The Unexpected Pros And Cons of Business Competitions

The Unexpected Pros And Cons of Business Competitions

PRO: Free money to get your business started.

If you win, you could be awarded up to $100,000 in cash and/or prizes that you can use to build, hire, and get your startup off the ground. In most cases, there are no strings attached and you don’t have to give up a percentage share of your business equity. Be careful, though, because some competitions don’t award any cash at all, just services, and you have no choice in service providers.

PRO: You can make the most of new contacts.

The chance at winning big bucks isn’t the only reason to compete in a business plan or venture competition. Read more…

Recommended: 4 Mistakes That Hurt Your Crowdfunding Campaign

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