RewardsGrants, Awards and Competitions
Competitions
Entry to competitions is also by submission of a business plan and a personal presentation to judges and often requires the same preparation as an award nomination.
By entering competitions, such as Business Icon you can win cash and goods as prizes. And of equal importance is the prestige and credibility of being chosen as a winner among other business operators. It can raise your personal and business profile and open the door to media exposure, public speaking opportunities, help to develop your confidence and bring in new customers. Keep your eye on newspapers, business magazines, and the media to find relevant competitions you can enter.
Of course once you have entered a competition or nominated for an award you will have the opportunity to use the business plan and prepared presentation to enter others, which can have a flow-on effect and increase your chances of success. If you don’t succeed at first, never give up.
You can open many doors with your persistence and there are surprising marketing and promotional opportunities that can come from simply entering, even more if you are placed as a finalist or winner. Many of our Young Business Network (YBN) members are competition and award winners. See the new sensations case study on YBN member Louisa Wood.
