Deadline extended for annual business plan competition
Steamboat Springs — An annual business plan competition, hosted by Colorado Mountain College and sponsored by the City of Steamboat Springs and Alpine Bank, has extended its deadline for entries.
The fifth annual Yampa Valley SCORE Business Plan Competition is now accepting submissions of business plan proposals through Oct. 19, a month past the original deadline.
The competition is open to entrepreneurs with a new concept and those who have started sales within the past year.
“If you’ve started selling within the last year, you’re still a pretty new business, and obviously, the prize money would go a long way to get you launched,” said Randy Rudasics, manager of the Yampa Valley Entrepreneurship Center at CMC.
Examples of eligible businesses include restaurants, stores, businesses selling a product or tech businesses, as long as they are based in Steamboat Springs.
“It’s any kind of new business that sells a new product based in Steamboat Springs,” Rudasics said.
Participation in the competition is free, and help with developing a business plan is available from the SCORE volunteer network that operates out of the entrepreneurship center.
The first-place business plan will receive a taxable payment of $10,000, and the second-place competitor will receive $5,000, in addition to other benefits.
The creators of the top plans will also have the opportunity to present their business ideas to a panel of judges for review and evaluation.
Past winners of the competition have included Grass Sticks, Balance Rider, Nelson Colorado and Mountain Pine Manufacturing.
For an appointment with the SCORE volunteer network, call 970-870-4491.
Completed business plans should be submitted digitally to Rudasics at firstname.lastname@example.org.
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