Coming Soon - Fall Virtual Business Challenges!
NEW: Virtual Business Challenges are no longer part of the National Awards Program. Students may compete in both a competitive event and Virtual Business Challenges on a national level.
Overview
FBLA members have the opportunity to compete in both the FBLA Virtual Business Personal Finance and the FBLA Virtual Business Management Challenges this Fall. Each track encourages FBLA members to test their skills within its particular Virtual Business environment – individually or as a team of up to 3 members. Individual and team registration begins on Tuesday, October 5, 2021.
- Who: FBLA Members can compete as individuals or in teams of up to three
- Price: Free
- Location: Virtual
- Dates: October 19, 2021, 10:00 a.m. EST - November 12, 2021, 5:00 p.m. EST
- Recognition: Top 10 individuals/teams will be recognized at NLC and prizes are available
Registration
While registration formally opens on October 5th, interested members can register now for announcements and alerts now on the Student Challenges page.
Virtual Business Management Challenge
The FBLA Virtual Business Management Challenge encourages FBLA members to test their skills at managing either a bicycle manufacturing business or a blue jeans manufacturing business. Students will be limited as to which concepts they are able to control during each of the qualifying rounds. What participants control will include various combinations of the following concepts: recruiting/hiring/supervising employees, risk management, organizing floor layouts, bidding on orders and more. For each round, teams will be ranked based on their business' cumulative profit after running the simulation for six virtual months.
Virtual Personal Finance Challenge
The Virtual Business Personal Finance Challenge encourages FBLA members to test their financial literacy skills. Participating teams will be making personal finance decisions for a simulated person. The concepts students will be managing include opening bank accounts, paying bills, filing taxes, applying for jobs, enrolling in educational courses, paying for goods, applying for credit cards, determining schedules, budgeting, and more. For each round, teams will be ranked based their person's net worth after running the simulation for two virtual years.