2023 Business Plan Competition

2023 Business Plan Purpose

Harness the unique strengths and skills of street smart entrepreneurs


Article By Antonio James, MIQ

June 1, 2023, 12:41 pm

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Here are ten purposes for an online business plan competition focused on street smarts:

  1. Foster Streetwise Entrepreneurship: Encourage participants to leverage their practical knowledge, resourcefulness, and street smarts to develop innovative and successful business plans.
  2. Celebrate Creative Problem-Solving: Showcase the power of street smarts in finding unique solutions to real-world challenges, fostering creativity and adaptability in entrepreneurship.
  3. Empower Underserved Communities: Provide a platform for entrepreneurs from marginalized or disadvantaged backgrounds to showcase their street smarts and entrepreneurial potential.
  4. Inspire Urban Innovation: Promote business ideas that address specific urban challenges and harness the power of street smarts to create positive change in urban environments.
  5. Encourage Informal Economy Integration: Recognize the importance of the informal economy and street vendors, and support business plans that facilitate their integration into the formal economy.
  6. Promote Community Collaboration: Encourage participants to develop business plans that foster collaboration and support within communities, leveraging street smarts as a catalyst for collective growth.
  7. Enhance Economic Opportunities: Facilitate the creation of business plans that leverage street smarts to unlock economic opportunities in underserved areas and empower local economies.
  8. Support Microenterprises: Promote the development of small-scale businesses that harness street smarts and localized knowledge to thrive in challenging urban environments.
  9. Foster Financial Inclusion: Encourage business plans that promote financial literacy, access to capital, and innovative financial services to empower individuals with street smarts to succeed in their entrepreneurial endeavors.
  10. Cultivate Resilient Entrepreneurs: Highlight the resilience, adaptability, and resourcefulness of street-smart entrepreneurs, inspiring others to develop these skills and succeed in the business world.

These purposes focus on recognizing and harnessing the unique strengths and skills of street-smart entrepreneurs, while also aiming to create positive social and economic impact in urban environments.

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