Steamboat briefs: Business plan competition launches for this year
April 19, 2017
The Yampa Valley Entrepreneurship Center is hosting the sixth annual community business plan competition for 2017. This program promotes effective planning for new business startups.
With a well-written plan, entrepreneurs have a better chance of finding funding, recruiting talented employees, addressing the needs of customers and solving operational challenges.
Past winners have included Excurzo, an application software company; Grasssticks, a bamboo ski pole manufacturer; Balance Rider, a patented equine training device; Nelson Colorado, an outdoor wear company; and Mountain Pine Manufacturing. The incentive to complete a plan by a set deadline has encouraged a number of entrepreneurs to submit plans and further their business goals regardless of whether they won the competition.
As part of this competition, a business plan-writing workshop will be offered Thursday, May 31 and June 28. Topics covered in these free workshops include identifying your target market, defining your product or service as a customer value, financial forecasts, operations, marketing and sales strategies. Call 970-870-4491 to register for one of these workshops.
The competition, sponsored by the city of Steamboat Springs, Alpine Bank and Colorado Mountain College, offers a first-place prize of $10,000 and a second-place prize of $5,000 plus other benefits. Plans are due by Sept. 18. Finalists will present their business concept to a panel of judges from Yampa Valley SCORE in October. Visit coloradomtn.edu/yvec for guidelines and rules.
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