Posted May 21, 2019
The city’s annual Business Plan Competition is a celebration of the entrepreneurial spirit that makes Fort Worth unique. The drive, innovation and grit of the city’s small-business owners inspires them to break new ground across a variety of industries, and their work is helping build and shape the character of the sixth-fastest growing city in the country.
That’s why it’s so important for Fort Worth’s entrepreneurs to develop roots in this passionate, supportive community, while learning the skills necessary to help their businesses flourish and grow in the years to come.
The ninth annual Business Plan Competition is one way that the City of Fort Worth helps set the area’s small-business owners up for success. Following five weeks of workshops and coaching, courtesy of the city’s Business Assistance Center and its partners, participants will develop a comprehensive business plan that covers everything from market competitiveness to financial outlooks.
The goal: Develop and learn your business inside and out, and hopefully well enough to impress a panel of judges for the chance to win $50,000 worth of cash prizes and professional services.
But the process of developing the plan pays dividends too, since entrepreneurs who operate based on a written plan improve their ability to generate revenue and create jobs.
Registration for the Business Plan Competition is available through the city’s Business Plan Competition webpage until midnight June 17.
Eligible applicants will have a business with a DBA registered in Tarrant County, with an annual revenue of less than $500,000.
Once all entries are received, 25 businesses will be selected for the competition and their five-week training will begin. Final business plans will be due Sep. 11, and the Top 10 will participate in Pitch Night before a panel of judges on Oct. 10. The Top Three finalists will present in the finale on Oct. 24, competing for first, second and third place prize packages.
Frost Bank is the presenting sponsor of the competition. Coaching and professional development workshops will be provided by industry experts and the city’s partnerships with the Tarrant County Small Business Development Center, SCORE and the business colleges at TCU and the University of Texas at Arlington.
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