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21 DAYS CAMPAIGN: Competition launched for budding enterpreneurs

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 a.crane@nbcol.ac.uk.

Each business plan should include information on a list of 21 key areas, in-line with the campaign’s 21 days theme.

They are:

n Business idea

nTarget market

nMarketing plan

nPricing strategy

nPricing strategy rationale

n Web-based or commercial premises?

n Location

n Website

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

 

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