OPEN 4 BUSINESS JUDGES SCORING CRITERIA

Business Name: _____________________________________

Total Points ______________ (200 possible – 100 application + 100 business pitch or video) * on the local level and state level - business will give a Shark Tank business pitch, for the regional level a video will be submitted. 

 

Poor-1                         Marginal-2                 Fair-3               Good-4            Excellent-5

 

Business Concept (30 possible)                                                           APPLICATION                  BUSINESS PITCH or VIDEO

  1. Is the business description clear?                                                                __________         ________
  2. Is it clear who the customer is?                                                                    __________        ________
  3. Knowledge of the industry, market?                                                           __________        ________
  4.  Is there a valid market opportunity?                                                          __________         ________
  5.  Ability to execute the business plan?                                                          __________        ________
  6. Likelihood of viability in five years                                                               __________        ________

Comments:                           

 

Budget/Financial Information (20 possible)

  1. Has the business stated how they would use the grant funds?              __________         ________
  2. Has the business clearly identified their 25% cash match?                     __________        ________
  3. Will the proposed improvements provide additional revenue?            __________         ________
  4. Will this investment be used to assist with future business growth?     __________         ________

Comments:

 

Community Impact (20 possible)

  1. How will the business enhance the local Main Street district?               __________         ________
  2. Does the business create/retain jobs?                                                       ________        _______
  3. New customers/community visitors – feet on the street?                      ________        _______
  4. Is the business involved in the local district/community?                       __________        ________

Comments:

 

Competitive Advantage (15 possible)

  1. Is it clear who the competition is?                                                               __________        ________
  2. Has the business established a competitive advantage?                          __________         ________
  3. Demonstrated ability to develop/expand this business?                         __________         ________

Comments:

 

Marketing/Promotion (15 possible)

  1.  Does the business have a marketing plan?                                                 __________         ________
  2. Is the marketing plan realistic & targeted to the right market?              __________         ________
  3. Is the budget adequate for marketing?                                                           __________         ________

Comments: