Business Plan University

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Business Plan University is spearheaded by the Nashville Business Incubation Center (NBIC). Widely known for its record of effectively developing small businesses that are housed at the Center, Business Plan University was created to extend those same success techniques to the entire MSA.

The first business plan contest was conducted in 2005-2006. The entire community became involved. Sixty volunteers from diverse professions and backgrounds served as judges. Members of SCORE volunteered to mentor the participants. In the end, twenty-five small business owners walked away with bankable business plans that were ready for implementation.

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EVERYONE IS A WINNER WITH BUSINESS PLAN UNIVERSITY
Each contestant will walk away from the program with a bankable business plan that will yield immediate results. They will have the opportunity to:

• Participate in FastTrac classes, a national program that has assisted over 95,000 people across the country start or grow a business. Other organizations that offer FastTrac classes charge up to $1,195 per person.
• Be matched with a business mentor from SCORE (Service Corp of Retired Executives) who will help complete the business plan.
• Present their business concepts and receive feedback from a panel of business practitioners experienced in evaluating business plans.

The community wins because viable, strong businesses are the backbone of the economy. Small businesses represent 95% of the employers in Tennessee.