There are many problems a small business owner or entrepreneur faces while at the start up phase of a business. Most of the time it is revolves around not having enough resources to meet the needs of the growing company or just to stay above water. Apart from getting funds through bank loans, your personal savings and venture or angel capital, there is an often overlooked resource that could be a windfall for the business if it becomes successful. This source of money and publicity is business contests. They are usually organized by bigger companies, universities or whoever, where small businesses and entrepreneurs are encouraged to submit a business plan to be considered in the contest to win cash of free service.
If you are like most people you will not even bother about it, maybe saying that you have never won anything before so there is no need in trying or write it off as one of those get rich quick scams. However, most of them are authentic, but it would be good idea to do a quick search online to learn more about the contest or the company offering it. There are a few strategies you can use to give your business a fighting chance in the competition and they include:-
• Read The Instructions
• Mail It In
• Be Well Prepared
• The Harder You Work The Luckier You Get
Original Article: Greed and Fear: 4 Strategies to Win a Business Contest
