Sublette County Youth Business Ventures Contest looks for new businesses to fund
Calling all young entrepreneurs, plans must be in by April 22
by Sublette County 4-H
March 4, 2016
Through a generous start up grant from The Daniels Fund, Sublette County 4-H will be hosting its eighth year of the Youth Business Ventures Contest. This contest is open to any youth ages 8 (by Jan 1, 2016) to 18 in Sublette County. Youth do not have to be 4-H members to compete in the contest. The Daniel’s Fund grant was provided to the Wyoming State 4-H Program to support workforce preparation and career development educational efforts.
The Youth Business Ventures Contest provides an opportunity for youth to develop and present a business plan for competition for seed money to start a new business or to grow an existing business.
The purpose of the contest is to:
- Encourage youth to develop an entrepreneurial mindset that will benefit them in future career opportunities
- Help youth learn the process of developing business plans
- Provide an avenue for youth to practice and develop effective verbal communication
- Encourage goal setting and determination of a course of action that will assist them to accomplish goals
- Provide monetary awards for successful plans
The contest will consist of two parts; a written business plan and a presentation of their plan to a committee detailing the type of business, major components of the business, and marketing strategies.
Business plans deemed to have merit by the committee may be awarded up to $1000.00. Several youth in the community have received funding from this program in the past and were able to begin successful businesses. Since the program began in 2008, the youth business venture program has funded 14 local youth businesses.
More contest information and application packets can be obtained from the Sublette County Extension Office at 621 S Pine in Pinedale or by calling the Extension Office at 307-367-4380 or 307-276-3301 or visiting their website at: http://www.wyomingextension.org/4hsublette/ and looking under the Opportunities category.
Written business plans must be returned to the Extension Office no later than 4pm Friday April 22, 2016 and applicants must be available to present their plans in person to the committee on Monday April 25, 2016 at Sublette County Library Board room in Pinedale beginning at 6:00pm.
A workshop and question/answer session to assist youth in writing their business plans will be held at the Pinedale Library Board Room at 5:30 pm on Tuesday, March 15, 2016. (Please RSVP to the Extension Office by noon if you will be attending this workshop; 307-367-4380 or rschambe@uwyo.edu).
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