Jan. 17, 2012 COPY BY: Jean Walker, 806-651-2515, firstname.lastname@example.org
Coffey Wins Moses Business Plan Competition at WTAMU
CANYON, Texas—Ashley Coffey, a general business major from Amarillo, is the winner of the first Moses Business Plan Competition sponsored by Students in Free Enterprise (SIFE) at West Texas A&M University.
Harold Moses, who graduated from WTAMU in 1994 with a B.B.A. in accounting, funded the $1,000 grand prize for the competition. As a real estate investor, Moses became convinced that entrepreneurs with business ideas needed a better understanding of how to package those ideas in a formal business plan before approaching a lender or investor. He proposed to fund a competition that would include instruction on business plans and engaged the WTAMU SIFE team to conduct the competition.
Before submitting a business plan to the competition, each competitor was required to attend seminar sessions on writing a business plan. The sessions were taught by David Terry, executive director of the WTAMU Enterprise Center.
Coffey, who plans to teach high school business, entered a plan for Exotic Bites Café. Coffey, who has food service experience as an employee of Hasting’s Hardback Café, said, “Owning my own restaurant is a long-term goal. For now, I will be able to pass the skills I learned on to my high school students.”
First runner-up and winner of a $300 prize was Adrianna Brooks, an international business major from Amarillo, and second runner-up and winner of a $200 prize was Allison Blanchard, a business management major from Amarillo.
Others finalists from a field of 29 entries were Keri Cornelison, a general business major from Oceanside, Cali.; Monte Shew, computer information and decision management major from Abernathy; Erin Stodghill, a business management major from Wink; and Trent Trahern, an economics major from Sunray.
Judges for the final round of competition were Harold Moses; Paul Engler, founder and chairman emeritus of Cactus Feeders; David Wilder, P & E Leasing, Inc.; Jeff Reid, associate director, WTAMU Enterprise Center; and Dr. James K. Owens, head of the Department of Accounting, Economics and Finance, WTAMU.