In Business Plan Competition Finals

FOR IMMEDIATE RELEASE: January 31, 2013

For more information:
Bob Edwards
Public Relations Department
Glenville State College
(304) 462-6390
Bob.edwards@glenville.edu

Glenville, WV— A record number of one-hundred and forty-one business plans from eleven colleges and universities from around the state were submitted for the 7th annual West Virginia Statewide Collegiate Business Plan Competition (WVSCBPC). The field has now been narrowed to ten finalists, five in the Life Styles & Innovation category and five in the Hospitality & Tourism category. A team of two Glenville State College students have been selected as finalists in each category.

Racheal Fetty and Caleb Greathouse make their elevator pitch to the judges at the semi-finals.

Racheal Fetty and Caleb Greathouse make their elevator pitch to the judges at the semi-finals.

GSC seniors Racheal Fetty and Caleb Greathouse were selected as finalists in the Life Styles & Innovation category for their business plan for ‘EZ Reader.’  “We were very excited to find out that we had been selected for the finals! We felt that our semi-final presentation went well and that many of the judges were really invested in our idea. Caleb and I were the only ones with a tangible product that we could show the judges, and I think that was a huge advantage for us,” said Fetty. Fetty is an Accounting and Business Management major and Greathouse is an Accounting and Computer Information Systems major. The couple is from Spencer (Roane County), West Virginia. ‘EZ Reader” is a device that Fetty and Greathouse designed to read the paper audit of electronic voting machines. The first model of ‘EZ Reader’ has already been manufactured and tested. After the semi-final round of the competition, judges ranked ‘EZ Reader’ in the top spot among the five finalists in the Life Styles & Innovation category. “The support and training that we receive from Professors Echard and McKinney is outstanding. After talking with the other competitors, none of them received as much assistance as we did from the GSC Department of Business,” said Fetty. Greathouse is the son of Bob and Sue Greathouse of Spencer. Fetty is the daughter of Steve Fetty and Barb Fetty of Spencer.

The team of GSC seniors Josh Ramsey and Preston Veal were chosen as finalists in the Hospitality & Tourism Category for their business plan for ‘Delivery 2U’ a simple delivery service that will focus on providing delivery service for restaurants in the Glenville area. Ramsey is majoring in Resort Area Management, Business Management, and Computer Information Systems.  He is from Gassaway (Braxton County), West Virginia but now lives in Glenville (Gilmer County), West Virginia. “We were thrilled to hear that we made the finals. We were pretty confident about our chance after the semi-finals, but there was some stiff competition so you just didn’t know how it would turn out. Our business plan is based on other successful businesses so I think we have a great chance to be successful as well,” said Ramsey. Veal is majoring in Business Management, Resort Area Management, Sport Management, and has a minor in Non-Profit Leadership. He is from Weirton (Hancock County), West Virginia. ‘Delivery 2U’ is a simple delivery service that will focus on providing delivery service for restaurants in the Glenville area. The entrepreneurs have already filed for a business license and hope to begin operations during the spring 2013 semester. Veal is the son of Ronald and Deborah Veal of Weirton. Ramsey is the son of Michelle Goodrich of Glenville and James Ramsey of Frametown (Braxton County), West Virginia.

Professor Cinda Echard poses with Josh Ramsey and Preston Veal after their semi-final presentation.

Professor Cinda Echard poses with Josh Ramsey and Preston Veal after their semi-final presentation.

All finalists will attend a two-day workshop on February 1st and 2nd  in Morgantown, West Virginia with financial, legal, marketing, and communication professionals who will provide contestants with comprehensive information about the process of starting a business.

“This intense weekend workshop features guest speakers, seminars on business plan preparation, and past winners sharing their tips and tools. In addition, our GSC teams return to a very close-knit group of six past GSC finalist teams, from Dirt Cheap Compost to Prison Literacy, ready to share their unique familiarity with the competition. Actually, these past teams begin reaching out as soon as they know who is entering the competition,” said Cinda Echard, GSC Associate Professor of Vocational Business. Echard serves on the Statewide Oversight Committee for the WVSCBPC.

Each finalist has been appointed a business coach that will help them prepare for the finals including the completion of a twenty page detailed business plan that is due on March 18th. Finalists have received a $1,000 stipend to help with the preparation of their business plan for the finals.

The WVSCBPC is hosted by West Virginia University’s Entrepreneurship Center in the College of Business and Economics. The competition affords college students around the state the unique opportunity to make a business idea come to life with the support of state institutions of higher education and seasoned business professionals from around the country.

The 2013 WVSCBPC finals will take place at West Virginia University Alumni Center on Friday and Saturday, April 5th and 6th. The winners in each category will be awarded $10,000 to help start their business venture as well as accounting, legal, and office space assistance.

The two GSC teams become the 7th and 8th GSC student business plans to be selected as a WVSCBPC finalist. For the first time, GSC will have two opportunities to crown its first WVSCBPC winner.

Visit http://www.be.wvu.edu/bpc for more information about the West Virginia Statewide Collegiate Business Plan Competition.

This entry was posted in Academics, Faculty and Staff, Students. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.
  • Categories

  • Archives