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Maryland Invites Women Entrepreneurs To Compete For Best Business Plan

Rockville, Maryland kicked off its 11th annual StartRight! Business Plan Competition for Women Entrepreneurs this Wednesday. “The competition is designed to give new businesses support through more than $15,000 in cash prizes, publicity, and feedback on their business plan from a panel of judges,” Gazette.net reports. “To qualify, businesses must be at least 51 percent […]

Maryland Invites Women Entrepreneurs To Compete For Best Business Plan

Rockville, Maryland kicked off its 11th annual StartRight! Business Plan Competition for Women Entrepreneurs this Wednesday. “The competition is designed to give new businesses support through more than $15,000 in cash prizes, publicity, and feedback on their business plan from a panel of judges,” Gazette.net reports. “To qualify, businesses must be at least 51 percent woman-owned and younger than 3 years old, with operations in Maryland, Washington or Virginia.” The Maryland Women’s Business Center and Rockville Economic Development Inc. will sponsor the competition. Local women will compete to create the best business plan, complete with an executive summary. (An executive summary provides quick insights into a more comprehensive business plan.)

Some sources suggest that these competitions, while full of good intentions, may not be necessary much longer. “Between 1997 and 2014, the number of women-owned businesses in the U.S. rose by 68 percent, twice the growth rate for men and nearly one and a-half times the rate for all companies,” according to U.S. Census data and The Star Tribune.

The spike in the total amount of entrepreneurs, The Star Tribune continues, may have a lot to do with the difficult job market. Women entrepreneurs, however, are expected to persist even as the economy recovers. Businesswoman continue to be inspired by strong, female leaders. Women are also finding strength in numbers; it is no longer out of the ordinary for women to start and own businesses.

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Author: 1938 News

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