When new businesses fail, statistics show the most likely cause is a lack of business planning.
To help local entrepreneurs avoid that pitfall, the Macon County Certified Entrepreneurial Community (CEC) Leadership Team is hosting a business plan competition starting this fall and running through the spring of 2014.
The winner will receive a $5,000 grand prize.
Designed to encourage entrepreneurs to start successful businesses in Macon County, the competition will provide applicants the opportunity to complete a comprehensive business plan with the help of a series of free seminars. They’ll also work with various mentors in hopes of making their business a reality.
Finalists will be invited to the Macon County Economic Development Commission’s annual banquet, where the winner will be announced.
“We believe that the business community must promote the spirit of entrepreneurship among aspiring business owners,” said Tiffany Henry, director of Southwestern Community College’s Small Business Center. She is helping coordinate the business plan competition.
“The CEC and our partners want to encourage and support the start-up of businesses in our community and to further the creation of jobs to stimulate our local economy,” Henry added. “Most importantly, we want to help these businesses create plans to succeed.”
For more information about eligibility, guidelines and to apply, visit www.maconedc.com.
One other opportunity for aspiring business owners is the Awesome Business Idea Competition, which is offering $1,000 for the best business idea submitted by Nov. 16. More information is at: http://visit.sitedart.net/awesomebusiness-idea-competition-2013.
— Jan. 13: NC REAL Session #1 “Am I Entrepreneurial Material”
— Jan. 20: NC REAL Session #2 “Business Plan Development and Zero In on Your Market”
— Jan. 27: NC REAL Session #3 “Business Simulation”
— Feb. 3: Application Deadline
— Feb. 10: NC REAL Session #4 “Marketing Mix”
— Feb. 17: NC REAL Session #5 “Business Analysis & Operation”
— Feb. 24: NC REAL Session #6 “Financials for Small Business”
— March 10: NC REAL Session #7 “Taxes & Bookkeeping Basics in Small Business”
— March 17: NC REAL Session #8 “Business Plan Presentations”
— March 31: Deadline for ALL Business Plan entries
— April 24 : Winner will be announced during BIZWEEK 2014 at the Macon County EDC Banquet
Unless otherwise indicated, all training opportunities will be held from 5:30 to 8:30 p.m. at the SCC Macon Campus, Room 215.