Companies to vie in business plan competition

Two companies have qualified to compete in a statewide competition by virtue of their top finishes in a business plan contest conducted as part of a course at the Business Incubator Center in Grand Junction.

Remote Power Management Systems, owned by Rick and Terri Benson, placed first. The Kitchen Table, owned by Annie Arnoldy, finished second.

Their business plans will compete against plans submitted by other Small Business Development Centers in Colorado in the statewide competition.

The business plans are evaluated on the basis of range of criteria: completeness, market analysis, whether or not a marketing strategy makes sense based on the analysis and whether or not financial projections are complete and within accepted industry operating ratios.

The Bensons and Arnoldy developed their business plans as participants in the latest Leading Edge course at the Business Incubator Center. The 12-week course offers information on a range of topics, including cash low, financing, legal issues, marketing and personnel. The course also helps participants develop and execute business plans.

For more information about courses and other services offered at the center, call 243-5242 or visit www.gjincubator.org.