Period 1 (August 2024 - October 2024)
Cutoff for the period is October 31, 2024
Maximum Points for the Period = 5Â
List of Round 1 distinguished firms to be published mid-November 2024
- Submit the Business Registration Form.
- Submit the elevator pitch through the Competitions Manager
- Submit the firm’s social media handle to the firm directory in Marketplace Tools
- Submit and receive approval of loan application and angel investors through the Small Business Loan or Equity Investment applications
- Submit a lease agreement to the Lease Agreement Form signed by a school administrator
Period 2 (November 2024 - December 2024)
Cutoff for the period is December 31, 2024
Maximum Points for the Period = 15
List of Round 2 distinguished firms to be published mid-January 2025
- Register for an online trade show or live trade show on Marketplace Tools
- Submit the company branding kit through the Competitions Manager
- Submit an Executive Summary through the Competitions Manager
- Submit payroll to employees through the Firm Bank Account
- Submit payment to VE Realty (Account #630907080) through the Firm Bank Account or notify RD of rent payment to a VE firm
- Submit payment to VE Utilities (Account #630907072) through the Firm Bank Account or notify RD of utilities payment to a VE firm
- Student purchase product/service from another firm through their Personal Student Bank Account
- Submit screenshot of QuickBooks bank account setup to the QBO Account Setup Form
- Submit the 941 Withholding Payroll Tax Form
- Submit 941 Remittance payment to VE Payroll Tax (Account #630907102) through the Firm Bank Account
- Submit to the Risk Management Plan Submission Form
- Submit to the Corporate Social Responsibility Policy Form
- Purchase merchandise order on the Wholesale Marketplace and submit payment to VE Wholesale Marketplace (Account #630907145) through the Firm Bank Account
- Submit insurance payment to VE Business Insurance (Account #630907153) or VE Workers Compensation (Account #630907153) through the Firm Bank Account or notify RD of insurance payment to a VE firm
- Submit a screenshot your #veinternational post on social media with the signature of the facilitator to the VE International Evidence Form
Period 3 (January 2025 - February 2025)
Cutoff for the period is February 28, 2025
Maximum Points for the Period = 16
List of Round 3 distinguished firms to be published mid-March 2025
- Participated in at least one trade show (Regional or National in Jan/Feb)
- Submitted the Board of Directors Quarterly Report for Q3 (from Nov to Jan)
- Participated in a local or regional qualifying round of the Business Plan Competition
- Participated in a local or regional round of the FIN, HR, or MRK competitions
- Participated in the National E-Commerce Website Competition
- Participated in the National Video Commercial Competition
- Processed at least one Payroll (Jan/Feb)
- Processed at least one Rent payment (Jan/Feb)
- Processed at least one Utilities payment (Jan/Feb)
- Proof of sales made by the firm to individuals or other VE businesses
- Evidence of student transactions (purchases made from student accounts in Jan/Feb with 80% of the students making at least one transaction)
- Submitted the 941 Withholding Payroll Tax Form (Jan/Feb)
- Processed the 941 Remittance payment (Jan/Feb)
- Submitted the Sales Tax Form (Jan/Feb)
- Submitted the Sales Tax Payment (Jan/Feb)
- Evidence of firm website creation on Marketplace Tools
Period 4 (March 2025 - April 2025)
Cutoff for the period is April 30, 2025
Maximum Points for the Period = 19
List of Excellence firms (Gold, Silver, and Bronze circles) to be published mid-May 2025
- Participated in at least one trade show (Regional or National in Mar/Apr)
- Submitted a written business plan*
- Qualified for the National Business Plan Competition (NBPC)
- Received Top 20 Recognition for the NBPC
- Qualified for the National Marketing Competition
- Qualified for the National Human Resources Competition
- Qualified for the National Finance Competition
- Processed at least one Payroll (Mar/Apr)
- Processed at least one Rent payment (Mar/Apr)
- Processed at least one Utilities payment (Mar/Apr)
- Proof of sales made by the firm to individuals or other VE businesses
- Evidence of student transactions (purchases made in Mar/Apr with 80% of the students making at least one transaction)
Submitted the 941 Withholding Payroll Tax Form (Mar/Apr) - Processed the 941 Remittance payment (Mar/Apr)
- Submitted the Sales Tax Form (Mar/Apr)
- Submitted the Sales Tax Payment (Mar/Apr)
- Used TurboTax to file 1040 Income Tax Form
- Completed at least one international transaction (incoming only)
Period 5 (May 2025)
Cutoff for the period is May 31, 2025
Maximum Points for the Period = 6
Final list of Excellence firms (Gold, Silver, and Bronze circles) to be published mid-June 2025
- Submitted a completed Annual Report*
- Submitted the 1120 Corporate Tax Form
- Participated in the National Company Newsletter Competition
- Submitted End of Year Survey
- Created an Additional Student Bank Account (at least 50% of the class)
Bonus Points (August 2024 - May 2025)
Points may be submitted from August 2024 – May 2025 but may not be reflected until May 2025. Cutoff for bonus points is May 31, 2025.
Maximum Bonus Points = 3
Final list of Excellence firms (Gold, Silver, and Bronze circles) to be published mid-June 2025
- Evidence of a mentor in the classroom (live or video)
- Hosted an event (fundraising, mini trade show, showcase, etc.)
- Completed Pre and Post Survey Averages