BUDDING entrepreneurs with a great business idea are being invited to turn it into reality and pitch it in front of a panel of industry experts.
In conjunction with the 21 Days campaign, Northbrook College has launched a competition, inviting those with an interest in starting their own business to produce a business plan, in an effort to win in-depth consultancy sessions.
Entrants must produce a business plan, detailing 21 separate aspects.
The top three entries will be invited to pitch their idea to a Dragons’ Den-style local panel, on Friday, March 21 at 10am, at Northbrook’s university campus in West Durrington.
The most promising idea will receive eight hour-long consultancy sessions to help turn their eureka moment into real-life.
Worthing and Adur Chamber of Commerce CEO Tina Tilley said it was a great opportunity to encourage potential bright sparks.
She said: “This competition will give one lucky winner the best-possible chance to get a good start in business, and get some fantastic free support, too.”
For an application form, email firstname.lastname@example.org.
Each business plan should include information on a list of 21 key areas, in-line with the campaign’s 21 days theme.
n Business idea
nPricing strategy rationale
n Web-based or commercial premises?
n Start-up costs identified
n Sources of finance
n Budget management
n Cashflow predictions
n Unique selling point
n Competitors identified
n Company structure identified
n Rationale for company structure
n VAT registered
n Logo designs
n Staffing requirements
n Personal statement
n Aspirations in 12 months