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Social Media Site Idea Wins Business Plan Competition

March 16, 2012

Jared Stresen-Reuter, a senior majoring in marketing in Palm Beach Atlantic University’s Rinker School of Business, is the first recipient of a $10,000 prize in the J.J.’s Entrepreneurs business plan competition.

J.J. Prendamano, left, and Ray Titus present a check to PBA student Jared Stresen-Reuter for his first-place business plan in the J.J.'s Entrepreneurs competition. Palm Beach Atlantic University (PBA) is a private, accredited, Christ-centered college located in West Palm Beach, Florida, USA.
J.J. Prendamano, left, and Ray Titus present a check to PBA student Jared Stresen-Reuter for his first-place business plan in the J.J.'s Entrepreneurs competition.

Stresen-Reuter’s winning is idea is for Toodol, a social media web site “that allows its users to post local events telling, explaining and even showing details about that event going on their area,” according to the business plan.

The second-place recipient, freshman Jude Abeler, received $5,000 for Thoughtstream, described as “a structured new millennium journaling technique for today’s thinkers.”

The judges named Tyler Koeller, a junior, as the runner-up for his plan for Around the World Bistro, a culturally rich restaurant.

The United Franchise Group, a $500 million West Palm Beach franchise organization, partnered with the University to create J.J.’s Entrepreneurs, which includes a five-year minimum $75,000 commitment by UFG. It was developed to encourage and teach college students about the benefits of entrepreneurship and owning their own business.

Ray Titus, the CEO of UFG, encouraged each of the winners to continue developing their plans and pursuing sources of funding for them. “This is what growing in the business world is all about,” Titus said.

J.J. Prendamano, the program’s namesake, said that he enjoys mentoring students and invited the students to seek his advice and guidance.

That meant a great deal to Stresen-Reuter, a resident of Naples, Fla. “The money is great, but the partnership with J.J. Prendamano and Ray Titus is worth everything,” he said.

A panel of judges representing members of the business community as well as University faculty and administrators reviewed the plans and chose the winners. The judges were Titus, Predamano, Dale Hedrick, Jim Tatem, Mary Mills, PBA Interim President William M.B. Fleming Jr. and PBA Associate Professor of Business Dr. Ann Langlois.
 

03/2012General News

 

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