TO AWARD $50,000 to Top Submission
DEADLINE is FEBRUARY 29
If you possess the determination to run your own business and a desire to help fuel the community, or you’re already doing it, you may want to check out the current Ford BEST Business Plan Competition.
One Grand Prize winner will win $50,000 towards their business or business idea; First and Second Prizewinners will win $25,000 each. Entries must be fully developed and presented in a business- plan format. All entries must be submitted by February 29, 2004.
Applicants must submit a business plan to be judged by SCORE counselors for a grand prize of $50,000 and two runner-up prizes of $25,000 to start up the business of their dreams.
The plan should include five main elements, including type of business, product or service, pricing considerations, target market and competition, and general operations. An advisory panel of SCORE counselors will review the plans based on the following judging criteria: overall presentation of the business plan, the viability of a success, funding requirements, anticipated sales, analysis of competition and overall benefit to the community.
All applicants will receive a free one year online subscription to Diversityinc.com and winners will receive free counseling and mentoring from a SCORE counselor. For more information and to apply, log onto www.ford.com/go/best.