Planning to start a small business? Take every bit of advice you can get — you don’t have to use it — just have it all standing by as resource material. And a great place for resource material is an Enterprise Center. Does your community have one? We do in Essex County, MA at Salem State University.
Not only does an Enterprise Center offer seminars and inform you of useful business programs, it brings in guest speakers — and ours even “puts its money where its mouth is” by way of a North of Boston Business Plan Competition.
Doesn’t matter whether it is just a business idea, or your company is already up & running (less than three years old or an established business with a new strategic direction). As long as you are located on the North Shore, consider entering this annual competition.
- Cash prizes – $10,000 for first place! Second place, $5,000. Third place, $3,000
- Advice – Valuable feedback and suggestions. Judges are experienced entrepreneurs, business owners and leaders and capital investors.
- Focus – Entering the BPC can provide the discipline and focus you need to develop and fine-tune a winning business strategy.
Participants submit a 5-part application that is reviewed by an expert judging panel and evaluated according to established criteria. Six semi-finalists are selected to present their plan in person to the judges. Three finalists go on to present their plan publicly at a grand finale at which the judges determine the first, second and third place winners.
All participants receive written comments on their submission; the semi-finalists and finalists have the option of working with a presentation coach to fine-tune their plan for the judges.
Competition deadline is 2/24/16.
But — and this is an excellent helping hand by the Enterprise Center — on Dec. 4th from 8-10am there will be a FREE How to Write a Competition-Level Business Plan introduction session. You are not just floating in the wind for this competition. Sponsored by the MA Small Business Development Center and co-sponsored by the North Shore Alliance for Economic Development, there will be tips on what’s involved in preparing the components of your application.
Bring your questions too because — yes this gets better — the Enterprise Center will provide a real pro for individual coaching: Margaret Somer, Former Regional Director, MA Small Business Development Center Network.
Need more incentive to sign up right now? Read her bio. She’s been in economic & development, a fund manager, operated home-based businesses, been a consultant and has exhibited a strong record of participation in the development of new business products and programs, community development initiatives, and public affairs and government relations.
You can’t put a price on the guidance you will receive at the How to Write a Competition-Level Business Plan introduction session. To register click here.
The Enterprise Center at Salem State University is located at 121 Loring Ave in Salem, MA. For more info call 978-542-7528 or email Lorie Skolski at email@example.com