New Guest Column: "BANK IT: Ca$h For Your Ideas"

by Nathaniel Whittemore · 2009-02-11 07:10:00 UTC
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Your business plan competition guide, Amanda Peyton, ready to throw some wisdom

It seems like almost every day, I hear about a new business plan competition, pitch conference or new fundraising website. Whether its the monthly crowd-sourcing of Ideablob or the Elevator Pitch Championship at your business school, these competitions can be some of the best ways to get money and launch an idea. As more and more adopt social entrepreneurship categories, they've served as catalysts for our emerging field. And even when you don't win, the feedback you receive and the chance to dig deeper into your idea are invaluable.

But frankly, its a bit hard to keep track of it all. So in the spirit of unlocking your entrepreneurial potential, I'm thrilled to launch a new guest column that will serve as a beginners guide to business plan competitions. "BANK IT: Ca$h for Your Ideas" is written by first year MBA student at MIT Sloan, Amanda Peyton. As lead events organizer for the MIT $100K Entrepreneurship Competition, Amanda will be sharing her first hand experience with the back-end of the b-plan competition. As a member of the executive committee for Sloan Entrepreneurs for International Development (SEID), she'll also be putting things in the social entrepreneurship context where relevant.

Her first column opens by reminding us that "the passion that often accompanies a new business idea is pretty powerful stuff." With Amanda as your guide, don't you think its time to get off the sidelines and into the game?

Nathaniel Whittemore is the founder of Assetmap. Previously he was the founding director of the Northwestern University Center for Global Engagement.
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