Final pitch and winners will be announced in April. The StartUP! Competition is a 4-month program for Queens-based startup founders and small business entrepreneurs who are at the early stages of developing their businesses. The program is run by Queens Economic Development Corporation. We believe that inclusion is an economic imperative and entrepreneurship is open to everyone, regardless of your gender, race or birthplace. Program dates: Participants can enter the program anytime between November 1, and March 1st,
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The Competitive Analysis section of your business plan is devoted to analyzing your competition--both your current competition and potential competitors who might enter your market. Every business has competition. Understanding the strengths and weaknesses of your competition--or potential competition--is critical to making sure your business survives and grows. While you don't need to hire a private detective, you do need to thoroughly assess your competition on a regular basis even if you only plan to run a small business. In fact, small businesses can be especially vulnerable to competition, especially when new companies enter a marketplace. Competitive analysis can be incredibly complicated and time-consuming
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Since its inception in , applicants from every Brooklyn neighborhood have taken advantage of the tools and the structure the competition offers. As of , the competition has helped participants to develop business plans and awarded seed money to entrepreneurs. More than half of these have gone into business. Watch the video above to learn how PowerUP! Find more details about the PowerUP!
You may also find yourself breaking the law and inadvertently running a gambling business or an illegal lottery! If you are, you run the risk of being shut down. The most successful ones follow a process similar to the one I have set out below.