Selfless Words & Actions
can Illuminate the Whole Universe
Contact : (213) 263-2744
Selfless Words & Actions can Illuminate the Whole Universe
Poverty Solutions, Inc. (P-Solutions) in conjunction with American Community Capital, LP. (ACC) and Los Angeles Community Capital (LACC) is organizing “Fund-My-Business-Plan” (FMBP) competition. FMBP will start on July 1, 2018 and conclude on July 31, 2019. Aspiring entrepreneurs are invited to compete for the top three prizes and an opportunity to be one of the fifty top finalists who will get their business idea funded through grants, equity investments, and/or loans. Winners would receive entrepreneurship grants and loan capital as follows:
P-Solutions is a nonprofit certified Development Financial Institution (CDFI) with primary goals of helping (1) low-income families become self-sufficient; and (2) new entrepreneurs and small business owner succeed. ACC is a Los Angeles based private equity fund. LACC is a non-profit Venture Capital and Private Equity Firm. P-Solutions is sponsoring FMBP competition because of P-Solutions experiences through its entrepreneurship program across California and Nevada. P-Solutions has come to realize how difficult it has been for entrepreneurs to obtain funding for their business ideas when the entrepreneur doesn’t have a qualitative business plan. FMBP is organized to sensitize entrepreneurs across the United States about writing business plans for every of their business ideas.
The Business Plan is an essential step for the potential entrepreneur to help turn an idea for a product or service into a profitable business venture. Whether you are starting a business or wish to expand your present business, an effective business plan will be your “road map” to success. A well-organized business plan will work out the details of your business on paper first, before you invest time and money into your venture. It is a “must” if you plan to obtain a business loan. There are no hard and fast rules in formatting your business plan. However, it should be written by the owner of the business with outside assistance as necessary. A business plan written by an outside consultant is someone else’s business plan. The length and content often vary depending on such factors as the company’s maturity, the nature and complexity of the business and the market is serves.
An effective business plan serves at least four useful purposes:
FMBP Process Overview:
Winners
Contact us to enroll for the business-plan competition or partner as mentor to competitors!!