5.2: The Importance of Knowing Your Numbers

Doing your research and having a thorough understanding of relevant numbers and statistics is important to persuading your audience.

Learning Objectives:

  • Develop an understanding of what types of statistics, facts, and numbers will be important in an entrepreneurship competition.

Part 5.2 Task List:

  1. Watch the video above to learn more about the importance of knowing your numbers.
  2. Explore the materials tab for extra resources.
  3. Complete the first tab of the Competition Finance Spreadsheets and submit the lesson Checkpoint.
  4. After completing the three tasks above, you are ready to move on to the Next Topic.

Watch the video above to hear from our experts about how important it is to know your numbers in both competition and commercial space. 

Additional Resources:


  • ☄️ Competition Finance Spreadsheet Downloadable
  • Use the link above to access the Competition Finance Spreadsheet. This will be your outline for your competition finances for your business idea.
  • Watch this video on how to save your own copy and complete the first tab of the spreadsheet.
  • Then, submit a PDF of your spreadsheet using the assignment upload below.