2023 Business Plan Competition

2023 Business Plan Goals

Our School’s business plan template guides people living in poverty


Article By Antonio James, MIQ

June 1, 2023, 12:50 pm

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Here are ten purposes for an online business plan competition focused on helping people in poverty:

  1. Poverty Alleviation: Encourage participants to develop business plans that address poverty-related issues, such as income generation, employment opportunities, and access to basic necessities.
  2. Social Impact: Promote business ideas that have the potential to create positive social change, uplift marginalized communities, and improve the living conditions of people living in poverty.
  3. Empowerment: Provide a platform for individuals from low-income backgrounds to showcase their business ideas and empower them to become self-reliant through entrepreneurship.
  4. Financial Inclusion: Encourage the development of financial services or business models that can improve access to financial resources and services for individuals in poverty.
  5. Sustainable Development: Promote business plans that prioritize sustainable development practices, including environmental sustainability and social responsibility, while addressing poverty-related challenges.
  6. Education and Skill Development: Support business ideas that focus on providing education, training, and skill development opportunities to empower individuals living in poverty to improve their livelihoods.
  7. Microenterprise Development: Encourage the creation of microenterprises that can provide income-generation opportunities for people in poverty, fostering economic stability and independence.
  8. Community Empowerment: Foster community-based businesses that engage and empower local communities, creating job opportunities and promoting economic growth in impoverished areas.
  9. Access to Essential Services: Encourage business plans that address the lack of access to essential services such as healthcare, clean water, sanitation, and affordable housing in impoverished communities.
  10. Collaboration with NGOs and Organizations: Promote partnerships between participants and non-governmental organizations (NGOs), nonprofits, or social enterprises to maximize the impact of their business plans in addressing poverty-related issues.

By aligning your competition's purpose with the goal of helping people in poverty, Administrators can attract participants who are passionate about making a difference and support innovative solutions that have the potential to bring positive change to underserved communities.

#Street Smart goals #Compton Mural
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