SAN ANGELO, TX – The seventh once-a-year San Angelo Business enterprise Prepare Opposition kicks off right now. The competition is open up to any one wanting to acquire a new enterprise or develop an existing enterprise in San Angelo, but contestants have to have an current business enterprise that is beyond the concept phase.
Winners will get cash prizes ranging from $10,000 to the grand prize of $40,000.
- Initially place: $40,000
- 2nd spot: $20,000
- Third location: $10,000
A company approach is a complete doc that supplies an structured see of a distinct enterprise thought. Options must mirror a vision of a market chance and serve as a blueprint for the progress of the proposed business. The opposition is an chance for business people to establish viable small business designs that will start out or expand their business enterprise.
Advisers from Angelo Condition University’s Little Enterprise Growth Heart (SBDC) and college students from the ASU Norris-Vincent Faculty of Business enterprise will be readily available to aid contestants in drafting options.
The competition will be conducted in three phases:
- Section 1: Online entry kind and business overview *Owing by 5 p.m. Aug. 8.
- Period 2: Draft enterprise prepare *Owing by 5 p.m. Oct. 10.
- Section 3: Closing company approach *Due by 5 p.m. Nov. 7.
All those chosen as finalists will submit a remaining small business prepare and current in particular person to panel of judges. Winners will be introduced Nov. 16.
Much more information can be observed by viewing cosatx.us/bizplan or the SBDC offices in the Business enterprise Useful resource Middle, 69 N. Chadbourne St., calling the SBDC at 325-942-2098 or emailing [email protected]
Winners may perhaps also get in-variety benefits and obtain eligibility to utilize for the Organization Manufacturing unit incubator application. The cash prizes are becoming funded by the Town of San Angelo Progress Corporation (COSADC), which administers the 50 %-cent product sales tax for economic development.
The level of competition is coordinated by the SBDC, COSADC and ASU’s Norris-Vincent School of Enterprise.