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.