Competition | Scholars Edge

The Scholars Edge

Business Ownership Experience

Competition Description

The Business Ownership Experience gives 50 top Canadian business students a chance to learn the ins and outs of running a business, while competing against each other. Every student will run a small house painting business and be tasked with recruiting/hiring, project management, profit control, marketing, sales and more.

Throughout the spring and summer, the competitors will be judged by our guest panellists, made up of elite entrepreneurs from Western Canada. Our young business owners will be uploading video logs, obtaining customer reviews, and putting up blog posts. This will enable our panellists to see our students’ progress throughout the six-month experience, beyond the sales numbers.

What Makes Us Different

Scholars Edge provides a unique opportunity for students to experience business ownership without financial risk or requirement for start-up cash. We emphasize training and mentorship and provide the participants with all the executive support, accounting, administrative work and advice they need to be successful.

We obtain the following on behalf of our students:
  • $5 Million in Liability Insurance
  • WCB or Worksafe BC Coverage 
  • Business License
  • Paint Store Account & Line of Credit 

We’ll even send out T4’s to our students’ employees the following year.

Scholars Edge is the only student business ownership program that allows students an opportunity to compete against each other for scholarships, connect with business leaders, and make a lot of money along the way. Most students make at least $20,000 over the 6 months. The top students in 2021 made $75k, $90k, and $110k.

Competition Phases

HIRING
We accept applications between August through to January to begin training in February of the following year.

TRAINING
Kick-off training begins the first week of Feb. Over a weekend, we’ll welcome students to the competition and provide them with instruction and supporting materials to enable them to run their own residential and commercial painting business. We will provide ongoing mentorship throughout the competition, including four days of training. You will not need to miss school to attend any of the training seminars.

THE COMPETITION
The competition begins immediately after our initial kick off training and ends in the beginning of September. Final results will be announced on our website one week later.

IMPORTANT DATES
1 September-January Hiring
2 Early February Complete candidates list live on our website
3 Early Feb Orientation and training weekend
4 Immediately after training Competition begins
5 March 2020 Production & Profitability Training
6 April Hands-on Production Training
7 June Dean's List Mid-term reports issued
8 First week of September Final week of competition
9 Weekend before Labour Day Awards Dinner
10 Labour Day Official announcement of winners & results
11 October Dean’s List trip

Features

The executive support doesn’t end after the Kick-Off training weekend. Our young business owners get full-time support from the Scholars Edge team executives throughout the spring and summer. We are here to help you succeed.

What do we provide?
  • A business start-up kit and business manuals
  • Full time mentorship both in the field and via phone
  • 25+ years of proven systems and best practices
  • Access to Scholars Edge Edgemanager, our full scope management software
  • Liability Insurance
  • Workers Comp / Worksafe BC Coverage
  • Business License
  • Paint Store Account & Line of Credit
  • Student social events to meet and share your stories
Our students will be competing for the following:
  • Inclusion on The Dean’s List– the top 10 leaderboard, updated bi-weekly
  • Scholarship Money (1st Prize $3,000, 2nd Prize $2,000, 3rd Prize $1,000)
  • Year End All-Inclusive Trip for Top 10 Dean’s List finalists
  • Business Experience Tour with a panelist
  • Student Year End Awards

Experience & Learning

The Scholars Edge Business Ownership Experience is like no other program in Western Canada. This is hands-on business ownership 101 for young business owners, with a lot of other opportunities. We provide our students with exceptional training and and mentorship so they feel supported throughout the entire process. The essence of our program is to take students with minimal experience, and watch them evolve through our supported business challenge into Canada’s brightest young business people.

Students will learn:
  • Lead Generation
  • Sales
  • Marketing
  • Human Resources
  • Cost Control
  • Project Management
  • Profitability
  • Client Management
  • Time Management

The valuable skills that our student entrepreneurs gain throughout our program will set them up for best practices in their professional lives beyond the competition, as well as ignite personal growth. The friendships they make will stay with them long after the excitement of the competition fades.

How It Works

1

Be a student Attending a post-secondary university or college.

2

Apply to join the competition Complete the application form & we’ll be in touch

3

Start your business Get your training, lay down a business plan & find customers

4

Compete to be on top Do great work, post bi-weekly vlogs, invite your clients to rate you

How It Works

1

Be a student Attending a post-secondary university or college.

2

Apply to join the competition Complete the application form & we’ll be in touch

3

Start your business Get your training, lay down a business plan & find customers

4

Compete to be on top Do great work, post bi-weekly vlogs, invite your clients to rate you

Rewards & Recognition

Scholarships

Our top 3 students will cash in.

We’ll be rewarding your hard work with hard cash. 1st place - $3,000, 2nd place - $2,000, 3rd place - $1,000.

Find Out More

Mentorships

Learn from spending time with the best.

Win a Business Experience with your chosen panelist.

Find Out More

Year-end Trip

The real fun begins after the competition.

Make the final Dean’s List and you’re on your way to an all-inclusive trip for a week of sun and fun. You’ve earned it.

Find Out More

DO YOU HAVE WHAT IT TAKES TO BE AT THE TOP OF OUR CLASS?

ONLY 35 POSITIONS LEFT.

APPLY NOW