2021 San Angelo Business Plan Competition

Any individual or a multi-person team (not exceed 4 individuals) is welcome to enter the competition as a contestant if they meet the following eligibility requirements. In phase I, contestants must submit the entry form and an original two-page business overview for the start or expansion of their business. If selected, contestants will move forward as semi-finalists and create a draft business plan in phase II.

Contestants must have a startup or existing business that is beyond the concept stage, is legally formed at the county level (ex. Assumed Name filing for sole proprietor, general partnerships) or at the state level (ex. LLC, Corp, S Corp, etc.) and incurring business costs at the time of entry in the competition. Contestants must also be committed to job creation and economic development in San Angelo. Businesses must be in San Angelo or its ETJ to be eligible for an award. Awards winners must keep their business in San Angelo for the period indicated in the grant agreement.

The Competition Officials reserve the right to cancel the competition at any point if, at the sole discretion of the Competition Officials, there is insufficient quality or quantity of business overviews or business plans to proceed. Their determination will be final. View the complete competition guidelines for more information.

In brief, a business plan is a comprehensive document that provides an organized view of a business idea or business expansion. A business plan should reflect the vision of a market opportunity and serve as a blueprint for the future development of the business and includes various elements.

One-on-one assistance in preparing a Business Overview and Business Plan is available by contacting the ASU Small Business Development Center at 325-942-2098 or email sbdc@angelo.edu. SBDC certified business advisors will work with contestants on developing their Business Overview and Business Plan. A student team from the ASU Norris-Vincent College of Business will assist the SBDC advisors.

The SBDC also provides free workshops on various components required to develop a business plan. All workshops will be held at the Business Resource Center (BRC) Training Room located at 69 N. Chadbourne St. in San Angelo. Other SBDC workshop schedules and seminar registration information are available online.