Posted on Thursday, May 3, 2007
Cortney D. Fry, a junior with a double major in accounting and music from Smithville, Ohio, won the 2007 David W. Edward Entrepreneurship Scholarship Competition, presented by the ¾¨Ó㴫ý Department of Economics and Business.
The competition is open to ¾¨Ó㴫ý students with at least 16 accounting, business, or economics credit hours accumulated by the end of the previous fall term and who will graduate from ¾¨Ó㴫ý sometime after the upcoming summer term. The competition requires students to prepare and present a business plan depicting the creation of a new or substantially improved business, product, or service, or some combination of those three.
Fry's business plan detailed the start up of a unique sports bar in Wooster, Ohio. The business plan concept included the complete redesign and furnishing of a strategically located, existing facility. Her plan presented a well-documented market analysis of both the target customer base and the competitors, as well as addressed the growth and changes occurring in the bar/restaurant business. Her plan summarized her business expectation with a financial projection covering the next three years. Fry, and the other competition finalists, presented their plans to a panel of judges April 25.
Other winners in the scholarship competition were Matthew D. Dangel, a sophomore double major in accounting and business administration from Saegertown, winning second place with a business plan for a manufacturer of wood home heating fuel and related products. Ashley L. Carnahan, a sophomore business administration major from Greensburg, won third place with a business plan for a contemporary bowling alley geared primarily towards youth bowling.
Contact David Smith, ¾¨Ó㴫ý assistant professor of accounting, at (724) 946-7161 or e-mail smithdc@westminster.edu for more information.
