Business Plan Competition
The San Angelo Business Plan Competition 2018 is a three-phase business plan competition with cash prizes totaling $70K as well as in-kind prizes donated by local businesses. The Competition Coordinators are The City of San Angelo Development Corporation (COSADC), ASU Norris-VIncent College of Business (NVCOB), and the ASU Small Business Development Center (SBDC).
A Judging Panel will be assembled from a pool of successful entrepreneurs, business leaders, financial professionals, and other economic development supporters in San Angelo. The Competition Coordinators and the Judging Panel are considered the “Competition Officials.” The competition is an opportunity for entrepreneurs to develop viable business plans that will create new ventures or expand existing businesses in San Angelo.
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 firstname.lastname@example.org. SBDC certified business advisors will work with contestants on developing their Business Overview and Business Plan. A student team from the ASU 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.
2018 Business Plan Competition Winners
Carl and Amy Perez, the owners of Rock Your World Decorative Concrete, were named the 2018 Business Plan Competition winner during the city’s Development Corporation meeting on April 25, 2018, garnering a $50,000 cash prize. Rock Your World Decorative Concrete will produce and manufacture decorative rock panels, made from a formula lighter than concrete but just as durable. With hope to appeal to contractors, remodelers and the do-it-yourselfers in the community, the couple explained the panels can come in rock, stone, or barn wood and are a more cost-effective and time-friendly than the alternative.