Sweet Beginnings progressed through two rounds of competition for a grand prize of $25,000 and was selected as one of four national finalists in the early-stage category of the Social Impact Exchange Business Plan Competition. For more information on the Social Impact Exchange, visit their website here.
139 early-stage nonprofits entered the first round of competition and Sweet Beginnings along with 39 others were selected to continue onto round two. All round two entrants received webinar training on growth business planning from staff of Duke University’s Fuqua School of Business and received personalized feedback on their submitted business plans.
The final and third round of competition involved a presentation at the Social Impact Exchange Annual Conference on Scaling, which included the Business Plan Competition as one of its main events. Brenda Palms-Barber, CEO of Sweet Beginnings, LLC, traveled to New York City to deliver the presentation and participate in the follow up question and answer session. We were pleased to be joined by Sweet Beginnings Board of Managers, Michael Johnson, and our friend and longtime supporter, Ms. Connie Evans, President and CEO of the Association for Enterprise Opportunity.
Thank you to all the individuals who contributed to the development of this business planning process. Your efforts to improve our social enterprise business model are greatly appreciated. We would like to specifically thank Phil Adams, Faye Sinnott, Michael Johnson, Noah Temaner, Vena Nelson, Holley Blackwell, Michael Malecek, Majora Carter and James Chase with the Majora Carter Group, Annette Challenor, Ethan Foster, and Romina Brown. Congratulations to everyone on this commendable achievement.
If you are looking for business plan competitions for start-up capital, consider reading this Wall Street Journal article, “Strategies for Picking, and Winning, Small Business Competitions”. Click here for the article.