2021 business plan contest open to local entrepreneurs in San Angelo

2021 business plan contest open to local entrepreneurs in San Angelo

Phase 1: News Overview *Due by 5 p.m. Aug. 2Phase 2: Draft News Plan *Due by 5 p.m. Oct. 11Phase 3: Final News Plan and Presentation *Due by 5 p.m. Nov. 8 The business competition will be conducted in three phases: The finalists selected will submit a final business plan, along with a presentation in front of a panel of judges. Winners will be announced on November 17, 2021.

A business plan is a comprehensive document that illustrates details on a specific business idea. In your business plan, you should convey the vision of the market and what opportunities could result from it. Also, a business plan serves as the initial foundation of the proposed business. In addition, having a layout of your reasoned business will help it come together as a whole. ⦁ First place: $40,000⦁ Second place: $20,000⦁ Third place: $10,000

Angelo State University’s Small News Development Center (SBDC) and ASU Norris-Vincent College of News students are thrilled to help anyone who needs assistance with their drafting business plans. Prizes are listed below for the following placement in the competiton:

Source www.conchovalleyhomepage.com

The winners may also recieve kind rewards and become eligible to apply for the News Factory incubator program. The cash prizes are being funded by the City of San Angelo Development Corporation (COSADC), which administers the half-cent sales tax for economic development. More information can be found by visiting angelo.edu/business-plan-competition or the SBDC offices in the News Resource Center, 69 N. Chadbourne St., calling the SBDC at 325-942-2098 or emailing nora.nevarez@cosatx.us  for further questions.

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