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New “Plan for the Future” Competition Seeks Next Generation of Entrepreneurs

$25,000 in Prizes To Be Awarded To High School and College Entrepreneurs

Young entrepreneurs from across the United States can win one of 10 $1,000 scholarships and up to $7,500 in seed capital as part of a business plan competition sponsored by BizFilings and the National Federation of Independent Business through its non-profit education organization, the Young Entrepreneur Foundation.

Plan For The Future(SM), a youth business planning competition designed to enhance the entrepreneurial capability and strategic planning expertise in the next generation of U.S. entrepreneurs, is accepting entries from U.S. college and high school students through May 31, 2006. The two students who submit the top two business plans from each of the NFIB’s five regions will receive a $1,000 scholarship (a total of 10 awards). Students submitting the top three business ideas nationally will receive seed money for their business: $7,500 for first prize, $5,000 for second prize, and $2,500 for third prize.

Mark Schiff, general manager of BizFilings, said the competition provides a valuable opportunity and incentive for participants.

“The ‘Plan for the Future’ competition provides promising entrepreneurs with real-life experience and encouragement for their ideas,” said Schiff. “No matter what the outcome, students will gain valuable insights from simply participating in the competition. Drafting a business plan is the first, and possibly, the most important step toward starting a successful business. And we’re excited about partnering with the Young Entrepreneur Foundation to give these students a chance to fulfill their dreams.”

CONTACT: Melissa Sharp, (202) 554-9000

Full Story: http://www.nfib.com/object/IO_27146.html

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