CRITERIA FOR SOCIAL ENTERPRISES BUSINESS (SEB)

For a team to participate in Socially Enterprise Business (SEB) tournament, it should do its best to meet the four judging criteria as closely as possible.

A social enterprise business directly addresses social needs through their products or services or through the numbers of disadvantaged people they employ; they can be legally structured either as nonprofits or as for-profit businesses, but in either case must have a business model that demonstrates the ability to be a going concern through the use of earned revenue, either by achieving profitability or by creating a clear path toward profitability.
Written Annual Report ____ (40 points maximum)
Oral Presentation ____ (40 points maximum)
Q & A Period ____ (20 points maximum)
Total ____ (100 points maximum)

• Teams should bring 40 written annual reports with them to each competition. The written annual report is limited to four pages, including cover page. In addition, teams can have copies of media attention they have received for their projects (e.g., magazine articles, newspaper articles, web pages, etc.). Teams may NOT distribute copies of business plans or letters of commendation. Violation of this rule will result in an automatic 5-point deduction from the total of 40 points available for the written annual report. However, presenters MAY distribute their personal business cards.

Here is a handy summary of the four criteria:
1. Marketplace viability: What is the marketplace viability of the business (e.g., has it achieved profitability through earned income and/or donated income? Or has it defined a believable path toward profitability)? Judges will likely be inclined to favor businesses that demonstrate scalability beyond a local market (e.g., regional, national or international market potential). Market viability is demonstrated by how well a team measures its results. Examples include financial statements to demonstrate profitability, liquidity and risk. Also the Utilization of (1) one or two college mentors and (3) three members of a business advisory board (BAB) must be utilized.

2. Social impact: Has the business demonstrated significant social impact? If the goals are workforce development, job creation and career development for people who are disadvantaged, then the evidence should include demographic information about the numbers of people employed and the types of disadvantages they were facing, the level of wages paid, and other pertinent information. If the goal is to deliver a product or service other than job creation, the evidence could include the numbers of products sold and/or services delivered and any results achieved by the people purchasing the products and/or services. Evidence of impact can include media coverage (e.g., newspaper, TV, radio) and potential market reach (e.g., regional, national, global scale).

3. Environmental stewardship: Has the SAGE team understood the importance of being responsible stewards of the environment in a market economy, either through its products or services, or by its actions in the community?

4. Civic engagement: Has the SAGE team understood the importance of civic engagement in a democratic society, and that each citizen can exercise their freedom by registering to vote and participating in public elections?