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Registration now open for eighth annual Business Plan Competition

Posted May 7, 2018

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The City of Fort Worth and Capital One Bank are looking for businesses to compete for more than $50,000 in cash and in-kind services as part of the eighth annual Business Plan Competition.

Participants will be judged on how well they develop a business plan, or enhance an existing plan, to reflect improvement in their market competitiveness and increase their bottom line.

The competition is a partnership between the city’s Office of Small Business and United Way of Tarrant Countys “Kernel Live!” program, which fosters social innovation in Tarrant County and provides resources and seed funding for organizations and programs that combine social impact with a sustainable revenue model and an innovative approach to solving challenges in the community. This partnership allows participants to receive the benefits of both competitions while also receiving business plan training at the Business Assistance Center.

Capital One is the presenting sponsor of the competition.

How to apply

Applicants must be a business with a DBA registered in Tarrant County, and must have an annual revenue of less than $500,000.

Those interested can register for the Business Plan Competition. Applications for this year’s competition are due by midnight June 15.

Competition details

Once all entries are received, 25 businesses will be selected and provided with five weeks of group training. Additional resources from the Business Assistance Center (BAC) will be available, such as one-on-one counseling, professional development workshops and coaching from industry experts. These resources will be provided through the BAC’s partnerships with Tarrant Small Business Development Center, SCORE, and the business colleges at TCU and the University of Texas at Arlington.

Final business plans will be due Sept. 10, and 10 businesses will be selected from this round to compete in front of judges during a Pitch Night on Oct. 11. The top three finalists will compete Oct. 25 for the prize packages, which include $10,000 cash for first place, $5,000 for second place and $3,000 for third place. Additionally, numerous businesses have donated in-kind services for the three finalists.

More information about competition details is available on the Business Plan Competition website.

About the competition

The Business Plan Competition was founded in 2011 as a partnership between the City of Fort Worth’s Office of Small Business, Capital One Bank, the Alternative Board and the Business Assistance Center. The competition encourages small-business owners to manage and operate their businesses according to a well-researched written plan, which will have a positive impact on their bottom line and strengthens their ability to generate revenue and create jobs.

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Global Entrepreneurship Week - Heart of North Texas 2018: 7:30 a.m. Nov. 16, 2018; Hurst Conference Center, 1601 Campus Drive.
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Tarrant County Vendor Fair: 8 a.m. Nov. 16, 2018; Tarrant County Resource Connection Gymnasium, 2300 Circle Drive.
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Public Art Dedication: 9 a.m. Nov. 16, 2018; East Division Police Station, 5650 E. Lancaster Ave.

Business Planning with StratPad Tools: 9 a.m. Nov. 16, 2018; SCORE Conference Room, Fort Worth Business Assistance Center, 1150 South Freeway.
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Commercial Board of Adjustment Work Session: 9 a.m. Nov. 16, 2018; City Hall, Second Floor, Council Conference Room 290, 200 Texas Street.
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Commercial Board of Adjustment Public Hearing: 10 a.m. Nov. 16, 2018; City Hall, Second Floor, Council Chambers, 200 Texas Street.
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Building Out a Successful Sales Program: 11:30 a.m. Nov. 16, 2018; SCORE Conference Room, Fort Worth Business Assistance Center, 1150 South Freeway.
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Residential Board of Adjustment Work Session: noon Nov. 16, 2018; City Hall, Second Floor, Council Conference Room 290, 200 Texas Street.
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Residential Board of Adjustment Public Hearing: 1 p.m. Nov. 16, 2018; City Hall, Second Floor, Council Chambers, 200 Texas Street.
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Turkey Bingo: 6 p.m. Nov. 16, 2018; Sycamore Community Center, 2525 East Rosedale St.

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Turkey Bingo at Andrew Doc Session: 6 p.m. Nov. 16, 2018; Andrew Doc Session Community Center, 201 S. Sylvania Ave.

Responsible Pet Ownership Class (Spanish): 9 a.m. Nov. 17, 2018; Chuck Silcox Animal Care & Adoption Center, 4900 Martin St.

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Canceled Fort Worth Local Development Corporation: 2 p.m. Nov. 20, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Canceled Central City Local Government Corporation: 2 p.m. Nov. 20, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Canceled AllianceAirport Authority: 2 p.m. Nov. 20, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Canceled Lone Star Local Government Corporation: 2 p.m. Nov. 20, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Canceled City Council Work Session: 3 p.m. Nov. 20, 2018; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Thanksgiving Dinner at Hillside: 7 p.m. Nov. 20, 2018; Hillside Community Center, 1201 E. Maddox Ave.

Canceled City Council Meeting: 7 p.m. Nov. 20, 2018; Council Chambers, Second Floor, City Hall, 200 Texas Street.

Senior Thanksgiving Dinner at Como: 11:30 a.m. Nov. 21, 2018; Como Community Center, 4900 Horne St.

Thanksgiving Dinner at Como: 6:30 p.m. Nov. 21, 2018; Como Community Center, 4900 Horne St.

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