Step

1

Feb 18, 2023 (Saturday.) Attend one of six identical orientation sessions.

Details

Step

2

Enter the competition by submitting an investor fact sheet, application, credit report on owners, and the $295 entry fee no later than Wednesday, March 1, 2023 at 5:00 PM.

Step

3

Attend six workshops that will lead you through the i.d.e.a.WF and business planning process.

Details

Step

4

Submit your business plan draft for feedback, no later than June 14, 2023 at 5:00 PM.

Step

5

Receive feedback from Dillard College of Business Administration at MSU Texas to refine your business plan.

Step

6

Submit your final business plan no later than Wednesday, August 16th at 5:00 PM.

Step

7

Attend the “How to Pitch a Plan to Investors” workshop

Details

Step

8

Develop and perfect your pitch.

Step

9

Make your pitch!

Step

10

Attend the awards ceremony (date to be determined.)

About i.d.e.a. wf

Since its inception in 2010, i.d.e.a.WF has awarded more than $300,000 in cash and about a half million of in-kind services to over thirty different winners. Almost seventy percent of these small businesses are still operating in the Wichita Falls area, employing local people, and bringing revenue to our community. Previous winners credit i.d.e.a.WF for much of their success and some acknowledge that without the program their business would not have opened.
Participants in i.d.ea.WF will be led through the business planning and startup or expansion processes. Six orientation sessions, as well a series of seven unique seminars will teach entrepreneurs exactly what they need to do to plan their business, conduct market research, make sales and financial forecasts, market their companies, pitch to investors, keep accurate business records, understand those records, and pitch their plan to investors. i.d.e.a.WF is funded in part by the Wichita Falls Economic Development Corporation and overseen by Lalani Center for Entrepreneurship and Free Enterprise, which is located in the Dillard College of Business Administration at MSU Texas. The purpose of i.d.e.a.WF is stimulate the local economy by providing funding and other resources to entrepreneurs in Wichita Falls. Winners can use their funds to open new businesses or expand existing businesses.

Benefits

In addition, participants will be offered free and confidential business consulting services and access to research databases that will empower them to make better decisions for their businesses. Participants should ideally treat i.d.e.a.WF as a six-month commitment and an investment that will enable them to work on their businesses rather than working in their businesses.

Orientations

re-scheduled dates coming soon

Location: Dillard College of Business Administration at MSU Texas.

Feb

2

Thu

Date

TBD

Orientation 1

Room 131
5:30 - 7:00 PM

Feb

7

Tue

Date

TBD

Orientation 2

Room 131
5:30 - 7:00 PM

Feb

9

Thu

Date

TBD

Orientation 3

Room 131
11:30 AM -1:00 PM

Feb

19

Sun

Date

TBD

Orientation 4

Room 131
10:30 AM - Noon

Feb

21

Tue

Date

TBD

Orientation 5

Room 131
5:30 - 7:00 PM

Feb

23

Thu

Date

TBD

Orientation 6

Room 131
5:30 - 7:00 PM

Workshops

re-scheduled dates coming soon

Location: Dillard College of Business Administration at MSU Texas.

Mar

21

Tue

Date

TBD

Business Planning

Room 131
5:30 - 7:30 PM

Mar

28

Tue

Date

TBD

Financial Statements

Room 131
5:30 – 7:30 PM

Apr

4

Tue

Date

TBD

Market Research

Room 131
5:30 – 7:30 PM

Apr

11

Tue

Date

TBD

Sales Forecasting

Room 131
5:30 – 7:30 PM

Apr

18

Tue

Date

TBD

Pro-Forma Statements

Room 131
5:30 – 7:30 PM

Apr

25

Tue

Date

TBD

Guerilla Marketing

Room 131
5:30 – 7:30 PM

Sep

12

Tue

Date

TBD

How to Pitch a Plan

Room 189
5:30 – 7:30 PM

Oct

6

Fri

Date

TBD

Finalists's Pitches

Room 189
9:00 AM - Noon

Judging

Mar

10

Fri

Date

TBD

Semi-Finalists announced

Sep

8

Fri

Date

TBD

Finalists Announced

Oct

18

Wed

Date

TBD

Winners Announced

CSC, Comanche
11:30-1:00 PM
Tickets

Judges

Businesses will be selected to advance at each round by an independent panel of five judges. The judges will consist of the following:

• Dr. Scott Manley, the Munir A. Lalani Professor of Entrepreneurship at MSU Texas

• Mr. David Toogood, the President and CEO of Work Services Corporation

• Ms. Holli McClain, Senior Vice President and CFO of First Bank • Travis Haggard, Executive Director for the Burkburnett Development Corporation

• Ivonne Wineinger, Marketing Director and Owner of The Burn Shop

· Ms. Holli McClain, Senior Vice President and CFO of First Bank

· Travis Haggard, Executive Director for the Burkburnett Development Corporation


These judges, will be volunteering their time and expertise to i.d.e.a.WF. They have a broad range of experience and will thus be capable of evaluating firms from any industry.

Contact

Jeannie Hilbers
i.d.e.a. WF Coordinator
Dillard College of Business Administration

MIDWESTERN STATE UNIVERSITY
3410 Taft Boulevard
Wichita Falls, TX 76308

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