Huron County is one of the most “rural” in Ontario and its economy relies heavily on self-employment, according to Alison Lobb, Business Consultant for the County. Accordingly, delivering training in entrepreneurship skills to our youth is critically important to their future business success. We want to encourage youth to remain in, or return to, our county and to consider starting up a business here.
The annual HSBEC Business Plan Competition is designed to encourage secondary school students to learn more about entrepreneurship through the creation of an effective business plan. It encourages youth to consider entrepreneurship as a possible career option for the future and give them practical experience in what is required for a start-up business. They should have a better understanding of the need for careful planning before investing time and energy into a business enterprise due to their formation of a written plan.
The students do not have to run the business, simply prepare and submit a formal business plan. The contest is open to all high school students in Huron and Perth Counties, and the plans can be developed as partnerships or sole proprietorships. In 2008, 25 plans were submitted. With five cash prizes (ranging from $500 to $100) this is an opportunity for all enterprising students! For more information, contact Alison Lobb at the Huron Business Enterprise Centre in Seaforth, 527-0305. The deadline for business plan submissions is Monday, June 01, 2009.
This competition is sponsored by the Huron Small Business Enterprise Centre in Seaforth, and is one of the student entrepreneurship programs of the Ministry of Small Business and Consumer Services. Various community sponsors, to be determined, will also be supporting this event.