Financial Sports For Fun And Profit

What strikes me the most about sports, games and competitions is the fact that they provide a safer version of “reality” for us to test and improve ourselves in. With this in mind – I propose some new “Urban” sports, that are designed to allow us to improve entrepreneurial and money-handling skills in a safe and low risk environment. I’ve grouped them into rough categories – think of them as “track and field” or the like.

What follows is a rough draft of how I see things working, an outline of the rules for each “event”. I’d appreciate any comments, suggestions or ideas you have for similar games, drop me a line in the comments section.

All monetary figures can be exchanged at any point, to any other currency, at exchange rates set at the beginning of the one month period, using exchange rates from http://www.XE.com. I think the $100 / one month businesses could be great fun, and give the participants fantastic insights into setting up a business. Team entries will be encouraged in all competitions, with some categories benefiting more than others from close teamwork.

Instant Income Generation

Buy Low, Sell High

This subsection is fairly self explanatory – buy something under the budget, and sell it for as much as possible in the time frame of one month.

Stock Pick

Any stock in a designated market, $1000 virtual money buy in at a set time and date, dividends included, winner is the biggest overall gainer at the end of one month.

Thrift Store

Any purchase under $10 from a mandated thrift store, with receipt showing purchase. Winner is the person who can resell the purchase for the most. All sales costs (including money handling) are subtracted from the final closing price. One month time limit.

Conventional stores

Much the same as the thrift store competition: $100 purchase price , but the purchase must be from a conventional store, again with a valid receipt. All sales costs (including money handling) are subtracted from the final closing price. “On Sale” items are allowed. One month time limit.

Dumpster Diving

This one I’m not too sure about – any item found in a dumpster, must be witnessed by a non related third party. Winner is the person who makes the most money via resale at the end of one month. All sales costs (including money handling) are subtracted from the final closing price

Entrepreneurial Flair

$100 dollar Online business

Start an online business with only $100. The winner is the person who can make the largest net profit from the business over a one month timescale. 3 Respect categories for extra challenge: (in respect order: least to most:) Erstwhile Online Entrepreneur, Established Online Entrepreneur and Excellent Online Entrepreneur.

Accounts with as much financial information (receipts etc) to be submitted to corroborate. Business must be limited to online activities only (no shipping / physical product etc).

$100 dollars Freestyle Business (returns on 1 month)

Start an any business with only $100. The winner is the person who can make the largest net profit from the business over a one month timescale. 3 Respect categories for extra challenge: (in respect order: least to most:) Erstwhile Freestyle Entrepreneur, Established Freestyle Entrepreneur and Excellent Freestyle Entrepreneur.

Accounts with as much financial information (receipts etc) to be submitted to corroborate. Business are unrestricted as to what activities to follow, offline and/or online.

Best Business Idea

Panel judged business idea, as explained in 250 words and one diagram. One month time limit.

Penny Pinching Procuration

Mandated Basket Shopping

Purchasing a mandated basket of items for the smallest amount possible. All receipts to be shown, basket will be varied from competition to competition. Anything goes. One month time limit.

Freestyle

Obtaining the biggest percentage reduction on any one item. Receipt to be shown. One month time limit.

Marketing Magic

Highest single item price

Selling a mandated item for the highest price possible, through the wonders of marketing. Item will be selected and supplied by competition organisers at a set price. One month time limit. Documentary evidence to be provided

Volume Sold

The largest number of mandated items sold for a profit. Item will be selected and supplied by competition organisers at a set price. One month time limit. Documentary evidence to be provided.

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