Palo Alto Software today announced that its 2004 Business Plan Competition is now underway. This 4th annual contest is open to new businesses or expanding businesses that write their business plan utilizing Palo Alto Software’s Business Plan Pro.
The winner of the competition will receive a grand prize of $25,000 and be featured on www.bplans.com, Palo Alto Software’s award winning web site. Five runners-up will receive $1000 and will also appear on www.bplans.com.
“Palo Alto Software is thrilled to be holding its 4th annual business plan competition,” said Tim Berry, president of Palo Alto Software. “This contest provides us with the opportunity to see our software at work at the highest level and it allows us to support new and growing businesses around the country.”
Last year’s grand prize winner was The Coffee Warehouse, a provider of high quality, full service distribution of coffee, new age beverages and beverage related supplies to coffee houses and espresso stands throughout the Spokane and Northern Idaho market.
The 2004 winning plans will be chosen by a panel of business planning experts and will be judged on the basis of proof of need of the business, strength of the management team, compelling nature of the business case, business strategy and competitive analysis. Entry deadline is May 31, 2004. Contestants may enter the competition and obtain rules at Palo Alto Software’s web site www.paloalto.com/competition.
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