Earlier this month, IMPACT Sheridan hosted the fifth anniversary Sheridan Start-Up Challenge. This year’s accident was a abundant success, and cartel I say, our adjudicator console had the longest application affair and the toughest decisions to accomplish back I accustomed in Sheridan in 2018. That is a attestation to some high-quality presentations fabricated by the bristles finalists. IMPACT 307, with a U.S. EDA CARES Act grant, is accretion the cardinal of start-up competitions beyond the state. Our Assistant Director Skye Heeren will be arch the accomplishment to admit a Gillette Start-Up Challenge in the bounce of 2022 and a Park County Start-Up Challenge in the abatement of 2022. Added new IMPACT 307 business plan competitions are planned for Fremont County (Lander/Riverton), Goshen County (Torrington) and southwest Wyoming (possibly Sweetwater County and Evanston).
Why are so abounding start-up competitions planned? We accept begin that they are the “spark” that gets abounding ambitious entrepreneurs to act on a business abstraction that they accept devised. Without the spark, association may stick to their absolute action or use additional time for added pursuits. A Start-Up Challenge enables a artistic alone to abduction a abeyant new business abstraction by responding to a few simple questions, such as what botheration the new abstraction will address, who the ambition chump is, how big the bazaar is, what the antagonism is like and added basal business elements.
If IMPACT 307 can analyze entrepreneurs who appetite to appraise the claim of an idea, there are added individuals we can serve. If we can get aloof 25% of the applicants to chase through on initiating a new business, that’s a lot of new start-up action beyond Wyoming. When speaking with individuals about the Sheridan Start-Up Challenge, I’ve heard endless times that “we were not ahead acquainted of IMPACT and the advising casework provided.”
As a result, our Sheridan Challenge has become the capital recruiting apparatus for our program. We chase up with all Challenge applicants whether they advance in the antagonism or not. We can cull in our sister Business Resource Network organization, the Wyoming Small Business Development Center, to explain the assets they offer. The SBDC has abundant training programs and templates that supplement what our business incubator affairs can provide.
It’s never too aboriginal to plan for abutting year’s Sheridan Start-Up Challenge, so if you accept new business account to discuss, amuse acquaintance us. We’d be blessed to set up a affair and accommodate abetment with putting a solid business model.
I would like to about admit all bristles of our 2021 Sheridan Start-Up Challenge finalists: Brittni Schmit of Brit Schmit LLC, RJ Bungert of Outter Limits LLC, Kaya Pehringer of Mitten’s Moisturizer, Jeremiah Attebury of Oyster City Mushroom Farm, and Austin Ledingham and Andrew Leland of SonaPure. Every one of these individuals formed acutely adamantine throughout the Start-Up Challenge process, and anniversary business would be an asset to our Sheridan breadth if these entrepreneurs are acknowledged in ablution and growing their companies.
Scot Rendall is the Director of IMPACT Sheridan.
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