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Are You An Entrepreneur? Enter This Competition and You Could Win $5,000

Are you an entrepreneur? Want to win $5,000? Enter Entrepreneur Magazine's competition and you could. Do you consider yourself to be an entrepreneur? Do you want to make money to support your future business ideas? You should consider entering Entrepreneur Magazine’s “Entrepreneur of 2011” contest presented by the UPS Store.

Entrepreneur Magazine is currently seeking candidates through June 15 to compete for a chance to win $5,000 to fuel your entrepreneurial dreams. This is the fourth year the competition will take place and according to a statement from the magazine, the Entrepreneur of 2011 is open to businesses with fewer than 100 employees and have gross sales revenue of at least $3 million in 2010.

The Emerging Entrepreneur of 2011 is open to companies with no more than 12 employees that posted at least $350,000 in gross sales revenue in 2010. Anybody mulling over entering should consider entering here. Aside from the two awards that will be presented to people already entrenched in the business world, the magazine is also on the lookout for young entrepreneurs.

This year, the College Entrepreneur of 2011 category is aimed at college students who have an idea they think could translate into a viable business model. College students who want to compete for $5,000 in financing will pitch their business ideas and the best idea will be chosen. According to the magazine, all entrants in this category must be in either college or graduate school and between the ages of 18 and 25.

“Each year the competition heats up with entrepreneurs kicking old-business habits to the curb to address new market needs in innovative ways,” said Entrepreneur magazine editor-in-chief Amy Cosper. “We’d expect nothing less from the 7.8 million small businesses brilliantly applying their ideas to everything from sustainability issues to health matters and more. The Entrepreneur of 2011 awards, while given to a select few, honor their collective efforts that create new jobs and propel us all forward.”

Judges for the competition include representatives from Entrepreneur’s editorial department and Mail Boxes Etc. The panel will base its choices on criteria that includes business growth – measured in both employee and revenue expansion – as well as the impact the business has had on an industry, the community, employees and customers.

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2 Responses to Are You An Entrepreneur? Enter This Competition and You Could Win $5,000

  1. elisha ebitubou abigail says:

    i love to have something of my own doing but money is always the barrier for me pls i need your help in this aspect. thanks.

  2. Michael Luchies says:

    Many universities have business competitions. In 2010, I won the Bradley University business plan competition (Project Springboard). There are many big competitions for business plans, elevator pitches, etc. The Collegiate Entrepreneurs’ Organization (CEO) has the National Elevator Pitch competition and others, and I know MIT holds a big one as well. I only question the time that companies who gross over 3 million in sales revenue will spend to win $5,000.

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