Why Should I Enter i.d.e.a.WF?
People entering the contest can get at least three benefits: Process, Feedback, and Prizes
PROCESS: Many Americans dream of launching a business, but unfortunately very few actually do. One reason is they never find the time to make it happen or know how to get started. i.d.e.a.WF creates a process with deadlines to meet, as well as training and help along the way. Many times people say it was the i.d.e.a.WF process that made it all possible for them to build momentum.
FEEDBACK: People often have only a general idea of what they want to do. What they need most is some honest, unbiased feedback about how they can turn that general idea into a real business. America’s Small Business Development Center at MSU Texas provides invaluable feedback as they work with the i.d.e.a.WF entrants on their executive summaries and business plans. Then the judges enter the picture, and these five successful business leaders will tell our entrants exactly what they do and don’t like about the plan.
PRIZES: For those fortunate enough to win, the prize package can give them a real boost. In addition to the cash, our winners get free professional assistance in the most critical areas: legal, accounting, marketing, human resources, and IT.
Why does the community support i.d.e.a.WF?
JOBS! i.d.e.a.WF is ALL about helping to launch new businesses that get the majority of their business from outside of the local area. As this new money flows into the area, these new businesses hire new employees (or use the services of existing businesses in our area, which then have to hire more employees themselves). And these new employees draw salaries, which are being paid with money coming from customers outside of the local area. These salaries grow the entire regional economy. Because of this, i.d.e.a. WF is a contest where everyone wins!
How do I enter i.d.e.a.WF?
Attend a free orientation Each year, we offer multiple orientations that are designed to provide an overview of the i.d.e.a.WF process. Even though you aren’t technically required to attend an orientation to enter the competition, we believe that you will benefit by attending. First, you’ll meet the administrators of the program face-to-face; they’ll also meet you in person, allowing them to put a face with a name! Second, you’ll learn about the incredible resources available to those who take part in i.d.e.a.WF. These resources are intended to help you not just through the entry process, but also throughout the life cycle of your business. Finally, you’ll learn the “rules of the game.” It’s not just enough to read the rules; you need to understand the rules, and also what is expected and when.