RMIBest Company Concepts Desired
CEDAR CITY – The Small CompanySmall company Development Center has actually opened the application procedure for the 9th yearly Best Business Idea Competitors where creative business owners have the chance to win money prizes to boost their businesses.Janet Calliham, management assistant for the Southern Utah University Business Resource Center, said the purpose of the BRC is helping rural Utah to develop businesses.The center functions as an umbrella for a number of companies, consisting of the SBDC.Calliham said the Best Business Idea competitors is open to all homeowners of any age, consisting of Southern Utah University students, in Iron, Beaver and Garfield counties.Patrick Henrie, co-owner with Dustin Gillies of Hooligan Action Sports, LLC won second location in the 2013-2014 competition.The winning idea was a kit for off-road automobiles such as side-by-sides and all-terrain vehicles.Henrie said each kit consists of street legal turn signals, a license plate light and horn that can be easily set up by owners.Southern Utah has designated ATV routes that make the extra devices unneeded, he said, but Arizona
has laws requiring the equipment on the off-road vehicles as well as registration. “Our market’s not actually right here; it’s a lot in Arizona,”Henrie said.He also stated he and his partner have actually sold the kits all over the nation, including to Southern Utah off-road car owners who want to register their vehicles for increasing through Cedar Canyon, however the bulk of sales have actually originated from Arizona.Henrie talked about the impact that winning 2nd prize in the competitors carried his
business.”We had the ability to construct an entire bunch more kits and research just new methods to make them much easier to set up,”he said, keeping in mind that the function of the kits was allowing owners to install the devices without needing to take their vehicles to a shop.Henrie said Outlaw Action Sports has actually been in business two years, however he and Gillies started offering the light kits near a year
ago.The business has experienced development of near$1 million in the previous year, however the kits are just one part of the business.Calliham said candidates have the choice of getting in the contest online at the web site, bestbusinessidea.org. Application requirements consist of a quick
summary of the company concept in 50 words or less, a video pitch for the concept with a maximum time of two minutes, and a signed form validating entrants are
locals of among the counties consisted of in the competition.Applicants for the competitors, she said, will have their concepts examined by a panel of judges picked from SUU and the neighborhood.”They may be successful entrepreneurs, or business leaders and school company faculty and
staff,”Calliham said.Then the entrants with the best ideas will certainly have the chance to provide their video pitch to the judges, and the awards will be presentedexist in mid-January. The SBDC competition, she said, is providing 5 cash prizesprize money that vary from$5,000 for first reward to$500 each for two honorable mention awards.Follow Cathy Wentz on Twitter, @CathleenWentz, and on Facebook at Facebook.com/ CathyWreporter.How to apply: o Candidates for the Finest Company Idea Competition might apply online by clicking on”Sign Up” at the web site, bestbusinessidea.org.o All entries for the competition need to be submitted by 5 pm Dec. 5 by either submitting the application online or emailing it to the Small CompanySmall company Development Center.o Applicants might also drop off a printed and completed variation of the
application at the center, 77 N. Main St.o For details, call 435-865-7707. o A training session for the application process is taking place Thursday at 5 pm at
the BRC/SBDC. o SUU students who are taking part might be qualified for extra funding through the
Chance Quest competitors.
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