- Description
The purpose of the Institute for Entrepreneurial Leadership Annual Business Plan Competition is to guide you through the process of getting your thoughts about your business out of your head, on to paper, and into an actionable plan.
Top 5 Reasons to Enter:
Your odds of winning are better than playing the lottery
You have been "working" on your plan for two years and it is still only half done (or maybe you have been thinking about it for that long and have yet to write a single word!)
"It's all in my head" is not an acceptable answer when loan officers ask for a copy of your business plan.
A business plan is the foundation for growth and you need to grow now!
You have an opportunity to win thousands of dollars in prizes!By entering the competition, you will not only be eligible to win thousands of dollars worth of prizes, but all finalists will receive a free year of the IFEL Accelerator membership. Be sure to see our Entry Forms page to download the business plan templates and submission guidelines! We will be offering an array of technical assistance workshops and webinars to guide you along the process of completing your plan.
- Website
http://www.ifelnj.org/index.cfm?fuseaction=page.viewpage&pageid=676
- Competition Organizer
The Institute for Entrepreneurial Leadership
- Local US Event
- Newark, NJ
- Submission Date
1-14-2013
- Business Plan Submission Date
1-14-2013
- Awards Date
3-28-2013
- Total Prize Cash (US Dollars)
$10,000
- Competition Category
-
- Business - Local U.S.
- Women or Minority-owned
- Who's Eligible
Business owners that meet the criteria in at least one category are eligible to submit an entry for the IFEL Business Plan Competition:
Category: For-Profit
Primary business location in New Jersey
51% active ownership by a minority, woman, or veteran OR primary business location in a New Jersey Urban Enterprise Zone
2012 revenue < $1 million
No institutional third party investments (excluding bank financing)
Category: Non-Profit
New Jersey based non-profit with 501(c)(3) status
2012 revenue < $1 million (exclusion for social ventures)
For finalists: all businesses must remain in New Jersey for at least 1 year after the Winner Announcement, or prizes will be forfeited and returned.- Important Dates
Executive Summary submissions due 10/1/12
Executive Summay feedback period 10/8 - 10/19/2012
Business Plan submissions due 01/14/2013
Finalists announced 03/1/2013
Finalist pitch coaching 03/4 - 03/22/2013
Finalist presentations/Winner announced 03/28/2013- Competition Prizes
By entering the competition, you will not only be eligible to win thousands of dollars worth of prizes, but all finalists will receive a free year of the IFEL Accelerator membership. Be sure to see our Entry Forms page to download the business plan templates and submission guidelines! We will be offering an array of technical assistance workshops and webinars to guide you along the process of completing your plan.
