En­ter lo­cal mi­cro-busi­ness startup com­pe­ti­tion now

Serve Daily - - FOSTERING GROWTH - By Scott Cren­shaw

In an ef­fort to cre­ate a lo­cal com­mu­nity of en­trepreneurs, Cren­shaw Re­alty has de­cided to chal­lenge oth­ers to start a busi­ness. Of­ten­times we think we have to be on Shark Tank or have a ton of money to have a suc­cess­ful busi­ness. How­ever, this is not so. The au­thor of “The $100 Startup” stud­ied 1,500 “mi­cro-busi­nesses” and nar­rowed his re­search to 50 star­tups that gen­er­ated $50,000 to sev­eral hun­dred thou­sand-plus in profit an­nu­ally and of­ten­times did it for less than $100 of startup cap­i­tal. It is my de­sire to help sev­eral peo­ple grow a busi­ness here lo­cally. I want to en­cour­age and watch you en­joy the chal­lenge and free­dom that this chal­lenge pro­vides. As a re­sult, I am per­son­ally chal­leng­ing and en­cour­ag­ing you to cre­ate your own busi­ness, to see what you can cre­ate. Come grow San­taquin and the sur­round­ing com­mu­nity with us! The rules are: • Cre­ate a busi­ness plan

• You can use any avail­able re­sources (car, com­puter, any­thing you al­ready have or is gifted/do­nated - doc­u­ment this)

• The busi­ness plan must be orig­i­nal work (don’t copy)

• The busi­ness plan must show how and why your busi­ness will work. (See the out­line found at 100startup.com for ideas. The book is also in­spi­ra­tional.) Yours can be sim­pler or more com­plex, but this is a sim­ple guide.

• En­tries must be sub­mit­ted by Fri­day, May 31, to Cren­shawRealty@gmail.com. Award/Judg­ing: • Three $100 awards will be given to the three best busi­ness plans on June 12. At least one award will be given to some­one un­der 18. The three win­ners will also be high­lighted on a one-page ad in Serve Daily.

• Busi­ness plans will be judged on the fol­low­ing three cri­te­ria: 1. Will it work? 2. How prof­itable will it be? 3. The lower the startup cap­i­tal, the bet­ter.

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