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 College of Business (COB), 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 at: www.sbdc.angelo.edu.
For immediate release
Nov. 15, 2017
Business plan competition seeks entries
This year’s San Angelo Business Plan Competition will offer more in cash prizes – $70,000 – plus in-kind products and services.
The business plan competition is open to entrepreneurs looking to launch local start-up businesses and to existing business owners wishing to expand. Advisers from the Angelo State University Small Business Development Center and students from the ASU College of Business will help guide and assist contestants in drafting plans.